KoKens is a KaaS transforming online recipes to a cool menu that can be ordered, cooked and delivered with a click of a button.
Business Model: B2C
Revenue: $0
Employees: 1-10
Address:
City: Cairo
State: Al Qahirah
Zip:
Country: Egypt
Short Summary: KoKens is a KaaS (Kitchen as a Service) transforming online recipes to a cool menu that can be ordered cooked and delivered with a click of a button. The Business: People interact with food content generated by food bloggers and enthusiasts every day. They like, comment and share. We enable content creators to access the food delivery market by creating an online brand under their name and advertise it on their social media platforms. Through our commercial kitchen and online ordering platform, content creators can access the market with 80% less setup cost and 90% faster to market entry. Kokens will manage the full cycle from Order receiving to delivery including the sourcing of ingredients and packaging. Consumers will order from different channels such as Kokens website or brand page. Our revenue model is based on profit margin per unit after paying (Cost of goods, S&a;M, Opex &a; Bloggers profit). The Market: 2.5B $ is the size of food delivery business in Egypt, out of which only 6% is through online channels with around 40% YoY growth for online market. In Egypt 60 million users are using internet every-day and the food content is one the highest engagements on social media, this triggers the hunger but there is a missing link between the content of food online and what is available for ordering. By enabling bloggers and content creators to transform their online recipes into sellable online products and distribute via existing channels we offer our consumers a unique taste, high quality, and convenient delivery meal to feed their hunger. With millions of daily reach for food bloggers content, we have an access to wide market of followers.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 12/2021 | Venture Round | 1 | $100k |
Flat6Labs Egypt Flat6Labs Egypt |
6/2021 | Pre Seed Round | 1 | $90k |
Flat6Labs Egypt |
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