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US Food Tech Startup to Expand Into KSA With A $100 Million Joint Venture
US Food Tech Startup to Expand Into KSA With A $100 Million Joint Venture
Published June 3rd, 2021 - 09:30 GMT
Creating Culinary Communities (C3) Arabia has been valued at $100 million. (Twitter)
A US-based food technology platform has announced a new $100 million Saudi joint venture targeting 550 outlets by 2026, with the first set to launch in Riyadh early next year.
 
Creating Culinary Communities (C3) Arabia has been valued at $100 million and will be 49 percent owned by parent company C3 with Saudi investment firm WK Holding owning the remainder.
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Launched in 2019 by American serial entrepreneur Sam Nazarian, C3 currently operates around 250 food locations throughout the US. This year the company also launched the Citizens Go app, which allows users to order from multiple restaurants as part of a single order. ....

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