Foodonclick.com Appoints Fadi Ghandour to Board
Business Leader Support Signals Confidence in Online Food Delivery Model in the Middle East
27 May 2013, Dubai, UAE
Foodonclick.com, the UAE’s leading online food delivery portal, today announced the appointment of Fadi Ghandour to the company’s Board of Directors. Ghandour, who is the Founder, Vice Chair and former CEO of Aramex – a global provider of logistics and transportation solutions – is renowned for leading Aramex to global success as well as for his role in strengthening the entrepreneurial landscape in the Middle East.
A name synonymous with Arab entrepreneurship, Fadi is also the Founder of MENA Ventures Investments company - a $20mn fund with investments in more than 65 early stage internet and technology companies in the MENA region – and a founding partner in Maktoob, the Arab-English internet portal acquired by Yahoo!.
Recognising the growth potential of Internet-based businesses in the Middle East, Ghandour firmly believes in the success of the online food delivery model in the Middle East. As a member of the Board of Directors, Ghandour will advise Foodonclick.com on their regional expansion plans and strategic direction. Foodonclick.com, which launched in the UAE in 2010, recently expanded to Qatar and Oman and aims to be in every Gulf country within the next two years.
The company is wholly owned and founded by Yemeksepeti, Turkish online food delivery pioneer, which now facilitates delivery of more than 60,000 orders per day across Turkey. Yemeksepeti closed a US$44 million round of funding last year from New York-based growth equity firm, General Atlantic.
Speaking of Ghandour’s appointment to the Board of Directors, Gokhan Akan, co-Founder of Foodonclick.com said, “Fadi Ghandour is the first name that comes to mind when the word entrepreneurship is mentioned in the MENA region. It is not only Fadi’s strong credentials as a businessman but also his passion for entrepreneurship and innovation that make him the right fit for our business. Fadi’s strong business acumen and understanding of the regional market will help us to have the right operational structure at the initial phase of our Middle East expansion. We are confident that having him on board will not only contribute to our regional growth but will also help us to become a global brand.”
Fadi Ghandour said, “The Middle East has a strong appetite for a business such as Foodonclick.com. This is owing to many factors, including the region’s socio-demographic profile, climatic conditions and its popular food delivery culture. Its parent company, Yemeksepeti is a market leader in Turkey and Foodonclick.com aims to emulate Yemeksepeti’s growth in the Middle East. The company’s scalable and financially sustainable business model, which if combined with the potential of this market, will bring it strong business success.”
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Foodonclick.com is an online food delivery service that aims to make people’s lives easier by offering them an accessible and convenient platform for ordering food. Founded in June 2010 by Turkish online food delivery pioneer Yemeksepeti, foodonclick.com brings to the region an established business model localised to meet the specific needs of every country in which it operates. Providing up-to-date information on the best food delivery options in each listed neighbourhood, foodonclick.com lets consumers scan menus by cuisine, location or special offers and place orders at no additional cost. Since launching in the UAE, foodonclick.com has acquired over 45,000 subscribers and lists over 800 restaurants across Dubai, Abu Dhabi and Sharjah. The company recently expanded its operations to Muscat, Oman and Doha, Qatar and plans to establish a presence in every Gulf country over the next two years.