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EgyptOgram Lands $3 Million Boost from Tenami Capital to Kickstart Saudi Adventure
2 min
Ogram, launched in 2017, is revolutionizing staffing with its on-demand solutions across various industries.
The impressive $3 million from Tenami Capital is non-dilutive, so the original team keeps full control.
This investment fuels Ogram's exciting entry into the Saudi market, especially targeting the booming retail and hospitality sectors.
Funds will also beef up Ogram's working capital, enabling quicker payouts and greater financial stability for their hardworking staff.
Tenami Capital, based in Dubai since 2021, focuses on empowering ambitious entrepreneurs with non-dilutive, revenue-linked funding.
It's always exciting to see a homegrown startup make waves, and Ogram is no exception. The UAE-based staffing platform has just pocketed a cool $3 million from Tenami Capital, and it's got us all buzzing. This isn't just any investment—it's non-dilutive, which means Ogram's founders won't have to part with any equity. They get the funds they need while keeping full control of their baby. Talk about having your cake and eating it too!
Founded back in 2017, Ogram has been shaking up the staffing scene with its on-demand solutions. Whether it's hospitality, retail, or other industries, they've made it a breeze for businesses to tap into a pool of talented folks whenever they need them.
Now, with this fresh injection of cash, Ogram is gearing up to take on the Saudi market. And honestly, the timing couldn't be better. Saudi Arabia's retail and hospitality sectors are booming—it's like a gold rush over there right now. By entering this market, Ogram isn't just expanding geographically; they're stepping into a landscape ripe with opportunities.
One thing that really stands out is how this investment will benefit the people behind the scenes—the workforce. The additional funds will bolster Ogram's working capital, which translates to faster payouts and more financial stability for the staff. In industries where timely payment can make or break someone's livelihood, this is a pretty big deal. It's heartening to see a company that values not just its bottom line but also the well-being of its contributors.
As for Tenami Capital, even though they only set up shop in 2021, they've quickly made a name for themselves. Based in Dubai, they're all about providing non-dilutive, revenue-linked capital to ambitious entrepreneurs. Their philosophy aligns perfectly with Ogram's forward-thinking approach. It's refreshing to see investors who are genuinely interested in fostering growth without putting founders in a tight spot.
