Bahrain-based cake ordering platform Lola secures $1.3 million in pre-seed funding, aiming for expansion in Saudi Arabia and the Gulf Cooperation Council region.
In the ever-evolving world of technology and e-commerce, a Bahrain-based startup named Lola is making a sweet impact. Specializing in personalized cakes for every occasion, Lola is revolutionizing the way people celebrate with its custom-made and lovingly delivered desserts.
Founded by Othman Janahi in September 2023, Lola has quickly grown its size and market share five times since launch. The startup's platform allows customers to design their cakes in under a minute, ensuring a unique and personalized touch for every celebration.
The vision behind Lola is not just about delivering a product, but about baking memories. This philosophy resonates with customers and investors alike, as the startup recently raised $1.3 million in a pre-seed round.
Othman Janahi, the Founder and CEO of Lola, is thrilled to have experienced and knowledgeable investors on board. While the specific names of investors were not disclosed, they are known to support early-stage tech companies and e-commerce platforms.
Lola's success has not been limited to Bahrain. It has expanded its operations to Riyadh and the UAE, and it plans to use the funds to further enhance its platform, expand its team, optimize logistics, and accelerate expansion across Saudi Arabia, starting with Jeddah and the Eastern Province.
This strategic move implies that Lola has its sights set on broader MENA markets and potentially the US. While specific details about geographic expansion are not detailed, Lola's inclusion among startups linked to Saudi Arabia, United Arab Emirates, Egypt, and the United States investment focus areas suggests ambitious expansion plans.
Amidst the growing demand for personalized gifting solutions, Lola remains committed to setting new industry standards. As it continues to grow and expand, Lola is poised to become a leading player in the custom cake industry, offering a unique and memorable experience for every customer.
- Othman Janahi, the Founder and CEO of Lola, is excited to work with experienced and knowledgeable investors who are financially backing the startup, as they have a proven track record of supporting early-stage tech companies and e-commerce platforms, playing a significant role in business expansion.
- With the successful completion of a pre-seed round, raising $1.3 million, Lola plans to apply these funds towards technology enhancements, team expansion, logistics optimization, and accelerated geographical expansion, particularly in the MENA markets and the United States, positioning the company for significant growth in the custom cake industry.
