Sunday 3 December 2023

Honouring the winner

Fermendiet emerges winner of StartUp Bahrain Pitch series

MANAMA, September 14, 2023

Fermendiet, a Bahrain-based factory that produces fermented foods beneficial for general health and fitness, has emerged the winner of the sixth edition of StartUp Bahrain Pitch series.
Four Bahraini startups had taken the stage to present their business ideas to a distinguished panel of judges. 
The other three startups were Thrift It, a marketplace application that enables users to buy and sell second hand clothing and accessories; Doctori, an online platform that makes healthcare accessible and available to patients, allowing them to reach their healthcare providers virtually; and Truckly, a logistics platform intended for supply chain management for B2B entities, bridging land transport carriers with shippers to streamline last-mile delivery services.
Unique businesses
The startups presented their unique businesses after going through a rigorous fundraising and pitching bootcamp, ‘Raise: Art of Fundraising’ delivered by experts in the field. 
The event was organised in collaboration with key industry stakeholders, including the Ministry of Industry & Commerce, the Labour Fund (Tamkeen), the Bahrain Economic Development Board, and Bahrain Development Bank (BDB). The Pitch event included a keynote speech by Talabat’s former CEO and Faith Capital’s Managing Partner, Mohammed Jaffar, who shared his valuable insights on entrepreneurship along with guidelines and advice for entrepreneurs to achieve success. 
The judging panel included Suhail Algosaibi, Founder and CEO of Falak Consulting, Passant Abed, Investment Professional at Shorooq Partners, Egypt, Tara Arnaout, Principal of BY Venture Partners, Dubai, and Shaheeda Abdul Kader, Investment Advisor at ShaheedaSays, Dubai. 
Eye-opening journey
Commenting on the acheivement, Areej Almatooq, Co-Founder of Fermendiet, said: “Participating in the bootcamp was an eye-opening journey which equipped my team and I with valuable skills, and a profound understanding of the art of pitching and fundraising.”
She added: “The StartUp Bahrain Pitch event provided an invaluable platform to showcase our business and eventually helped us get selected as a first-place winner by the judges. We highly appreciate the efforts of everyone involved in this initiaitve including the Ministry of Industry & Commerce, Tamkeen, the Bahrain Economic Development Board, Bahrain Development Bank, our esteemed panel of judges, and, of course, StartUp Bahrain for their unwavering support and for granting us this incredible opportunity."--TradeArabia News Service


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