The investment division of Hope Fund, Hope Ventures, has announced its involvement in two Bahrain-based companies, Right Calories, and Motolines, via the sixth episode of the reality show with an entrepreneurial theme and the first private-public investment platform in the region, Beban.
Through Beban, Abdulla Sulaibeekh’s healthy restaurant “Right Calories,” located in Bahrain, raised $265,000 from Hope Ventures. The restaurant offers precisely calculated nutrition, high-quality, reasonably priced meals through A La Carte, meal planning & prep, and catering services. Represented by co-founder and CEO Ahmed Ashoor, Motolines is an e-commerce platform that links consumers with suppliers in the automotive parts and services sectors. Hope Ventures contributed $82,000 to the venture.
Hope Ventures is an investment firm that makes investments in scalable companies that have a strong foundation in their dedication to creating value alongside visionary founders who transform their respective industries. The company leverages its extensive network of public and private partners, along with a local network of mentors who are industry experts, to provide strategic capital to help its portfolio companies expand into new markets more quickly.
Hope Ventures on Beban is represented by H.E. Aymen bin Tawfiq Almoayed, Chairman of Hope Fund, who also serves as the episode’s moderator. Hope Ventures’ investment in both companies is indicative of its dedication to funding entrepreneurs who exhibit industry expertise and have specific goals and plans to develop and grow on a local level.
Abdulla Sulaibeekh, Founder of Right Calories, commented on their investment by saying, “Beban was more than a reality show to us. It has been a holistic growth experience, starting from the bootcamp up to the show, where we received valuable specialized training that helped develop our business leading up to pitching on the show. We are honored to have been trusted by Hope Ventures to invest in our business and be part of our journey to transform communities into health-conscious communities, expand Right Calories across the GCC, and cater to all age categories.”
Also commenting on their successful fundraising, Ahmed Ashoor, Co-Founder and CEO of Motolines, shared: “We, at Motolines, are thrilled to be one of the businesses granted the opportunity to participate in Beban. The experience is inspirational in every aspect, and the benefits from the program go beyond mere funding, extending to the development and refinement of entrepreneurial skills through tailored training programs. Today, with Motolines securing investment, we can expand our scope and embark on the entrepreneurial journey in regional markets, reaching out to the global arena.”
Through its partnerships with the Khalifa Fund for Enterprise Development (UAE), the SME Development Authority (Oman), GFH Capital (KSA), Zain Kuwait and the Sabah Al Ahmad Center for Giftedness and Creativity (Kuwait), and the Labor Fund Tamkeen (Bahrain), it is noteworthy to mention that the Beban TV show is the first private-public investment platform in the region.
