The venture capital arm of the Dubai Integrated Economic Zones Authority (DIEZ), Oraseya Capital, led Ogram’s recent KSA expansion round, which concluded successfully. Ogram is a leader in flexible staffing solutions. Oraseya’s confidence in Ogram’s vision and growth potential in the Kingdom is strengthened by this, their second investment in the company. Aditum Investment Management and Everywhere VC are two other important investors.
With an astounding three million flexible work hours offered to its expanding community, Ogram’s dedication to developing the next wave of flexible workers is clear. Over 90% of orders are fulfilled in the UAE and Greece, demonstrating Ogram’s dependability and effectiveness in these regions. Ogram has continuously increased shifts by double digits each month in the UAE, demonstrating its commanding market share. The company’s remarkable triple-digit growth in shifts per month since its 2023 launch in Greece is evidence of its successful and quick strategic expansion into new markets.
These accomplishments highlight Ogram’s critical role in providing flexible hiring models to businesses in a variety of industries, especially those with seasonal or cyclical demand patterns, and in empowering thousands of employees to regain autonomy over their own schedules. Ogram anticipates a remarkable 150%+ annual growth in man hours by 2024 as it gets ready to enter the KSA market.
“We are excited to secure this expansion round with such esteemed investors, which reflects the strong demand we are witnessing in the retail and hospitality sectors,” says Shafiq Khartabil, Co-founder & CEO of Ogram. “The funding will not only fuel our expansion into KSA but also drive us towards achieving profitability this year.”
“The on-demand staffing market is rapidly evolving, and Ogram is at the forefront of this transformation. We have been particularly impressed by their ability to provide a much-needed solution and implement it at scale for enterprise customers. Ogram’s achievements in the UAE and Greece give us great confidence in their potential to replicate this growth in the KSA market. We are excited to support their ongoing expansion and market leadership, in line with Oraseya’s commitment to invest in innovative startups offering promising solutions.” says Julien Plouzeau, Senior Partner at Oraseya Capital.
Scaling operations in KSA is the goal of the expansion round, as the retail and hospitality industries have enormous demand there. Simultaneously, there is a growing demand from major retailers in Greece and the UAE, paving the way for future market expansion.
In the future, Ogram is preparing for its Series B and possible M&A endeavors in the fourth quarter. Maintaining its growth and profitability trajectory while broadening its geographic reach continue to be the staffing platform’s top priorities.
This financial achievement supports Ogram’s vision to quickly pioneer “the new workforce” throughout the world and its mission to improve workers’ lives by enabling businesses to staff their operations with flexible work schedules.
