Calo
Healthy meal subscriptions with calories and protein calculated for each customer's goal, cooked and delivered daily
Calo is a healthy meal subscription company founded in Bahrain in late 2019 and now based in Riyadh. Saudi Arabia is its biggest market, and it says it has served more than 280,000 customers and delivered more than 18 million meals.
What does Calo do?
Ahmed Al Rawi started Calo in Bahrain in late 2019, and Moayed Almoayed joined him as co-founder. The app calculates each customer's calorie and nutrient needs, then the company cooks the meals and delivers them daily. It entered Riyadh in 2021 and later moved its headquarters there. It has raised about $90.5 million, and the latest valuation reported is $250 million in December 2024. It is targeting a listing on Tadawul by 2027.
Products
A subscription for ready meals calculated on calories and nutrients based on height, weight, activity and goal, with the option to pause and swap
Key features
- An algorithm that picks meals based on the customer's goal
- Company-owned kitchens and delivery
- Integration with Apple HealthKit
- Direct-sales branches, including outlets in hospitals
- Operates in Saudi Arabia, the UAE, Bahrain, Kuwait, Qatar and Oman
- Calo was founded in Bahrain in late 2019, then moved its headquarters to Riyadh with no official announcement of the date of the move (between 2023 and 2024). Saudi Arabia is now its biggest market
- The latest valuation reported is $250 million (December 2024), and it is not a unicorn
- It entered the UK market in April 2025 by acquiring Fresh Fitness Food and Detox Kitchen. According to reports, it exited after about 13 months, with no official statement from the company
- Its investors include government-linked entities, among them Oraseya Capital, which is affiliated with the Dubai Integrated Economic Zones Authority, and STV, which was founded by stc
The documentary
Funding rounds
| Round | Date | Amount | Lead | Investors | Source |
|---|---|---|---|---|---|
| Series B extension | July 2025 | $39M | AlJazira Capital | AlJazira Capital, Nuwa Capital, STV, Khwarizmi Ventures, Al Faisaliah Group, Oraseya Capital | Source |
| Series BValued at $250M | December 2024 | $25M | Nuwa Capital | Nuwa Capital, STV, Khwarizmi Ventures | Source |
| Pre-Series A | December 2022 | $13M | Nuwa Capital, STV | Nuwa Capital, STV, Khwarizmi Ventures, Al Faisaliah Group, AlRajhi Family Office | Source |
| Seed | December 2021 | $13.5M | Khwarizmi Ventures, Nuwa Capital, STV | Khwarizmi Ventures, Nuwa Capital, STV, Al Faisaliah Group, Vision Ventures, 500 Startups, Savour Ventures, Nama Ventures | Source |
Key investors
Founders
Common questions about Calo
When and where was Calo founded?
It was founded in Bahrain in late 2019, entered Riyadh in 2021, and is now headquartered in Riyadh.
Who founded Calo?
Ahmed Al Rawi, and Moayed Almoayed joined him as co-founder.
How much has Calo raised?
About $90.5 million over four rounds, the latest being $39 million led by Aljazira Capital in July 2025.
Is Calo a unicorn?
No. The latest valuation reported is $250 million in December 2024.