Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Uve Got Meal engages Sidra Capital to help drive business expansion  Join our daily free Newsletter

MENAFN Press - 22/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN Press) U've Got Meal, a provider of healthy meal programs in Dubai has recently tied up with Sidra Capital (DIFC) Limited (Sidra Capital ) to move into the next stage of business enhancement with strategic plans on raising capital, maximising potential and paving the way for long term growth. The sign up will help accelerate the phenomenal business potential that the company has envisaged not only within the United Arab Emirates, but pave the way for their entry into other GCC markets.



Sidra Capital has been entrusted with conducting the appropriate analysis on the business model, financial modelling and raising capital to enable U've Got Meal is able to scale up the business prospects. Initial studies by Sidra Capital have seen a marked interest not only at the consumer level, but also seen strong significant number of financers who understand the potential in the region.



"In just under a year since we started the health and wellness food program operations of U've Got Meal coupled with current trends we have understood the prospects and seen a rising demand for our services. We believe that the next step for the business is to focus on expansion. Our sign up with Sidra Capital promises to enable us to grow our business to the next level. We are confident that the systematic and strategic approach that will be provided by them will enhance our short-term and long-term business plans." said Ajay D'Almeida, Founder and CEO, U've Got Meal.



With increasing awareness and benefits of health and wellness, the food sector is currently experiencing a sizeable growth, thereby providing companies such as U've Got Meal the advantage of being able to capture the growing consumer demand. Providing customers with their specific requirements in healthy food, the convenience of the meals being delivered to their doorstep, maximising on tailor-made meal plans by the in-house dietician and more importantly the affordability of the meals provided by U've Got Meal places them in a strong position within this sector.



"On being approached by U've Got Meal to scale up their business, we found a perfect match in their business ethos, which go hand-in-hand with our own strategy of focusing on socio-economic development and improving the business potential of private and small businesses." said Ajay Arora, CEO, Sidra Capital (DIFC) Limited. "Our experience and the business itself has highlighted an increased demand for not just organic food consumption, but in general a complete understanding of the benefits of health and wellness programs by a larger section of the population. Whether it is food consumption, exercise programs, etc.,



The young and dynamic society in the UAE and the entire GCC makes it a lucrative area of business. We believe in this business and its long term sustainability". he added.



As the business expands Sidra Capital will remain an active partner in raising capital during the various stages of growth; based on the companys vision and long term goals. Infusion of capital at the right time will also help maintain growth by enabling the business to focus on providing excellent service and customer satisfaction. U've Got Meal generated over 800 prospects with an average overall conversion rate in the first year ranging from 11% to 42%



Currently, U've Got Meal health food program provides an easy option to start the health food program with three short steps. The process starts with online registration for a free body-weight analysis, an option to meet the dietician and finally a well developed choice of weekly healthy meals and menu options. Meal plans include a 20 day or 24 day plans available at AED 117/- per day which includes five pre-portioned bespoke servings. U've Got Meal provides an option of an advanced consultation at the dietician's clinic at a cost of AED 250/- and is applicable for two visits when clients sign up for a plan


About U’ve Got Meal
U've Got Meal is a health food program that has been launched in Dubai to meet the specific requirements of a large number of clients who can benefit from healthy eating habits. Designed to offer customized plans by a renowned in-house dietician, the program has long and short term options with varied menu plans. Easy to register, the company provides an interactive platform to ensure that there is on-going progress. Currently available only in Dubai, the company plans on taking the program to other parts of the UAE. More information on the registration, menu plans, etc. can be got on www.uvegotmeal.com or SMS / call "FIT" to 052 8772174 / Call 600 544402 (8am to 5 pm Sun to Thurs)About Sidra Capital (DIFC) Limited: Sidra Capital (DIFC) Limited is a fully owned subsidiary of Group Sidra LLC “ a conglomerate having focus in socio - economic developments of value enhancing in the private arena in the MENA region. The Group has extensive experience in development of large scale multi phased infrastructure projects with project budgets exceeding US 50 billion. Based in Dubai International Financial Centre (DIFC) and regulated by Dubai Financial Services Authority (DFSA), the company provides bespoke solutions with core objective to accumulate preserve and enhance client's wealth both personal and corporate. With the relationship approach, it provides unbiased advise for wealth management and investment banking, servicing small and medium corporates. Sidra Capital provides opportunities globally and across asset classes with a 360 degree experience of capital markets to clients. For further details, please visit http://www.sidracapital.com

 


MENAFN Press




  MENA News Headlines
 Jan 28 2015 - Gulf states to rethink monetary policyMENAFN
(MENAFN) Gulf Arab oil states may need to rethink longstanding economic policies, including their fixed exchange rates, over the next five to 10 years as economic cycles in the region and the US ...

 Jan 28 2015 - DIB picks arrangers for potential Tier 1 sukukKhaleej Times
(MENAFN - Khaleej Times) Dubai - Dubai Islamic Bank, or DIB, said on Tuesday that it picked eight banks to arrange roadshows from January 8 for a potential benchmark size dollar-denominated sukuk ...

 Jan 28 2015 - What next for Londonium and Barclays?Khaleej Times
(MENAFN - Khaleej Times) I have tried to visit Britain on the eve of every general election since the end of the Thatcher era (by Tory regicide, not the ballot box) in November 1990 in search of ...

 Jan 28 2015 - Emirates NBD - holding the banking fortKhaleej Times
(MENAFN - Khaleej Times) The banking industry looks set to sustain positive trends this year due to strong macroeconomic economic indicators, sufficient liquidity and low interest rates in the ...

 Jan 28 2015 - China pumps cash into banks in a bid to accelerate growthKhaleej Times
(MENAFN - Khaleej Times) Beijing - China's central bank has bolstered support for the cooling Chinese economy by injecting another 50 billion yuan ($8.1 billion) worth of short-term loans into banks ...

 Jan 28 2015 - Union National Bank posts 16% jump in annual earningsKhaleej Times
(MENAFN - Khaleej Times) People walking past a Union National Bank branch in Dubai. The total assets of the UNB Group increased by seven per cent in 2014 to Dh93.5 billion as at December 31, 2014. - ...

 Jan 28 2015 - Gulf Arab countries may need to rethink policy: Qatari bankerKhaleej Times
(MENAFN - Khaleej Times) Dubai - Gulf Arab oil states may need to rethink longstanding economic policies, including their fixed exchange rates, over the next five to 10 years as economic cycles in ...

 Jan 28 2015 - GCC retail sector on growth pathKhaleej Times
(MENAFN - Khaleej Times) Dubai - GCC retail sales are expected to grow at a 7.3 per cent compound annual growth rate (CAGR) between 2013 and 2018 to reach $284.5 billion, according to Alpen ...

 Jan 28 2015 - Dubai International airport crowned as world's busiestKhaleej Times
(MENAFN - Khaleej Times) The airport's passenger numbers boosted by 6.1 per cent to 70.5 million in 2014 and pushed the Heathrow down to the second position as London's top airport handled 68.1 ...

 Jan 28 2015 - Sharjah's Dh17.7b budget to ensure economic upliftKhaleej Times
(MENAFN - Khaleej Times) Sharjah - His Highness Dr Shaikh Sultan bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, on Tuesday approved the 2015 general budget of the emirate ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help