Haat Raises $20M at $100M Valuation to Challenge Wolt in Tel Aviv Food Delivery Market

Israeli food delivery startup Haat has closed a $20 million funding round, achieving a $100 million post-money valuation.

The capital injection will primarily support Haat's aggressive expansion into the Tel Aviv metropolitan area, directly challenging dominant player Wolt.

Origins in Underserved Communities

Founded in 2020 by Hasan Abasi and Ali Ayoub, former Google colleagues, Haat began operations in northern Israel's Arab towns around Haifa.

The platform innovatively solves key barriers like absent street addresses and cash-only preferences in these regions.

From humble beginnings with 9 restaurants and 5 couriers, Haat now boasts 3,000 partners and 5,000 drivers, alongside 300 employees.

Strong Investor Support Fuels Growth

Backers include high-profile investors such as Sir Ronald Cohen, Nvidia's Amit Krig, Eyal Waldman, and funds like F2 and NFX.

This round builds on prior funding, enabling Haat to scale operations amid Israel's competitive delivery landscape.

Market Impact and Future Expansion

Entry into Tel Aviv promises heightened competition, potentially lowering prices and improving services for consumers.

Looking forward, Haat plans international growth into Europe and Africa, targeting similar underserved markets.

By empowering local economies and promoting tech inclusivity, Haat exemplifies Israel's vibrant startup ecosystem.