As Mealato grew, it faced challenges in expanding its operations and managing inventory to meet the increasing demand for its products.

The Challenge: Expanding Operations and Managing Inventory

Mealato’s rapid growth created a need for more inventory and infrastructure. The company faced pressure to scale its operations—adding more kitchen space, vehicles, and equipment—while managing its inventory efficiently. With increased demand, the company needed extra financing to keep up with the fast-paced expansion.

“We needed to scale quickly, adding more space, equipment, and a larger fleet to keep up with demand. Finding a partner who could support us was crucial to our growth.” - Karthik Packrisamy, Founder & CEO

The Solution: Flexible Financing with erad

Mealato turned to erad for a tailored financing solution to help manage its growth. With three separate financing facilities totaling AED 1,000,000, erad provided the funds to expand the company’s fleet, kitchen space, and inventory. The financing allowed Mealato to maintain its high standards while scaling rapidly.

“erad's personalized approach stood out. The financing matched our needs and gave us the flexibility to grow at the pace we wanted.” - Karthik Packrisamy, Founder & CEO

How Mealato Used the Financing

Mealato used the financing in key areas to support its growth:

- Expanding the fleet to handle more deliveries.

- Increasing kitchen space to meet higher demand.

- Streamlining inventory management to improve efficiency.

“The financing allowed us to open up new areas, expand our operations, and improve our customer service.” - Karthik Packrisamy, Founder & CEO

The Results:

With the help of erad’s flexible financing, Mealato achieved a 70% increase in revenue in the second half of 2024 compared to the first half. This growth was driven by the successful expansion of its operations and inventory.

“Our revenue grew by 70% in the second half of 2024, thanks to the support from erad. We were able to scale our operations effectively and meet the increasing demand.” - Karthik Packrisamy, Founder & CEO

Mealato’s success story shows how tailored financing solutions can help businesses manage growth and overcome operational challenges. With erad’s support, Mealato expanded its fleet, improved its infrastructure, and achieved impressive revenue growth.

Ready to Grow Your Business?

If Mealato’s story resonates with your business goals, consider how erad’s financing solutions can help you achieve similar success.