Hope Ventures, the investment arm of Hope Fund, announces its investment in two Bahrain-based businesses, Right Calories, and Motolines, through the sixth episode of the entrepreneurship-themed reality television show and the region’s 1st private-public investment platform ‘Beban.’
Through Beban, ‘Right Calories’ a Bahrain-based healthy restaurant that provides accurately calculated nutrition, high quality, and affordable meals through A La Carte, meal plan & prep, and catering services, founded by Abdulla Sulaibeekh, fundraised USD 265k from Hope Ventures. While ‘Motolines’, an e-commerce platform connecting customers with vendors in the automotive parts and services industries, represented by Co-Founder and CEO Ahmed Ashoor, fundraised USD 82k, also from Hope Ventures.
As an investment firm, Hope Ventures invests in scalable businesses that are deeply rooted in their commitment to building value with forward-thinking founders who revolutionize their respective sectors. The firm offers strategic capital to accelerate the growth of its portfolio companies to new markets through its vast resources of private and public partners as well as a regional network of industry-expert mentors.
On Beban, Hope Ventures is represented by H.E. Aymen bin Tawfiq Almoayed, Chairman of Hope Fund, who also moderates the episode. Hope Ventures’ investment in both businesses reflects its commitment to investing in founders who demonstrate knowledge of their industries with clear aspirations and plans to grow and expand on a regional level.
Abdulla Sulaibeekh, Founder of Right Calories, commented on their investment by saying: “Beban was more than a reality show to us. It has been a holistic growth experience, starting from the bootcamp up to the show, where we received valuable specialized training that helped develop our business leading up to pitching on the show. We are honored to have been trusted by Hope Ventures to invest in our business and be part of our journey to transform communities into health cautious communities, expand Right Calories across the GCC, and cater to all age categories.”
Also commenting on their successful fundraising, Ahmed Ashoor, Co-Founder and CEO of Motolines, shared: “We, at Motolines, are thrilled to be one of the businesses granted the opportunity to participate in Beban. The experience is inspirational in every aspect, and the benefits from the program go beyond mere funding, extending to the development and refinement of entrepreneurial skills through tailored training programs. Today, with Motolines securing investment, we can expand our scope and embark on the entrepreneurial journey in regional markets, reaching out to the global arena.”
It is noteworthy to mention that the Beban TV show is the region’s 1st private-public investment platform through its formed partnerships with Khalifa Fund for Enterprise Development (UAE), the SME Development Authority (Oman), GFH Capital (KSA), Zain Kuwait and Sabah Al Ahmad Center for Giftedness and Creativity (Kuwait), and the Labor Fund Tamkeen (Bahrain).
Beban season 3 was filmed in the Middle East’s newest exhibition and convention center, Exhibition World Bahrain (EWB), and showcases 41 businesses from across the MENA region as they pitch in front of a panel of regional, reputable investors for equity investment and strategic business development opportunities that can accelerate the growth of these businesses into new markets.
A new episode of Beban will air every Wednesday of this month. You can watch the next episode airing on February 14th, 2024, on Bahrain TV at 6 PM (+3GMT), Oman TV Cultural at 9:10 PM (+3GMT), AlRai TV at 9:30 PM (+3GMT), SBC Channel at 10 PM (+3GMT), Saturday at 5:30 PM (+3GMT) on Abu Dhabi TV, or anytime on Shahid.
To stay up to date with Beban, make sure you follow the show’s accounts on social media @bebanme.
