Qaym is a Riyadh-based company whose main business can probably be best defined as an Arab version of Yelp. That’s because the main focus of the company is to solicit reviews of restaurants, bakeries, and cafes. In addition, those eating at such places are encouraged to offer a sense of the social atmosphere within each particular place. While its focus seeks to encompass the Arab market, especially within Saudi Arabia, future growth expectations are aimed at making it a worldwide entity.
The firm was founded by the duo of Jihad Alammar and Ziyad Alghannam, with the website that’s used as a conduit for those reviews first tested in beta form in 2007. The following year, Qaym was officially launched and by 2011, an app was created to take full advantage of the exploding mobile market. The popularity of that app is such that it’s become the most downloaded app within the Kingdom.
As with any 21st Century company, Qaym also has a social media component, which allows for debate that can sometimes achieve a more accurate consensus on the quality of the place in question. The opportunity to present photos of the place in question and the specific items sampled are also possible. Finally, it’s also set up to breed a better business-to-business relationship and allows those companies that are just beginning the opportunity to create immediate awareness.
The status of Qaym as a startup company has meant that funding for such growth first involved angel investors Nichola Eliovits and Abdulrahman Tarabzouni. Subsequently, National Net Venture, which specifically invests its capital on established web and mobile companies with growth potential, added additional funds. The timing of Qaym’s launch almost perfectly coincided with a greater adoption of the internet as a learning tool in the Arab world.