Moroccan superapp ORA Technologies and Azur Innovation Fund have acquired Cathedis, a leading e-commerce logistics and last-mile delivery company, in what marks the first consolidation between Moroccan startups financed entirely with local capital. The deal brings together two venture-backed companies in a move that strengthens ORA’s position across fintech, foodtech, and logistics.
Founded in 2023 by Omar Alami, ORA offers an integrated app combining peer-to-peer payments, e-commerce, on-demand services, and a forthcoming digital wallet. The company raised $7.5 million in Series A funding from Azur Innovation Fund in July, one of the largest locally led rounds by a Moroccan startup. With Cathedis joining its network, ORA adds delivery and logistics capabilities to its platform, extending its reach across the full e-commerce chain.
“We’re not just building apps; we’re building infrastructure to make e-commerce accessible to everyone,” said Alami. “Cathedis fits perfectly into this vision of a connected and efficient digital Morocco.”
For Azur Innovation Fund, the acquisition reflects growing depth in the local startup ecosystem. “Moroccan startups are now reaching the stage where collaboration and consolidation can create real scale,” a fund spokesperson said.
The deal also represents a rare liquidity event between Moroccan startups. Beltone Venture Capital, which had invested in Cathedis, exited as part of the transaction, achieving a 100% internal rate of return (IRR). Beltone, a subsidiary of Beltone Holding, manages $50 million in assets and has built a portfolio of 21 technology-driven companies across the MENA region.
By acquiring Cathedis, ORA gains a strategic foothold in logistics, enabling it to manage digital payments, merchant engagement, and delivery from a single platform. The transaction highlights the increasing ability of local investors to fund and scale startups domestically, without relying on international capital.
