Q-commerce startup Ninja closes a Pre-SEED round led by Bunat Ventures, alongside multiple VCs from the region, the USA, and family offices in Saudi. Ninja is a technology start-up company founded and operated in the Kingdom of Saudi Arabia, specializing in the quick commerce space.
Bunat Ventures is a regional venture builder VC with a focus on Saudi Arabia. Commenting on the deal, Khaled Zainalabedin & Khalid Saad, cofounders and Managing Partners of Bunat Ventures, “As a venture builder, we look for and support teams who are passionate about technology and empowering change in the Kingdom of Saudi Arabia. Our objective is to invest and set up value-added startups that would become leading players within Saudi Arabia and be positive contributors to Vision 2030. We are proud of the progress of Ninja’s team, both on the development of the technology, building the dark stores in record time, deployment of the teams and becoming live in three major regions of the Kingdom.”
Users of the app benefit from access to thousands of items from fresh produce to skincare, beauty, and pet food. Chadi Hajjar, cofounder and Chief Investment Officer of Bunat Ventures, said, “The Innovation Ecosystem of our region and Saudi specifically is healthily growing, we keep striving to be the first in of best-led startups, building from ideation to going live is exciting, especially when the team is getting things done for a reason, leading for impacting.”
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Last Updated on August 30, 2023 by Safiya K
