Rasmal
  • English
  • Home
  • News
    Doha skyline and traditional Qatari dhows in calm waters, framed by palm trees, symbolising Qatar’s stability, economic resilience, and strategic leadership in a volatile region.

    Stability Over Spectacle: Qatar’s Playbook for Regional Flashpoints

    Selected from over 850 applicants, the ninth cohort includes startups in fintech, AI, SaaS, and sustainability. Hosted by 500 Global and Sanabil Investments. Demo Day scheduled for July 2. - Rasmal

    Sanabil Accelerator by 500 Global Announces Ninth Cohort Ahead of July Demo Day in Riyadh

    Dubai-based Prop-AI secured $1.5 million from Plus VC, Oraseya Capital, and others to expand its AI-powered real estate platform across the MENA region. The startup plans to launch new tools for investors and professionals. - Rasmal

    Prop-AI Raises $1.5 Million to Build AI Infrastructure for Smarter Real Estate Investing Across MENA

    UAE’s MBRIF Accelerator Cohort 9 Demo Day Highlights Startups Driving Innovation Across Strategic Sectors-Rasmal

    UAE’s MBRIF Accelerator Cohort 9 Demo Day Highlights Startups Driving Innovation Across Strategic Sectors

    Standard Chartered and Falak Investment Hub Launch Third ‘Women in Tech’ Cohort in Saudi Arabia

    Standard Chartered and Falak Launch Third ‘Women in Tech’ Cohort in Saudi Arabia

    Trending Tags

    • FinTech
  • Resources
    The 2025 State of Marketing Report

    The 2025 State of Marketing: Navigating the AI-First Business Landscape

    Kuwait Image

    How to Start an Online Business in Kuwait: Step-by-Step Guide

    Investors in Kuwait for Startups

    Top 10 Investors in Kuwait for Startups | Best Angel & VC Firms

    Online Business

    How to Start an Online Business in Oman: A Complete Guide

    Oman Map

    Business Ethics in Oman: Bridging Tradition, Religion, and Modern Corporate Governance

  • Companies
  • About us
No Result
View All Result
Contact us
Rasmal
  • English
  • Home
  • News
    Doha skyline and traditional Qatari dhows in calm waters, framed by palm trees, symbolising Qatar’s stability, economic resilience, and strategic leadership in a volatile region.

    Stability Over Spectacle: Qatar’s Playbook for Regional Flashpoints

    Selected from over 850 applicants, the ninth cohort includes startups in fintech, AI, SaaS, and sustainability. Hosted by 500 Global and Sanabil Investments. Demo Day scheduled for July 2. - Rasmal

    Sanabil Accelerator by 500 Global Announces Ninth Cohort Ahead of July Demo Day in Riyadh

    Dubai-based Prop-AI secured $1.5 million from Plus VC, Oraseya Capital, and others to expand its AI-powered real estate platform across the MENA region. The startup plans to launch new tools for investors and professionals. - Rasmal

    Prop-AI Raises $1.5 Million to Build AI Infrastructure for Smarter Real Estate Investing Across MENA

    UAE’s MBRIF Accelerator Cohort 9 Demo Day Highlights Startups Driving Innovation Across Strategic Sectors-Rasmal

    UAE’s MBRIF Accelerator Cohort 9 Demo Day Highlights Startups Driving Innovation Across Strategic Sectors

    Standard Chartered and Falak Investment Hub Launch Third ‘Women in Tech’ Cohort in Saudi Arabia

    Standard Chartered and Falak Launch Third ‘Women in Tech’ Cohort in Saudi Arabia

    Trending Tags

    • FinTech
  • Resources
    The 2025 State of Marketing Report

    The 2025 State of Marketing: Navigating the AI-First Business Landscape

    Kuwait Image

    How to Start an Online Business in Kuwait: Step-by-Step Guide

    Investors in Kuwait for Startups

    Top 10 Investors in Kuwait for Startups | Best Angel & VC Firms

    Online Business

    How to Start an Online Business in Oman: A Complete Guide

    Oman Map

    Business Ethics in Oman: Bridging Tradition, Religion, and Modern Corporate Governance

  • Companies
  • About us
No Result
View All Result
Rasmal
No Result
View All Result
Retailo team with logo

Sary and Retailo raises $37.2 million combined in a fresh round of funding

Sary and Retailo, which provide logistics and retailing services for small businesses, have received a combined $37.2 million in private equity funding

Team RasmalbyTeam Rasmal
July 8, 2022
in Funding, News, Startup
0
Share on FacebookShare on Twitter

Sary received $30.5 million from VentureSouq in a Series B financing, while Retailo received $6.7 million from Shorooq Partners in a seed round.

Sary received $30.5 million from VentureSouq in a Series B financing, while Retailo received $6.7 million from Shorooq Partners in a seed round.

You might also like

Doha skyline and traditional Qatari dhows in calm waters, framed by palm trees, symbolising Qatar’s stability, economic resilience, and strategic leadership in a volatile region.

Stability Over Spectacle: Qatar’s Playbook for Regional Flashpoints

June 24, 2025
Selected from over 850 applicants, the ninth cohort includes startups in fintech, AI, SaaS, and sustainability. Hosted by 500 Global and Sanabil Investments. Demo Day scheduled for July 2. - Rasmal

Sanabil Accelerator by 500 Global Announces Ninth Cohort Ahead of July Demo Day in Riyadh

June 20, 2025

Two rival Saudi business-to-business online marketplaces for retailers in the Middle East, North Africa, and Pakistan (MENAP) digitising the region’s retail supply chains have announced funding, indicating that the region’s start-ups are attracting more attention. 

According to a press statement from Sary, the company raised $30.5 million in a Series B investment headed by VentureSouq and joined by new investors Rocketship. Vc and STV from the United States. 

Meanwhile, Ra’ed Ventures, MSA Capital, and Derayah, all existing stockholders, contributed to the investment round.

Retailo said in a separate news release that it had secured $6.7 million in a seed round led by existing investor Shorooq Partners and UK private equity firm Abercross Holdings. After only nine months in business, Retailo, which former Careem executives created, has raised $9 million.

In the Middle East and North Africa, retailo is a $500 billion industry with over 10 million small companies serving a population of over 700 million people. 

The majority of this industry, however, is unorganised and undigitised. As a result, small enterprises must rely on inefficient supply chains and limited financial resources to make ends meet while operating on unrealistic margins. 

Retailo aspires to be a champion for small business owners by developing a portfolio of solutions specifically for them. They accomplished this using the company’s B2B community commerce platform, which is used by over 50,000 shops every month.

Small businesses can browse over 5,000 SKUs on Retailo’s mobile platform, delivered to their door in less than 24 hours. They can also take advantage of buy-now-pay-later (BNPL) financing, which will help them grow their firm dramatically.

Sary intends to use the funds to extend its geographic reach and services, including credit offers. Sary is the more established company, having launched in 2018, although both provide a platform that connects small businesses with wholesalers and fast-moving consumer goods (FMCG) companies.

VentureSouq Co-Founder and General Partner Suneel Gokhale said: “In Sary’s, we see this move into credit as immediately contributing to top-line growth, broadening revenue streams, and improving unit economics for a strong, proven vertical-specific technology firm.”

Since the pandemic, the entire digital ecosystem that we predicted would happen in ten years has transpired in months, indicating that everything digital is growing exponentially. Everything connected to the internet is exploding. So there’s a lot of new money and many new businesses.

Retailo’s Head of Strategy, Himag Vaidya, stated: “From the start, the multi-market strategy was unorthodox and tough. It was made even more so with Covid. Retailo is now a scalable organization with annualised revenue in the hundreds of millions of dollars and colleagues from a variety of ethnicities and backgrounds who have left leading institutions such as Amazon, Delivery Hero, and Goldman Sachs to fulfil Retailo’s goal is to build technology that empowers 10 million retailers in the region.”

There’s an influx of money in the market right now. Sovereign wealth funds are starting to invest in and seed more VCs, and indeed, there is a valuation bubble.”

According to Fadi Ghandour, CEO of venture capital firm Wamda, a rush to fund digital start-ups in the Middle East risks creating a valuation bubble.

According to Wamda data, 44 start-ups in the Middle East and North Africa raised more than $175 million last month, increasing $5 million from March. 

Tamara, a buy-now-pay-later platform based in Riyadh, raised $110 million in Series A financing supported by renowned global payment processor MasterCard. 

Thanks to that deal, Saudi Arabia topped the list regarding the quantity and value of start-up investments for the first time.

Tags: FundingNewsSary and Retailo
Previous Post

Seven Things You Must Do To Get Right Team To Launch Your Startup

Next Post

Saudi EdTech AlGooru Looks to Broaden its Horizons by Acquiring ChillLearn

Team Rasmal

Team Rasmal

Team Rasmal, your go-to source for the latest in business, technology, and startup news in the MENA region. Our dedicated writers bring you insightful stories, covering everything from emerging startups to tech innovations. Stay ahead with Team Rasmal for top business trends and startup success stories.

Related Posts

Doha skyline and traditional Qatari dhows in calm waters, framed by palm trees, symbolising Qatar’s stability, economic resilience, and strategic leadership in a volatile region.

Stability Over Spectacle: Qatar’s Playbook for Regional Flashpoints

byTeam Rasmaland1 others
June 24, 2025
0

As regional tensions briefly intensified on Monday evening, 23 June, following a missile strike by Iran targeting U.S. military installations...

Selected from over 850 applicants, the ninth cohort includes startups in fintech, AI, SaaS, and sustainability. Hosted by 500 Global and Sanabil Investments. Demo Day scheduled for July 2. - Rasmal

Sanabil Accelerator by 500 Global Announces Ninth Cohort Ahead of July Demo Day in Riyadh

byTeam Rasmal
June 20, 2025
0

Nine early-stage startups selected from over 850 applicants to pitch at exclusive Demo Day in Riyadh The Sanabil Accelerator, a...

Dubai-based Prop-AI secured $1.5 million from Plus VC, Oraseya Capital, and others to expand its AI-powered real estate platform across the MENA region. The startup plans to launch new tools for investors and professionals. - Rasmal

Prop-AI Raises $1.5 Million to Build AI Infrastructure for Smarter Real Estate Investing Across MENA

byTeam Rasmal
June 20, 2025
0

Backed by Plus VC, Oraseya Capital, and Plug & Play, Dubai-based startup eyes regional expansion and launch of Prop-AI Business...

UAE’s MBRIF Accelerator Cohort 9 Demo Day Highlights Startups Driving Innovation Across Strategic Sectors-Rasmal

UAE’s MBRIF Accelerator Cohort 9 Demo Day Highlights Startups Driving Innovation Across Strategic Sectors

byTeam Rasmal
June 20, 2025
0

Aura, Mantas, and Neuroblast recognised as top performers at MBRIF’s latest showcase of UAE-based and global innovators The Mohammed Bin...

Next Post
Saudi EdTech AlGooru Looks to Broaden its Horizons by Acquiring ChillLearn

Saudi EdTech AlGooru Looks to Broaden its Horizons by Acquiring ChillLearn

digital presence

How to elevate your digital presence to get customers for your startup

Google Analytics

How Google Analytics Make Business Better?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Rasmal-Logo

Startup Enabler | Innovation Connector | MENA Media Spotlight

Read Middle East Business and Startup news on Google News - Rasmal

About Rasmal

  • About us
  • Advertising
  • Journalism Ethics
  • Privacy Policy
  • Contact
  • Careers

Ecosystem Engagement

  • Submit News
  • Startup Resources
  • Thought Leaders
  • Companies
  • Services
  • Reports

Newsletter

Stay Updated with the Latest from MENA's Startup Scene!

Don't miss a beat – subscribe now!

All Rights reserved © 2025 Rasmal - Managed by BrainyForce.

No Result
View All Result
  • Home
  • News
  • Resources
  • Companies
  • Careers
  • Submit Press Release
  • Share Your Expertise
  • About us
  • en English
  • ar العربية

All Rights reserved © 2025 Rasmal - Managed by BrainyForce.

  • English