Livspace, a home and interior platform, has teamed with the Alsulaiman Group, a Saudi Arabia-based retail giant, to strengthen its operations in the Middle East. The two companies are investing $50 million together to fuel expansion.
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Salasa, a technology fulfilment company in Saudi Arabia that handles orders for e-commerce companies, raised $8.6 million in a Series A funding round featuring Saudi Venture Capital Company and 500 Startups.
The fundraising into Salasa was led by Jeddah-based AlSulaiman Group, which already has investments in a number of sectors including retail, logistics, hospitality, financial services and e-commerce.
The investment will help the company to grow its network of partners and expand its services across Saudi Arabia and the wider Gulf region.
“We are excited to have partnered with leading investors in the region and look forward to their valuable advice and support in backing our growth,” Abdulmajeed Alyemni, Salasa’s co-founder and chief executive, said.
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