/PRNewswire/ Retailo, the fastest growing startup in Middle East, North Africa, and Pakistan (MENAP) which is digitizing the region s retail supply chains,.
Retailo raises $6.7 million seed round
Saudi Arabia-based B2B e-commerce marketplace Retailo, has raised a $6.7 million seed round, co-led by Shorooq Partners and Abercross Holdings, with participation from AgFunder and Arzan Venture Capital.
Co-founded in 2020 by Talha Ansari, Mohammad Nowkhaiz and Wahaj Ahmed, Retailo provides a one-stop-shop for SMEs and small retailers, enabling them to discover and procure products for their stores.
The startup will utilise the investment to expand its reach in existing markets, grow its team, and enhance its product.
In October, a month after its launch, Retailo raised $2.3 million in a pre-seed round, led by Shorooq Partners, with participation from 500 Startups and 92-Ventures.