{"id":21371,"date":"2023-02-15T15:23:48","date_gmt":"2023-02-15T15:23:48","guid":{"rendered":"https:\/\/www.meretailnews.com\/?p=21371"},"modified":"2023-02-15T15:23:48","modified_gmt":"2023-02-15T15:23:48","slug":"retailo-grabs-36-million","status":"publish","type":"post","link":"https:\/\/www.meretailnews.com\/2023\/02\/15\/retailo-grabs-36-million\/","title":{"rendered":"Retailo grabs $36 million in Series A funding round\u00a0"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<span data-preserver-spaces=\"true\"><a href=\"https:\/\/retailo.co\/\" target=\"_blank\" rel=\"noopener\">Retailo<\/a>, a Saudi <a href=\"https:\/\/www.meretailnews.com\/2023\/02\/01\/groyyo-partners-with-seed-group-to-help-transform-mideast-retail\/\">B2B retail supply chain<\/a> digitalisation start-up, has scooped up $36 million in a Series A funding round, led by the Silicon Valley-based Graphene Ventures.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The Series A round saw participation from early-stage investor 500 Global, India\u2019s Agility Ventures, Saudi Arabian firm Aujan Group, Tech Invest Com and Mentor\u2019s Fund.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Partner at Graphene Ventures, Nabil A Borhanu, said: \u201cWe are impressed with what Retailo has achieved in an astonishingly short time. Their vision is both ambitious and inspiring and we believe that partnering with them is a sound business investment and also a chance to truly improve the lives of millions of people.&#8221;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The start-up intends to use the funding to expand into new geographies, verticals and products.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Founded in 2020 by Talha Ansari, Wahaj Ahmed and Mohammad Nowkhaiz\u2014 the former executives of the ride-hailing app Careem \u2014 Retailo has raised $45 million in less than 1,5 years since its inception.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The company operates a B2B community commerce platform which is used by more than 50,000 retailers monthly. Recently, Retailo began offering its sellers a cross-border distribution platform across the three biggest markets in the region: Saudi Arabia, the UAE and Pakistan.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In 2020, Retailo<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.dealstreetasia.com\/stories\/retailo-talon-esports-210978\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">\u00a0raised $2.3 million in a pre-seed round<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0led by Shorooq Partners- one of the largest pre-seed rounds across Mena, Afghanistan, and Pakistan.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Retailo enables small businesses to choose from a catalogue of more than 5,000 SKUs which are delivered to their doorsteps in less than 24 hours.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The business also offers BNPL services to provide flexible payment options and credit lines alongside data analytics services to sellers to help them evaluate sales performance and consumption trends.<\/span><\/p>\n<h3><\/h3>\n<h1><\/h1>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia-based B2B retail supply chain digitalisation start-up Retailo has bagged up $36 million in a Series A funding round to expand into new markets and verticals<\/p>\n","protected":false},"author":40,"featured_media":21372,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[154,1,4106],"tags":[4743,2683],"_links":{"self":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/21371"}],"collection":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/comments?post=21371"}],"version-history":[{"count":1,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/21371\/revisions"}],"predecessor-version":[{"id":21373,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/21371\/revisions\/21373"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media\/21372"}],"wp:attachment":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media?parent=21371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/categories?post=21371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/tags?post=21371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}