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Retailo Concludes Seed Round, Secures $9 Million Total Investments Within 9 Months Of Operations Only nine months into operations, Retailo has successfully closed a $6.7 million seed investment round, the largest seed capital raised by a Saudi startup. This brings the total investments raised by Retailo, the fastest-growing B2B services platform in MENAP, to $9 million. Retailo’s pre-seed funding of $2.3 million in October 2020, led by Shorooq Partners, was also the largest ever pre-seed round raised by a Saudi start-up. Headquartered in Riyadh, Retailo was founded in 2020 by former Careem ...

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 la...