Saudi retail enablement company Zid raises $50m in Series B funding
The proceeds will be used by Zid to expand into new markets in Saudi Arabia and in the region
Source: gulfbusiness.com
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Zid raises $50 million Series B round led by IMPACT46
Saudi Arabia-based e-commerce enabler Zid, has raised $50 million in Series B funding, led by IMPACT46 with participation from new...
Source: wamda.com
E-commerce's next wave of growth is in B2B
E-commerce's next wave of growth is in B2B When Sultan Alasmi co-founded Zid, an e-commerce enablement platform based in Saudi Arabia back in 2017, he was repeatedly met with rejections. Few retailers in the country at the time were interested in selling online and Alasmi’s offering was, to them, uneccessary. He and his co-founder Mazen AlDarrab launched Zid with just six companies, setting up their online stores and integrating them with payment, warehousing and delivery providers. But now after a year of lockdowns, a pandemic and a fundamental shift in consumer shopping habits, the compan...
Source: wamda.com