Saudi E-commerce Startup Retailo Raises Record $6.7M Seed …

May 10, 2021 · The funds come less than a year after Retailo raised $2.3 million in a pre-seed round, bringing the E-commerce marketplace startup’s total financing to $9 million. Tuesday …

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Saudi E-commerce Startup Retailo Raises Record $6.7M Seed …

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May 10, 2021 · The funds come less than a year after Retailo raised $2.3 million in a pre-seed round, bringing the E-commerce marketplace startup’s total financing to $9 million. Tuesday …

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Saudi Startup Retailo Concludes Seed Round, Secures $9 Million …

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May 8, 2021 · · Largest seed round for a Saudi start-up · Led by Shorooq Partners and Abercross Holdings, joined by AgFunder, and Arzan Venture Capital Riyadh, Saudi Arabia, May 6, 2021 …

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Saudi Startup Retailo Concludes Seed Round, Secures $9 Million …

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May 8, 2021 · 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 …

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Media - Retailo App - B2B Marketplace For Retailers

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May 20, 2021 · Saudi Startup Retailo Acquires E-Commerce Platform DXBUY. stories | May 20, 2021. Saudi startup Retailo closes $9m in seed funding ... 2021. SAUDI E-COMMERCE …

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Retailo Concludes Seed Round, Secures $9 Million Total …

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May 6, 2021 · 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 …

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Retailo Secures $6.7 Million In A Seed Round - WAYA

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May 6, 2021 · Retailo is set to become a major regional player in the B2B E-commerce space. It has expanded to two key markets in the MENAP region since it was founded in 2020. ...

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Saudi Startup Retailo Closes $9mln In Seed Funding - ZAWYA

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May 20, 2021 · This brings the total investments raised by Retailo, the fastest growing B2B services platform in MENAP (Middle East, North Africa, Afghanistan and Pakistan), to $9 …

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Saudi Startup Retailo Closes $9m In Seed Funding | Arab News PK

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May 20, 2021 · 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 …

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Why Did Retailo Raise A Phenomenal Seed Round?

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May 9, 2021 · Retailo’s seed round In October 2020, Retailo raised $2.3 million in what was also then the largest pre-seed round as claimed by the startup. Seven months later, on May 6, …

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Retailo Raises $6.7 Million Seed Round - ومضة - Wamda.com

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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 …

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Retailo Raises $2.3 Million Pre-seed For Its B2B Ecommerce …

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Oct 12, 2020 · Riyadh-headquartered B2B ecommerce startup Retailo has come out of stealth today with the announcement of $2.3 million in a pre-seed round led by Abu Dhabi-based …

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Retailo Raises $6.7 Million Seed Round - Wamda

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May 6, 2021 · 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 …

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FAQs about Saudi E-commerce Startup Retailo Raises Record $6.7M Seed … Coupon?

How much did Retailo raise for a Saudi startup?

Riyadh-headquartered B2B ecommerce marketplace Retailo has raised $6.7 million in the largest seed-round-ever for a Saudi startup, it announced today. The deal comes just seven months after Retailo raised $2.3 million in what was one of the largest pre-seed rounds of the region. ...

Is e-commerce growing in Saudi Arabia?

Yet, despite exceptional growth, Saudi Arabia’s e-commerce is still in a nascent phase. In 2020, it accounted for just 6% 26 of total retail sales, compared to leading e-commerce markets, whose global penetration reached 18% 27 in 2020 (see exhibit 5). ...

Why are e-commerce start-ups difficult in Saudi Arabia?

This difficulty in opening e-commerce start-ups in Saudi Arabia is largely due to a lack of regulations and business frameworks in the kingdom. This lack makes it difficult to locate reliable shipping services, ascertain that a website is in accordance with Saudi law, or pay customs. ...

How much money did Retailo get in a pre-seed funding round?

The startup also secured $2.3m in a pre-seed funding round in October 2020. With the new investment, Retailo's total has reached $9m within nine months of starting operations, the startup said. ...

Is Retailo a B2B marketplace?

Retailo, a Saudi Arabia-based B2B marketplace has successfully closed a $6.7M Seed investment round, co-led by Shorooq Partners and Abercross Holdings, with participation from AgFunder and Arzan Venture Capital. ...

Who backed Retailo?

Retailo is backed by the Shorooq Partners, which led both funding rounds, as well as Abercross Holdings in the UK, AgFunder from Silicon Valley, and Arzan Venture Capital which is based in the Middle East. Besides this, the seed round brought together a "strong investor base with deep regional roots and a strong global reach," the startup said. ...