Ahlan App Secures $3 Million Funding with $15 Million Valuation from Strategic Investors
Bahraini loyalty program Ahlan App has successfully completed its first investment round, securing $3 million at a valuation of $15 million. The round was fully subscribed and led by Hope Ventures, with additional participation from prominent private sector investor Al Rajhi Holdings and respected angel investors.
Launched in 2021, Ahlan is a loyalty program and delivery platform in Bahrain that rewards customer loyalty with cashback directly on its platform across dine-in, pick-up, and home delivery services.
Ahlan has garnered over 1,400 vendors and serves a customer base exceeding 200,000, providing them with over $10 million in cashback credit to date. The platform empowers Bahrain-based companies and vendors by furnishing them with robust analytics and actionable insights, facilitating data-driven decisions to optimize delivery operations, curtail costs, and elevate overall customer satisfaction.
This investment underscores Hope Ventures’ commitment to supporting promising Bahraini businesses and SMEs, aiming to foster value creation alongside forward-thinking founders. It aligns with Hope Ventures’ strategy of leveraging its extensive regional network and resources to fuel the growth of these businesses into new markets, thereby contributing to economic expansion and nurturing a vibrant business environment.
The funds raised will enable Ahlan to bolster its market presence, offering users and vendors a comprehensive platform for various services. This strategic initiative aims to deliver a seamless experience, allowing users to maximize savings while enjoying a range of services.
