- Pickappo Closes $533K Pre-Seed Round to Accelerate On-Demand Delivery Infrastructure Development
- The funding round will support the development of digital infrastructure for the on-demand delivery sector across Saudi Arabia and the region.
- The investment will help enhance AI-powered on-demand delivery services while attracting top talent to support the sector’s growth.
Saudi-based technology platform Pickappo, which specializes in B2B rapid delivery solutions, has closed a SAR 2 million (approximately $533,035) Pre-Seed funding round with participation from an angel investor and an investment fund, whose identities were not disclosed.
The funding round is expected to support the development of digital infrastructure for the on-demand delivery sector across Saudi Arabia and the wider region through the Pickappo platform.
The company plans to utilize the investment to further develop its technology products, enhance its capabilities in artificial intelligence and automation, attract top talent, and expand its network of strategic partnerships.
The round comes at a time when Saudi Arabia’s logistics and digital commerce sectors are experiencing rapid growth.
Pickappo continues to invest in innovation and smart technologies under the leadership of its founding team, aiming to strengthen its presence in the Saudi market and solidify its position as a technology enabler for the on-demand delivery industry.
About Pickappo
Since its launch, Pickappo has successfully built an operational network comprising more than 100 logistics companies.
The platform has also established multiple technical integrations with ordering platforms, online stores, and restaurants, in addition to securing strategic partnerships with both local and international brands and signing agreements with government entities.
The company is led by Founder and CEO Waleed Ghoneim, who brings years of experience in the delivery applications and quick commerce sectors.
Ghoneim was involved in the early stages of building HungerStation before continuing his career journey with Nana.
Meanwhile, Co-Founder and Chief Technology Officer (CTO) Ahmed Siam has led the development of the platform and its scalable infrastructure, leveraging more than 15 years of experience in software engineering.
Commenting on the company’s vision, Waleed Ghoneim, Founder and CEO of Pickappo, said:
“Through my experience in the delivery sector, I realized that the real challenge was not creating a new application or launching another delivery company, but rather the absence of a technology infrastructure capable of connecting all stakeholders efficiently.”
He added:
“Pickappo does not compete with delivery companies or ordering applications, Instead, it builds the technology layer that enables them to work together through a unified and more flexible network.”.
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