{"id":36517,"date":"2024-11-18T15:30:55","date_gmt":"2024-11-18T12:30:55","guid":{"rendered":"https:\/\/entarabi.com\/?p=36517"},"modified":"2024-11-20T00:59:07","modified_gmt":"2024-11-19T21:59:07","slug":"qara-raises-2-6-million-to-expand-operations-in-saudi-arabia","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2024\/11\/qara-raises-2-6-million-to-expand-operations-in-saudi-arabia\/","title":{"rendered":"Qara Raises $2.6 Million to Expand Operations in Saudi Arabia"},"content":{"rendered":"<p dir=\"ltr\">Egyptian startup <strong>Qara<\/strong>, specializing in supply chain technologies, has successfully secured <strong>$2.6 million<\/strong> in funding from a group of strategic investors. This funding comes as part of the company\u2019s ambitious plans to expand its operations into <strong>Saudi Arabia<\/strong>.<\/p>\n<h3 dir=\"ltr\"><strong>Ambitious Plans for Growth and Expansion<\/strong><\/h3>\n<p dir=\"ltr\">The company aims to utilize the funding to enhance its services and develop its technologies. In a recent media statement, <strong>Hassan Abouzeid<\/strong>, CEO of Qara, revealed that the company is preparing for a new funding round by <strong>Spring 2025<\/strong>, which will focus on product development and global market expansion.<\/p>\n<h3 dir=\"ltr\"><strong>Innovative Solutions for Supply Chain Optimization<\/strong><\/h3>\n<p dir=\"ltr\">Qara has developed a technological platform designed to help manufacturers <strong>verify product authenticity<\/strong> and improve supply chain efficiency. Its flagship product, <strong>&#8220;Asli<\/strong><span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">,&#8221; enables users to scan\u00a0<strong>QR codes<\/strong> to confirm product authenticity<\/span>, combating counterfeiting and building trust between manufacturers and consumers.<\/p>\n<h3 dir=\"ltr\"><strong>Company Achievements<\/strong><\/h3>\n<ul dir=\"ltr\">\n<li>Verified over <strong>28 million product units<\/strong> across key markets, including <strong>Egypt, Saudi Arabia, and Kenya<\/strong>.<\/li>\n<li>Connected manufacturers with over <strong>50,000 business users<\/strong>, strengthening its commercial partnerships and supporting supply chain operations.<\/li>\n<\/ul>\n<h3 dir=\"ltr\"><strong>Expansion Strategy<\/strong><\/h3>\n<p dir=\"ltr\">Qara\u2019s comprehensive growth strategy includes:<\/p>\n<ol dir=\"ltr\">\n<li><strong>Enhancing the platform\u2019s scalability<\/strong> to enter new markets.<\/li>\n<li>Expanding within the Gulf region, starting with <strong>the UAE<\/strong>, and targeting <strong>European and African markets<\/strong> in the future.<\/li>\n<li>Launching a <strong>new funding round in Spring 2025<\/strong> to support product development and international growth.<\/li>\n<\/ol>\n<h3 dir=\"ltr\"><strong>SaaS Model Driving Global Reach<\/strong><\/h3>\n<p dir=\"ltr\">Qara leverages the <strong>Software-as-a-Service (SaaS)<\/strong> model, allowing the company to offer its solutions without the need for a physical presence in its target markets. This model facilitates rapid expansion into new regions while reducing operational costs.<\/p>\n<p dir=\"ltr\">.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egyptian startup Qara, specializing in supply chain technologies, has successfully secured $2.6 million in funding from a group of strategic investors. This funding comes as part of the company\u2019s ambitious plans to expand its operations into Saudi Arabia. Ambitious Plans for Growth and Expansion The company aims to utilize the funding to enhance its services [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":36522,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810],"tags":[6311],"class_list":["post-36517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-qara-en"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/36517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=36517"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/36517\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/36522"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=36517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=36517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=36517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}