{"id":62997,"date":"2026-04-17T03:47:50","date_gmt":"2026-04-17T00:47:50","guid":{"rendered":"https:\/\/entarabi.com\/?p=62997"},"modified":"2026-04-17T04:19:59","modified_gmt":"2026-04-17T01:19:59","slug":"nana-from-saudi-arabias-biggest-funding-rounds-to-the-courtroom","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2026\/04\/nana-from-saudi-arabias-biggest-funding-rounds-to-the-courtroom\/","title":{"rendered":"Nana: From Saudi Arabia\u2019s Biggest Funding Rounds to the Courtroom"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/bankruptcy.mci.gov.sa\/ar\/Announcements\/Pages\/announcementDetails.aspx?AdID=8162\" data-type=\"link\" data-id=\"https:\/\/bankruptcy.mci.gov.sa\/ar\/Announcements\/Pages\/announcementDetails.aspx?AdID=8162\" rel=\"nofollow noopener\" target=\"_blank\">Bankruptcy trustee Majed bin Munir Al-Nimr<\/a> has announced the opening of financial reorganization proceedings for the grocery delivery app Nana before the Commercial Court in Riyadh.<\/li>\n\n\n\n<li>The Riyadh Commercial Court has invited creditors to submit their claims within 90 days.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The financial reorganization process provides an opportunity for restructuring and continuity for the Nana platform.<\/li>\n<\/ul>\n\n\n\n<p dir=\"ltr\"><a href=\"https:\/\/bankruptcy.mci.gov.sa\/ar\/Announcements\/Pages\/announcementDetails.aspx?AdID=8162\" data-type=\"link\" data-id=\"https:\/\/bankruptcy.mci.gov.sa\/ar\/Announcements\/Pages\/announcementDetails.aspx?AdID=8162\" rel=\"nofollow noopener\" target=\"_blank\">Bankruptcy trustee Majid bin Munir Al-Namir <\/a>has announced the opening of financial reorganization proceedings for Central Markets Company , the company behind the \u201cNana\u201d grocery delivery app \u2014 before the Commercial Court in Riyadh. All creditors have been called to submit their claims within 90 days.<\/p>\n\n\n\n<p dir=\"ltr\">Founded in 2016, Nana raised over $200 million across five funding rounds. <\/p>\n\n\n\n<p dir=\"ltr\">The most notable was a $133 million Series C led by Kingdom Holding \u2014 the investment arm of Prince Alwaleed Bin Talal\u2014 and Uni-Ventures, making it one of the largest rounds ever raised by a Saudi startup.<\/p>\n\n\n\n<p dir=\"ltr\">&nbsp;But the capital wasn\u2019t enough to shield the company from rising operational costs and a brutal price war.<\/p>\n\n\n\n<p dir=\"ltr\">Crucially, financial reorganization is not liquidation \u2014 it\u2019s an opportunity to restructure debt and continue operating.<\/p>\n\n\n\n<p dir=\"ltr\">That\u2019s what sets Nana apart from Shgardi, which shut down completely after completing 7 million orders and serving 3 million customers across 35 cities, citing fierce competition and predatory pricing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bankruptcy trustee Majid bin Munir Al-Namir has announced the opening of financial reorganization proceedings for Central Markets Company , the company behind the \u201cNana\u201d grocery delivery app \u2014 before the Commercial Court in Riyadh. All creditors have been called to submit their claims within 90 days. Founded in 2016, Nana raised over $200 million across [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":62993,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1813],"tags":[12140,5922,12138,12139],"class_list":["post-62997","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transportation","tag-majid-bin-munir-al-namir","tag-nana","tag-prince-alwaleed-bin-talal","tag-uni-ventures"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/62997","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=62997"}],"version-history":[{"count":2,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/62997\/revisions"}],"predecessor-version":[{"id":63000,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/62997\/revisions\/63000"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/62993"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=62997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=62997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=62997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}