Retailo, Saudi Arabia’s leading B2B digital distribution company, has successfully raised $15 million in funding to enhance its current operations, diversify into new verticals, and strengthen its presence within the Kingdom.<\/p>\n
The unique approach chosen by Retailo in B2B digital distribution in Saudi Arabia continues to grow and attract investors.<\/p>\n
The latest investment comes from a range of new strategic investors, including Bahrain’s Yusuf Bin Kanoo Group and Dubai-Based Technology Group, Majd Digital, alongside existing investment partners such as Saudi Conglomerate Aujan Group Holdings, Shorooq Partners, Abercross Holdings, Graphene Ventures, and others.<\/p>\n
The new funding is accompanied by significant strategic collaborations, including a technology distribution partnership with Dtonic, a leading South Korean data solution company.<\/p>\n
With the newly available funds, Retailo plans to expand within KSA, with the goal of significantly enlarging its customer and supplier network. The expansion comes through the digital distribution platform, a plug-and-play solution for suppliers to distribute their products across the Kingdom, leveraging Retailo’s extensive customer network and taking advantage of its distribution muscle.<\/p>\n
Retail in the Kingdom of Saudi Arabia is a $100 billion industry consisting of over 100,000 businesses serving a population of more than 35 million consumers. Retailo aims to digitize and transform the retail supply chain and continue its growth in KSA.<\/p>\n
Today, Retailo’s network comprises thousands of retail partners and restaurants in KSA and has 200+ leading local, regional, and global brand partners on its platform.<\/p>\n
In the past year alone, Retailo has seen great traction for its plug-and-play distribution platform from global brands looking to enter and distribute seamlessly across the Kingdom.<\/p>\n
Earlier this year, as part of the Saudi-Korean Investment Forum hosted by the Ministry of Investment, Retailo announced its technology distribution partnership with Dtonic that enables businesses to achieve efficiency and scale using its unique AI-powered retail technology.<\/p>\n
Talha Ansari, Retailo’s Founder and CEO, on Retailo’s journey: “Since Retailo’s inception, our objective has been clear: to forge a seamless digital distribution network for every business.<\/p>\n
After three years of dedicated effort, we’re witnessing the evolution towards an all-digital distribution landscape, making Retailo a key player in shaping the future of the Saudi Retail Economy contributing to the Kingdom’s Vision 2030 initiatives.”<\/p>\n
Yousef Albabtain, Principal and Saudi Country Manager at Shorooq Partners, added: “We are very proud of Retailo’s dynamic leadership and agility to transform one of the largest traditional sectors in the Kingdom of Saudi Arabia.<\/p>\n
Retailo’s advanced tech capabilities are a driving force behind their continued growth in the Kingdom, and their ability to become a partner of choice in the retail space.<\/p>\n
As the Company continues to build on its profitable growth track, we are excited to continue backing the leading tech-enabled B2B distribution company in Saudi and witnessing the new phase of growth within the Kingdom.”<\/p>\n
Retailo is a digital distribution platform for micro-retailers and restaurants that opens up access to 5000+ SKUs with next-day delivery and a plug-and-play solution for suppliers to distribute their products, leverage Retailo’s huge network of retailers, restaurants, and its distribution muscle across Saudi Arabia.<\/p>\n
Headquartered in Riyadh, Retailo was founded by former Careem and Mckinsey experienced founders Talha Ansari, Wahaj Ahmed, and Mohammad Nowkhaiz in July 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"
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