Retailo raises $15 million to expand digital distribution platform

📦 Introducing Retailo, the Saudi-based next-generation digital distribution platform offering next-day delivery for retailers and restaurants, and a plug-and-play solution for suppliers.

And, they just secured $15 million in their latest funding round.

• Co-founded by Muhammad Talha Ansari, Wahaj Ahmed, and Muhammad Nowkhaiz in 2020 in Saudi Arabia, the network comprises thousands of retail partners and restaurants in KSA and has 200+ leading brand partners on its platform.

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💰 Investor lowdown: This round saw the entry of new investors such as Yusuf Bin Kanoo Group, Technology Group, and Majd Digital, alongside ongoing support from existing investors including Aujan Group Holdings, Shorooq Partners, Abercross Holdings, and Graphene Ventures. 

• This financial backing follows a previous $36 million Series A funding round. 

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🛠️ The challenge

The retail market in Saudi Arabia is worth $100 billion and includes over 100,000 businesses. Collectively, these businesses serve a consumer base of more than 35 million people.

Retailo is tackling a crucial challenge in the Saudi Arabian market: transforming the traditional retail supply chain into a digitised, efficient, and scalable model. 

They're not just thinking outside the box; they're redesigning the box for the digital age.

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🐦 Two birds, one stone

‍For retailers? The Retailo App is their new best friend. It offers access to a range of over 5000 Stock Keeping Units (SKUs) for retailers with next-day delivery, streamlining the restocking process.

For suppliers? A plug-and-play solution for suppliers, allowing them to distribute their products by utilizing Retailo’s extensive network of retailers and restaurants, as well as its distribution infrastructure across Saudi Arabia.

But wait, there's more!

• 🤝Their partnership with Dtonic, the South Korean data solution company, will enhance Retailo's capabilities through efficient and scalable AI-driven solutions. 

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🔮 Flashforward

With its recent funding, Retailo plans to expand by increasing its network of customers and suppliers, with the goal of supporting 10 million SMEs across the MENAP region.

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