Retailo Technologies

Retailo Technologies

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Organization

Contact Information

Overview

Retailo is the fastest growing B2B startup in MENAP and has digitized retail supply chains in the region. Founded in July 2020 by former Careem executives Talha Ansari, Wahaj Ahmed and Mohammad Nowkhaiz, Retailo has raised $9 million in just 9 months thanks to a diverse group of international investors that include institutions from Silicon Valley, UK, and GCC and also high net worth individuals (HNWs).

Headquartered in Riyadh and operational in multiple markets in MENAP, Retailo currently provides services to over 35,000 active retailers that can access more than 2,000 SKUs from the Retailo app which are delivered to them within 24-hours of order placement. Retailo’s 500+ colleagues are spread across multiple cities in MENAP and fulfil tens of thousands of retailers’ orders every month. This vast operation is managed through multiple warehouses that store inventory from hundreds of brands, many of which are direct Retailo partners.

Retailo’s mission is to simplify the retail business and make supply chains easily accessible and beautifully uncomplicated. Through its high-powered app, driven teams and smart operations, Retailo will unlock the earning potential of 10 million SME retailers in MENAP and lift the economy of the entire region.

About

Industries

E-Commerce, Marketplace, Retail, Predictive Analytics, B2B

Founded

2020

Employees

501-1000

Headquarters locations

Asia

Social

N/A

Profile Resume

Retailo Technologies headquartered in Asia, operates in the E-Commerce, Marketplace, Retail, Predictive Analytics, B2B sector. The company focuses on E-Commerce and has secured $9.6B in funding across 160 round(s). With a team of 501-1000 employees, Retailo Technologies is actively contributing to advancements in E-Commerce. Their latest funding round, Venture Round - Retailo Technologies, raised $15.0M. Discover more about their projects, partnerships, and impact on our platform.

Employees

imagePlace Muhammad Ansari

Muhammad Ansari

Co-Founder

imagePlace Wahaj Ahmed

Wahaj Ahmed

Co-Founder, CRO, and Acting CHRO

imagePlace Muhammad Nowkhaiz

Muhammad Nowkhaiz

Co-Founder

Funding Rounds

Funding rounds

8

Investors

6

Lead Investors

0

Total Funding Amount

$60.0M

Details

4

Retailo Technologies has raised a total of $60.0M in funding over 4 rounds.

Announcement dateTransaction nameNumber of InvestorsMoney raisedLead Investor
2021Seed6.7M
2020Seed2.3M
2022Early Stage Venture29.0M
2021Seed

Investors

Retailo Technologies is funded by 45 investors.

Investor NameLead InvestorFunding RoundPartners
Shorooq Partners-FUNDING ROUND - Shorooq Partners15.0M
Nabil Alnoor Borhanu-FUNDING ROUND - Nabil Alnoor Borhanu15.0M
Graphene Ventures-FUNDING ROUND - Graphene Ventures15.0M
Retailo Technologies-FUNDING ROUND - Retailo Technologies15.0M

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