Retailo Raises $36M Million In Landmark Series A Round For Empowering Community Commerce In Mena Region

Company

Location

About

The company has begun this via their B2B community commerce platform which is used by over 50,000 retailers monthly. Retailo also provides data analytics services to sellers to help them evaluate sales performance and consumption trends. Headquartered in Riyadh, Retailo was founded by former Careem executives Talha Ansari, Wahaj Ahmed and Mohammad Nowkhaiz in July 2020 with a unique regional launch. Retailo is a regional B2B marketplace in MENAP and has raised a total investment of $45 million in less than 1.5 years of operations, a landmark for any startup in the region. Retailo’s Co-founders (from L-R) Muhammad Nowkhaiz, Talha Ansari and Wahaj Ahmed.Retailo's Series A round has attracted leading investors with proven track records of impactful investments. By providing timely supply, competitive rates, and easy credit, Retailo is able to address the needs of retailers and significantly improve their business. But now Retailo is a scalable organization with hundreds of millions of dollars in annualized revenue and colleagues from multiple nationalities and diverse backgrounds who have left leading institutions like Amazon, Delivery Hero and Goldman Sachs to fulfil Retailo mission in building technology that empowers 10 million retailers in the region," said Himag Vaidya, Retailo's Head of Strategy.