What is Retailo?
Established in 2020 and based in Riyadh, Saudi Arabia, Retailo operates as a business-to-business e-commerce platform provider. The company aims to streamline the procurement process for businesses by offering a digital marketplace that connects retailers with suppliers. This B2B e-commerce model is designed to enhance efficiency, reduce costs, and improve access to a wider range of products for businesses, positioning Retailo as a key player in the digital transformation of traditional trade in the region.
How much funding has Retailo raised?
Retailo has raised a total of $42.7M across 2 funding rounds:
Angel/Seed
$6.7M
Series A
$36M
Angel/Seed (2021): $6.7M with participation from Shorooq Partners and Abercross Holdings
Series A (2022): $36M led by Shorooq Partners, Global 500 Investment, Aujan Group Holding, Nahda Fund, Tech Invest Com, Graphene Ventures, AgFunder, Abercross Holdings, Agility Logistics Services, and Arzan Venture Capital
Key Investors in Retailo
Shorooq Partners
Shorooq Partners is a leading MENA-based alternative investments manager specializing in venture capital and private credit, known for partnering with visionary founders across various sectors to fuel growth.
Global 500 Investment
Global 500 Investment is a company with 12 years of financial business management experience, focused on providing absolute returns through its platform operators and brokers, with a commitment to transparency and investor satisfaction.
Aujan Group Holding
Aujan Group Holding, headquartered in Dubai, is a diversified holding company with interests spanning hospitality, packaging material, and real estate.
What's next for Retailo?
The recent major strategic investment in Retailo signals a pivotal moment for the company, likely enabling accelerated expansion of its operational footprint and technological capabilities. This capital infusion is expected to fuel further development of its B2B e-commerce platform, potentially including enhancements to logistics, supplier network integration, and customer service. As Retailo continues to scale, its focus will likely remain on solidifying its market position in Saudi Arabia and exploring opportunities for regional growth, leveraging its established investor base for strategic guidance and future funding rounds.
See full Retailo company page
