Retailo Raises $36M million in Landmark Series A Round For Empowering Community Commerce in MENA Region
Summary
The round was led by Silicon Valley based Graphene Ventures which was an investor of tech giants Snapchat and Lyft. Additionally, Shorooq Partners, Abercross Holdings, Arzan VC, AgFunder also participated in the round as repeat investors which demonstrates their continuing belief in Retailos successful future. By providing timely supply, competitive rates, and easy credit, Retailo is able to address the needs of retailers and significantly improve their business. To offer a one-stop shop solution, Retailo (https://retailo.co) directly works with hundreds of leading local, regional and global brands. 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.