Loading organizations...
Loading organizations...
Retailo Technologies is a technology company.
Retailo Technologies operates a digital B2B marketplace platform streamlining procurement for small and medium-sized retailers across the MENAP region. Its core offering, the Retailo App, enables businesses to access product catalogs, compare prices, and secure next-day delivery, efficiently modernizing the traditional retail supply chain.
Co-founded by Talha Ansari, Muhammad Nowkhaiz, and Wahaj Ahmed, Retailo emerged from their shared insight into the inefficiencies of the informal retail system. They established the company to technologically elevate this traditional sector, applying their experience to serve the region's businesses.
Retailo serves thousands of local retailers, including independent kiryana and baqala stores, who utilize the platform for restocking. The company’s vision is to improve lives in unserved segments through technology, simplifying retail operations and empowering community commerce across MENAP.
Retailo Technologies has raised $60.0M across 4 funding rounds.
Retailo Technologies has raised $60.0M in total across 4 funding rounds.
Retailo Technologies is a B2B e-commerce platform and marketplace that supercharges the retail supply chain in the MENAP region (Middle East, North Africa, Afghanistan, and Pakistan) through mobile apps and data-driven teams.[1][2][3] It serves small retailers in underserved segments by simplifying procurement, improving access to products, and enhancing operational efficiency, with a purpose to improve lives via technology.[1][3] Founded in 2020 and headquartered in Riyadh, Saudi Arabia, Retailo has raised $42.7M in total funding, including a $36M round, employs 201-1000 people, and reports $84M in revenue, demonstrating strong growth momentum.[2][3]
Retailo Technologies was founded in September 2020 by co-founders whose details are highlighted on their site, operating from Riyadh with a branch in UAE.[1][2][3] The idea emerged to address inefficiencies in the retail supply chain for unserved segments in MENAP, launching as a B2B platform just nine months before securing $6.7M in seed funding—the largest for a Saudi startup at the time—bringing early total investments to $9M.[1][3] Pivotal early traction included rapid expansion, with operations in UAE and a focus on high-powered apps, scaling to 501-1000 employees and significant funding rounds like a $100K convertible note in 2023.[1][2][3]
Retailo's strengths lie in its tech-driven approach to B2B retail, setting it apart in MENAP:
Retailo rides the wave of digital transformation in MENAP's fragmented retail sector, where traditional supply chains hinder small businesses amid rising e-commerce adoption and economic diversification in Saudi Arabia.[1][3] Timing aligns with Vision 2030 initiatives boosting tech startups, enabling Retailo to capture market share in a region with high unserved retailer density.[2][3] Favorable forces include growing B2B demand, investor interest (100+ backers), and mobile penetration, positioning Retailo to influence the ecosystem by onboarding thousands of retailers and setting benchmarks for scalable supply chain tech.[1][2][3]
Retailo is poised for explosive growth, leveraging its funding war chest and employee scale to expand across MENAP, potentially dominating B2B retail platforms.[2][3] Trends like AI-driven logistics, deeper Saudi tech investments, and cross-border e-commerce will shape its path, amplifying influence on underserved retailers.[1] As it evolves from startup to regional powerhouse, Retailo could redefine supply chain efficiency, supercharging more lives through technology just as its mission promises.[1]
Retailo Technologies has raised $60.0M in total across 4 funding rounds.
Retailo Technologies's investors include Abercross Holdings, Aujan Enterprises, Graphene Ventures, Majd Digital, Yousef Albabtain, Technology Group, Yusuf Bin Kanoo Group, Nabil Alnoor Borhanu, 500 Startups, AgFunder, Agility Logistics, Arzan Venture Capital.
Retailo Technologies has raised $60.0M across 4 funding rounds. Most recently, it raised $15.0M Other Equity in November 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Nov 29, 2023 | $15.0M Other Equity | Abercross Holdings, Aujan Enterprises, Graphene Ventures, Majd Digital, Yousef Albabtain, Technology Group, Yusuf Bin Kanoo Group | |
| Feb 1, 2022 | $36.0M Series A | Nabil Alnoor Borhanu | 500 Startups, Abercross Holdings, AgFunder, Agility Logistics, Arzan Venture Capital, Aujan Enterprises, Mentors Fund, Shorooq Partners |
| Oct 1, 2021 | $7.0M Seed | Abercross Holdings, Shorooq Partners | AgFunder, Arzan Venture Capital |
| Oct 1, 2020 | $2.0M Seed | Shane (You Keun) Shin | 500 Startups |