Snoonu raises $5 million in Series A

Snoonu raises $5 million in Series A

Qatar-based super app Snoonu, has raised $5 million in the largest Series A round ever raised by a Qatari startup.

The round was led by its strategic partner, Qatar Development Bank (QDB), with participation from multiple investors.

Founded in 2019 by Hamad Al Hajri and Sabina Abuova, Snoonu is a one-stop application offering multiple services such as online shopping, food and grocery delivery, as well as third-party logistics services for local startups and SMEs.

The startup will use the newly raised funds to invest in its R&D, develop its product offering and enter new markets within the Middle East and North Africa (Mena) region as well as international markets. ·         

Snoonu currently caters to more than 100,000 users.

Press release

Doha-based e-commerce startup, Snoonu has raised $5 million in a Series A investment round led by its strategic partner, Qatar Development Bank (QDB) along with the participation from multiple investors. This investment is one of the largest Series A funding rounds closed by a Qatari startup and will enable Snoonu to rapidly expand its operations across the region.

In line with Snoonu's mission to diversify and enhance its offering to become a comprehensive services app, the newly raised funds will be utilized mostly in R&D for new