Saudi Arabia’s OTO raises $3 million Seed funding

Saudi Arabia’s OTO raises $3 million Seed funding

Saudi Arabia-based SaaS startup OTO has raised a $3 million Seed round from MEVP & Derayah Capital.

Founded in 2019 by Mohammad Al-Razaz and Furkan Uzar, OTO helps e-commerce brands ship, manage, track, and return their online orders with 100+ shipping carriers via one single dashboard.

OTO, which now operates in Saudi Arabia, UAE, Kuwait, Oman, Qatar, Bahrain and Egypt, claims to have grown by 300 per cent year to date in the number of processed orders compared to 2020, with clients including Zain, SACO, Arabian Oud, Zohoor Alreef, The Body Shop, Cardial and others.

Press release:

Riyadh-based Shipping management software and delivery platform OTO has successfully raised $3 million in its latest funding round. The Seed round was led by Middle East Venture Partners (MEVP) and Derayah Capital.

Founded in 2019, by CEO Mohammad Al-Razaz and CTO Furkan Uzar, OTO has built world-class technology to help e-commerce brands ship, manage, track, and return their online orders with 100+ shipping carriers via a consolidated dashboard. On a mission of building global shipping technology that could be used by any company of any size anywhere in the e-commerce space, OTO has grown by 300% year to date in the number of processed orders compared to 2020 and is