Retailo raises $2.3 million pre-seed for its B2B ecommerce marketplace in Saudi & Pakistan

CountrySaudi Arabia

Riyadh-headquartered B2B ecommerce startup Retailo has come out of stealth today with the announcement of $2.3 million in a pre-seed round led by Abu Dhabi-based Sorooq Partners. 500 Durian (the 500 Startups fund for Southeast Asia) and 92 Ventures also participated in the round along with angels from ‘region’s top startups and leading management consulting firms’. According to our data, it is the second-largest pre-seed round raised by a startup in the Middle East, North Africa & Pakistan. Founded just a few months ago by Talha Ansari, Mohammad Nowkhaiz, and Wahaj Ahmed; who previously worked with Careem, Rocket Internet, Daraz, and McKinsey, Retailo wants to empower over 10 million SMEs in the retail sector of the Middle East, North Africa & Pakistan with the use of technology and real-time data. Its more...