Saudi startup Saee raises $2.4mln in funding – ZAWYA

Saudi startup Saee raises $2.4mln in funding – ZAWYA

Firm to use proceeds for expansion in Saudi Arabia. The firm will use the proceeds to fuel its expansion in Saudi Arabia, it said in a statement, adding that it delivers more than 5,000 shipments a day from 10 different dispatch centres across the Kingdom.. "The new funding will enable the introduction of new services such as 45-minute express delivery and enable the company to expand its reach across the Kingdom's urban and rural areas," Eihab Nassier, CEO of Saee said.. Saudi e-commerce market for goods and services is estimated at 80 billion riyals ($ 21.3 billion), and the kingdom last year passed an e-commerce law that is set to accelerate the market..