Qatar-based Snoonu acquires USD 5 Million in Series A Funding

Qatari e-commerce startup, Snoonu, has successfully raised USD 5 million in Series A investment round led by its strategic partner, Qatar Development Bank (QDB), along with multiple investors.

This investment will allow Snoonu to rapidly expand its operations across the region, and advance Snoonu’s mission to become a comprehensive services app by adding and diversifying new features and services to its platform.

”We are pleased to close this round of funding with such an incredible result, and we are immensely grateful to our investors and to our strategic partner QDB for believing in our potential and supporting our growth,” Co-founder and CEO of Snoonu, Hamad Al Hajri said. “While outstanding delivery services remain at the heart of our mission, we realize the power of converging multiple services to become a super-app, driving the region forward through innovation and technology, which is our ultimate goal. Through Snoonu, and along with our partners, we aim to become pioneers in growing the tech ecosystem in Qatar and across the MENA region.”

Snoonu plans to invest in R&D for new products like ‘SnooPay’, Snoonu's own digital payment solution, ‘Concierge’, an in-app feature providing tailor-made services while leveraging the diversity of Snoonu's merchants, and a Direct to Consumer (D2C) marketplace offering the best prices and conditions to both consumers and merchants.