The startup will look to expand the reach of its cloud-based turnkey solution for e-commerce businesses.
KSA-based startup, Salasa, has announced that it has raised $8.6 million in Series A Funding, which it will look to use in order to expand its operations through Saudi Arabia and the GCC. Led by AlSulaiman Group with the participation of Saudi Venture Capital Company (SVC) and 500 Startups, the investment is testament to Salasa’s success as a cloud-based turnkey solution for e-commerce businesses which affords access to a professional logistics fulfilment network.
Launched at the end of 2016 by industrial engineers, Abdulmajeed Alyemni and Hasan Alhazmi, Salasa was born of what the founders saw as an opportunity to help e-commerce businesses scale, as well as satisfy customers, by streaming e-commerce fulfillment. Salasa also offers solutions, tools and resources for developing new products, entering new markets and growing client business, putting it in prime position to ride the wave of the remarkable rise of e-commerce in KSA this year.
“We are poised for growth and we are aggressively investing in our proprietary technology to achieve superior operational excellence and utilise predictive analytics and insights to help our customers in making strategic decisions,” said Alhazmi, who also serves as COO. “The market outlook indicates significant growth in this sector, and we are confident, as experts in this field, we can meet client demands, faster, with better delivery experience, at affordable prices.”
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