Tuesday April 23rd, 2024
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Saudi Logistics Solution Platform Nawel Closes $1 Million Seed Round

The company aims to expand its network, enhance infrastructure, and develop a unified warehouse management system.

Startup Scene

Saudi Arabian logistics solutions provider Nawel has closed a seed funding round, securing $1 million led by Nomad Holdings and featuring participation from angel investors.

Founded in 2022 by Mohamed Boulcherf and Nawaf Al Shalani, Nawel focuses on optimising supply chain operations by repurposing unused spaces within warehouses and retail facilities into storage points and centres. This strategic approach supports companies, especially in the e-commerce sector, in efficiently storing and swiftly shipping their products, ultimately enhancing the overall customer experience. Nawel specialises in establishing delivery centres functioning as parcel sorting hubs, enabling faster and more cost-effective deliveries.

The $1 million seed investment wi;l help the company expand its network, enhance infrastructure, and develop a unified warehouse management system. This strategic move aligns with Nawel's commitment to empowering the flourishing e-commerce sector by providing rapid delivery solutions for fast-moving and promotional items. With a focus on streamlining operations for businesses, Nawel aims to further contribute to the overall improvement of customer experiences in the logistics and supply chain domain.

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