Saudi-based E-commerce Support Startup Zid Scores $2 Million In Pre-series A Investment

Zid, a Saudi Arabian e-commerce company secures a $2 million in a pre-series A round led by Elm VC and various regional and global VCs and angel investors. Zid is an e-commerce enablement solution that offers first-time sellers and offline retailers a chance to create their own online store and enhance their customer reach. The investment will aim to attract new sectors in the retail industry and expand into new markets in the region.

Founded by Mazen Al Darrab and his partner Sultan AlAsmi in 2017, Zid provides a variety of e-commerce services to users including basic technical hosting and drag-and-drop interface features, with a range of free and premium subscription packages suitable for many businesses. The company’s team is based in Riyadh with over 35 team members dedicated to enabling merchants to boost their sales using digital channels.

“We are witnessing daily growth in the e-commerce industry, not only in Saudi but in the whole region," comments Al Darrab in a statement. "We started Zid with a very simple mission: to enable retailers to capture the opportunity in e-commerce and provide them the whole experience in a box.” 

Zid has partnered up with leading entities including the Saudi Arabian Chamber of Commerce, SMEA, NCPD, and SDP, in hopes to establish programmes that further empower the Saudi e-commerce industry and improve the experience of consumers and retailers alike.