Thursday May 23rd, 2024
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KSA Delivery Startup Mrsool Raises Multi-Million Series A Investment

The Riyadh-based startup has been in particular demand as the Kingdom enters into a Coronavirus-induced lockdown.

Staff Writer

With the world slowly going into lockdown mode, more and more people are taking the necessary safety precautions and limiting the time they spend in public spaces. Enter Mrsool, the Riyadh based app that allows you to order anything from groceries, medicine, (even surgical masks) and anything else you might need during. Last year alone, Mrsool managed to process orders worth more than SAR 1 billion. 

Earlier this week, the Riyadh-based ‘on-demand delivery’ startup Mrsool managed to raise a USD multi-million Series A round led by MENA’s largest VC fund, Saudi Technology Ventures (STV), and Raed Ventures, with angel investor, Mazen Al Jubeir, also joining the investment round. Mrsool plans to use the investment to quickly delve into their plans to start by expanding in Saudi Arabia and move onto expanding in the region.

Mrsool, founded in 2015 by Ayman Al Sanad and Naif Al Samri, is currently operating in  40+ cities and three countries.

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