Abu Dhabi-based ERP provider Hulexo has secured seed investment from Arzan VC, aimed at helping the company expand its presence in the Middle East. The investment will enable Hulexo to reach 300 retail locations by the end of 2025 and support its expansion into Kuwait and Saudi Arabia. Additionally, it will facilitate partnerships with malls, payment providers, and licensing authorities.
Founded in 2021 by Ibrahim Al Rachdi, Marwin Favila, and Huzaifa Hameed, Hulexo specializes in ERP solutions for small and medium-sized retail stores. The company has already onboarded over 100 retail locations, with notable clients including Padel Life, The Giving Moment, Nauras Sandals, Transguard Group, and My Vapery.
Hulexo’s Co-founder and CEO, Huzaifa Hameed, expressed excitement about the partnership with Arzan VC, highlighting its importance in scaling the business across the Middle East and continuing to innovate with faster, smarter, and robust solutions for retailers.
Arzan VC’s Founder and Managing Partner, Hasan J. Zainal, emphasized the challenges SMEs face with traditional ERP systems, noting that Hulexo’s approach offers a game-changing solution for regional retail SMEs. Arzan VC’s investment will support Hulexo’s growth in monthly recurring revenue (MRR) and its expansion into Kuwait, underscoring confidence in the strength of Hulexo’s team and technology.
