Abu Dhabi-based ERP provider Hulexo has raised seed investment from Arzan VC, aiming to reach 300 retail locations by the end of 2025. The funding will also support Hulexo’s expansion into Kuwait and Saudi Arabia and establish partnerships with malls, payment providers, and licensing authorities.
Founded in 2021 by Ibrahim Al Rachdi, Marwin Favila, and Huzaifa Hameed, Hulexo provides ERP solutions for small and medium-sized retail stores. Currently, the company serves over 100 retail locations and notable clients, including Padel Life, The Giving Moment, Nauras Sandals, Transguard Group, and My Vapery.
Co-founder and CEO Huzaifa Hameed expressed excitement about the partnership with Arzan VC, highlighting its importance in Hulexo’s growth and innovation efforts. Hulexo’s platform uses decision-making engines to process customer data, helping retailers make proactive and profitable decisions by reducing stockouts and deadstock.
Arzan VC’s Founder and Managing Partner, Hasan J. Zainal, noted that traditional ERP systems are often costly and ineffective for SMEs, with a high failure rate. He believes Hulexo is a game-changer for regional retail SMEs and is confident in the strength of the Hulexo team. The investment is aimed at supporting Hulexo’s expansion and boosting its monthly recurring revenue (MRR) growth.
