Parcel, a Hope Ventures portfolio company, is proud to announce its expansion into Riyadh, Saudi Arabia. This significant step comes after the company has revolutionized delivery services for over 3,000 businesses in Bahrain, completing more than 1.5 million deliveries for small businesses and restaurants.
Parcel offers businesses an efficient and cost-effective alternative to hiring full-time drivers or managing delivery fleets. By utilizing its digital platform, Parcel connects businesses to a network of reliable on-demand drivers, streamlining delivery operations and providing a more affordable solution than traditional methods.
Ali Dhaif, CEO of Parcel, shared, “Our mission has always been to empower businesses with simple, tech-driven solutions. Expanding into Riyadh is the first step in sharing our vision with the region and providing businesses with the tools to streamline operations, reduce overheads, and enhance customer satisfaction.”
He added, “With Parcel, businesses can access an extensive network of on-demand drivers, eliminating the need to hire and manage their own fleets. It’s an easy-to-use platform tailored to businesses of all sizes, supporting their growth journey.”
Fajer Alpachachi, General Manager of Hope Ventures, expressed excitement about Parcel’s entry into the Saudi market: “Parcel has demonstrated remarkable growth since our initial investment, showcasing the founders’ exceptional capabilities and the strategic support they’ve received. This expansion highlights Hope Ventures’ role in accelerating regional business success.”
Since its launch, Parcel has been a key player in supporting Bahrain’s local businesses by simplifying delivery operations and saving costs. The platform’s success, reflected in over 1.5 million deliveries, underscores the strong demand for its tech-driven logistics solutions.
Parcel’s expansion into Riyadh also reflects Bahrain’s commitment to exporting successful ventures and local talent to regional markets. With robust government support, advanced infrastructure, and a thriving entrepreneurial environment, Bahrain is emerging as a hub for startups aiming for regional expansion. Parcel is proud to showcase Bahrain’s competitiveness on this exciting journey.
