Parcel, a company in the Hope Ventures portfolio that has transformed delivery services for over 3,000 businesses in Bahrain, has announced its expansion into Saudi Arabia. The company offers businesses a smart alternative to hiring full-time drivers or managing delivery fleets by connecting them with a network of reliable on-demand drivers via its digital platform. This cost-effective and efficient solution outperforms traditional delivery methods.
Since its inception, Parcel has been pivotal in supporting Bahrain’s local businesses by simplifying their delivery operations, helping them grow, and saving costs. The platform’s success is reflected in the completion of over 1.5 million deliveries, demonstrating its reliability and the strong demand for its tech-driven logistics solutions.
“Our mission has always been to empower businesses with simple, tech-driven solutions,” said CEO Ali Dhaif. “By entering Riyadh, we’re taking the first step in sharing our vision with the region, providing businesses with the tools to streamline operations, reduce overheads, and enhance customer satisfaction.”
Parcel’s platform allows businesses to access an extensive network of on-demand drivers, eliminating the need to manage their own fleets. The platform is designed to support businesses of all sizes in their growth journey with ease.
Fajer Alpachachi, General Manager of Hope Ventures, expressed excitement about Parcel’s entry into the Saudi market, saying, “The company has shown remarkable growth and traction since our initial investment, highlighting the founders’ capabilities and strong strategic support. This investment underscores Hope’s role in accelerating business expansion and fostering regional success stories.”
