Saudi Quick-Commerce Firm Ninja Raises $250 Million, Achieves Unicorn Status
Saudi quick-commerce company Ninja raised $250 million in a funding round led by Riyad Capital, reaching a $1.5 billion valuation and gaining unicorn status. Founded in 2022, Ninja delivers groceries and essentials across Saudi Arabia and neighboring Gulf countries. The funds will support expansion, logistics scaling, and preparation for a planned IPO on the Saudi Exchange by 2027. This investment highlights Saudi Arabia’s growing startup ecosystem and Riyad Capital’s key role in regional venture funding.