Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Saudi quick commerce startup Ninja raised $254 million in a pre-IPO round at a $1.5 billion valuation. Operating across GCC countries, Ninja offers instant delivery of groceries and food, with nearly $1 billion in annual GMV and profitability, positioning itself for IPO and further expansion.
Circle, Kuwait’s q-commerce startup, raises $6M Series A to expand across MENA. The company offers under-20-minute delivery via a tech-enabled network of dark stores, driving 7x revenue growth in Kuwait and preparing for regional rollout in 2026.
Ninja, a Saudi-based quick commerce firm, is in talks for a funding round at a valuation over $1 billion, with Riyad Capital leading the deal. The company, preparing for an IPO by 2027, operates in multiple Gulf countries and aims to expand further within the region’s growing e-commerce market.
Padash, an Iraqi startup, has secured $125,000 to enhance its quick commerce platform, focusing on rapid food and grocery delivery within Erbil. This investment will support the expansion of its services and app development, aiming to revolutionize convenience in urban Iraq.