Saudi Arabia’s Ninja Becomes Newest Tech Unicorn Following $250 Million Funding Round
Saudi Arabia’s fast-growing delivery startup Ninja has secured $250 million in funding led by Riyad Capital, reaching a $1.5 billion valuation and becoming the Kingdom’s newest tech unicorn. The funding highlights Saudi Arabia’s expanding venture capital ecosystem and startup scene, supporting the government’s efforts to diversify the economy. Ninja plans an IPO by 2027 and operates in multiple Gulf countries, reflecting regional growth in tech-driven logistics services.
