Saudi Arabia’s Sary, a wholesale grocery e-commerce platform, said on Thursday it had raised $30.5 million in its latest funding round which it would use to finance expansion plans.
The business-to-business marketplace, launched in 2018, says it connects small retailers with wholesalers of fast-moving consumer goods.
For the latest headlines, follow our Google News channel online or via the app.
Sary said the new funds would help it expand geographically, add new products and services and move into new categories.
“It puts the company in a good position to own the wholesale and distribution value chain in Saudi,” it said in a statement.
Sary says its app has been installed by over 100,000 users.
The Series B funding round was led by VentureSouq, while STV, Rocketship.vc, Ra’ed Ventures, MSA Capital and Derayah VC
also invested, it said.