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Startup Name: Retailo
Tagline: B2B Ordering App For Retailers
Elevator Pitch: Retailo is the fastest growing B2B startup in MENAP and has digitized retail supply chains in the region. Founded in July 2020 by former Careem executives Talha Ansari, Wahaj Ahmed and Mohammad Nowkhaiz, Retailo has raised $9 million in just 9 months thanks to a diverse group of international investors that include institutions from Silicon Valley, UK, and GCC and also high net worth individuals (HNWs).
Headquartered in Riyadh and operational in multiple markets in MENAP, Retailo currently provides services to over 35,000 active retailers that can access more than 2,000 SKUs from the Retailo app which are delivered to them within 24-hours of order placement. Retailo’s 500+ colleagues are spread across multiple cities in MENAP and fulfil tens of thousands of retailers’ orders every month. This vast operation is managed through multiple warehouses that store inventory from hundreds of brands, many of which are direct Retailo partners.
Target Market: Retail industry
How will you make money?: By empowering the retailers and cutting out the middle man
How much capital have you raised?: 5-10m
Founder(s) Name: Muhammad Nowkhaiz , Wahaj Ahmed , Talha Ansari
Website: https://retailo.co
Twitter: retailot
City/Country: Riyadh/Saudia Arabia
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