Saudi-based Nana raises $18M Series B funding
Nana, one of Saudi Arabia’s fast-growing technology startups, has raised investment from regional investors Saudi Technology Ventures (STV) and Middle East Venture Partners (MEVP). Other investors in the round included existing investors Impact46, Saudi Venture Capital Company (SVC), Watar Partners, and Wamda Capital.
Nana is an online grocery platform that currently serves 14 cities across the Kingdom. The marketplace platform powers hypermarkets and helps them showcase their inventory to millions of Nana users. This round will enable Nana to expand in KSA and outside. It will allow the company to focus on further improving its customer experience and develop technology solutions to support their partner's growth and development.
Nana has tripled its turnover during the past year and partnerships with Carrefour, Panda, Spar, Farm Superstores, Manuel and many others has helped Nana offer the widest possible range of consumer packaged goods all over Saudi.
Nana is constantly adding hypermarkets partners as well as boutique food stores to its repertoire. The Company aims to deliver a hundred thousand orders every month to Saudi-based buyers and aims to reach this milestone by the end of 2020.