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The company, founded by three industry entrepreneurs, launched operations in Riyadh in April 2020, just a few weeks after Covid-19 hit Saudi Arabia
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The platform connects e-commerce businesses to deliver their parcels to the end consumers
Riyadh-headquartered B2B asset-light last-mile startup, WeDeliver, has announced the closing of its unprecedented $2.4 million pre-Seed round. This is the largest pre-Seed round for a Saudi-based startup and the third-largest for a startup in the Mena region.
The company, founded by three industry entrepreneurs, launched operations in Riyadh in April 2020, just a few weeks after Covid-19 hit Saudi. It has since expanded operations to include Jeddah and Dammam and is set to disrupt the logistics industry.
WeDeliver has built an innovative asset-light operational model backed by technology to provide cost-efficient last-mile delivery services promising same-day delivery for same city shipments by utilising crowdsourced fleets of freelancers and crowdsourced warehouses.
The tech-driven platform connects e-commerce businesses with drivers heading in the right direction to deliver their parcels to the end consumers.
“WeDeliver is a MENA start-up with a global vision, driven by an experienced team. We have ambitious plans to enrich our growth in the Saudi market and look forward to expanding to new regional markets,“ Ahmad Ramahi, Cofounder and CEO of WeDeliver said.
“We believe that our asset-light collaborative model will disrupt intra-city logistics, enabling faster, more efficient, low-cost delivery for businesses and online sellers,” continued Ramahi.
WeDeliver has raised a $2.4 million pre-Seed round from Saudi logistics company, Salasel Alemdad, VEST investment company, Palestine Paltel Telcom Group, the Mutasami family fund, Arcom Technologies, as well as a group of angel investors, and members of the Riyadh Chamber of Entrepreneurship Organisation.
Founded in 2020 by former Careem operations manager, Ahmad Ramahi; former head of technology at Nana, Mohammad Abu Kwaik; and Nasser Almaawi, WeDeliver offers last-mile delivery services with a same-day delivery utilising crowdsourced fleets of freelancers and warehouses.