3 years ago

Zid Secures $50M Series B to Modernize Retail in Saudi Arabia

  • Zid, a Saudi Arabian retail enablement platform, has raised $50 million in a Series B funding round led by IMPACT46

  • The round saw participation from new and existing investors, including Aramco's venture capital arm Wa'ed Ventures and Endeavour Catalyst

  • The company plans to use the funds to expand into new markets, enhance its product offerings, and further its mission to modernize the retail sector in the region.

      • ProblemTechnology

      "Retailers in the MENA region struggle to establish an online presence and lack the tools and resources to effectively manage their online operations, leading to inefficiencies and limited growth."

      Solution

      "Zid provides a comprehensive e-commerce platform that empowers retailers with tools and solutions to build and manage their online stores, including features for shipping, payments, and marketing. This enables retailers to expand their reach, increase sales, and streamline their operations."

      Covered on