- Shatib raised USD 750K to build a B2B construction materials marketplace focused on group buying for developers and contractors.
- The startup plans to scale its tech stack, improving demand aggregation, pricing analysis, and supplier performance tracking for the Saudi market.
- By pooling orders across projects, Shatib says it can offer 20–35% cost savings versus typical market prices.
Shatib
Saudi’s Shatib raised USD 750 thousand (SAR 2.3M) in a pre-seed funding round led by angel investors.
Founded in 2024 by Abdulaziz AlMasoud, Shatib is a B2B marketplace for construction materials. The platform enables group buying which is aggregating demand from multiple real estate developers and contractors. Moreover, it aims to develop tech solutions to enhance procurement efficiencies and reduce costs in the construction sector.
Construction Materials
Looking forward, with the new capital it aims to forge partnerships that contribute to advancing the construction materials sector. With these partnerships, it also aims to enhance group buying efficiency in the Saudi market. Moreover, it is preparing for its next phase of growth with a focus on scaling its technology platform.
Additionally, it seeks to enhance its technology stack including tools that support demand aggregation, pricing analysis, and supplier performance tracking. It also aims to refine its digital workflows to allow developers and contractors to manage procurement processes. Thus, it helps them manage the process from initial inquiry to order execution, within a single integrated interface.
The idea of aggregating demand across multiple projects seeks to strengthen negotiation power with manufacturers and distributors. Through this, the startup claims to achieve cost savings ranging between 20%-35% in comparison with market prices.
The startup’s ultimate plan is to invest in analytics capabilities to give buyers better visibility. Furthermore, it aims to give visibility into market trends, potential savings, and opportunities to optimize purchasing across multiple projects.
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