Cartlow, reverse logistics platform in UAE and KSA, raised $18 million in a Series A round. The round was led by Cartlow’s strategic partner, AlSulaiman Group (ASG).
The platfrom will use the investment to further expand its operations and services in Saudi Arabia and the UAE, optimise technology and contribute to the decarbonisation of the economy.
Reverse logistics is a supply chain management tool that moves goods from customers back to the sellers or manufacturers.
“The investment will help take Cartlow to the next level. Our aim is to continue to drive innovative technology within the reverse logistics landscape across the region,” Mohammad Sleiman, Founder and CEO at Cartlow, stated.
The startup began as a Re-Commerce platform and is now a cloud base technology platform that offers Software as a Service (SaaS) services to different players in the reverse logistics ecosystem.
If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.