Kaya, e-commerce and logistics solutions company specializing in beauty and personal care, raised $2.6 million in a Seed funding round led by Revival Lab with participation from Al-Dowayan Investment Company and Al-Sulaimaniya Investment Group.
The aim of the funding round was to develop the company’s digital infrastructure and provide logistics services that will help us continue to grow, expand and achieve our ambitious targets in the future. Kaya will be utilizing the funds to develop its digital infrastructure, provide logistics services, and for its future expansion and growth plans.
“We’re proud to be a partner with Kaya. We are working together with the team to achieve our strategic goals of promoting growth and expansion initiatives in the personal care and beauty sector inside and outside the Kingdom of Saudi Arabia,” Mr. Mohammed Al-Maghlouth, CEO of Revival Lab, stated:
Kaya started in 2018 with a direct-to-consumer business model and has boosted the growth of its online sales by developing and building innovative brands in beauty and personal care, which added to its portfolio more than 5 brands specializing in skincare and cosmetics such as Florucci, Cecilia, Diar Argan and Tiyati, in addition to a few online stores, the most well-known of which is Aynma store.
Also read: Darent raises $1m in a pre-seed round led by Watheeq
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