Garage, the platform specialized in digitizing the express services sector for cars, announced a Seed round of SAR 2.25 million ($600,000), bringing the company’s valuation to SAR 11.25 million ($3 million).
“In Garage, we are targeting a huge market whose size exceeds $3 billion, with an annual growth rate of more than 5%,” says Osama AlSalloum, founder and CEO of Garage. “We aim to build a platform that works with the exist market and does not compete with it, as we aim to be a gateway for all traditional service providers to digitise their services and take a step forward towards their customers.”
“This investment will help us to expand our services provided to include additional valuable services to the consumer and also to target new markets in Saudi Arabia.”
Moreover, Garage was established at the end of 2020 with the aim of changing the method of providing express services in the Kingdom, since then it achieved rapid growth in the volume of business till toda
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