Mandobk, Saudi-based on-demand delivery startup, raised 2m SAR which amounts to almost $533k through Emkan Alarabiya crowd equity platform.
Mandobk was launched in 2019, since its launch the startup was able to develop their technical side, build work strategies, and their team.
“We thank our customers for their trust in the company, and this investment came to support growth and expansion. The success of this round is owed to the efforts of the Investment Committee, the confidence of our shareholders, and our work to achieve the goals of Mandobk and our stakeholders. We have goals to move to grow and expand in the upcoming period,” Mohammed Al-Osailan, founder and CEO, said.
Also read: Saudi’s RedBox raises $3 million in seed round
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