Qatari-based e-commerce startup Snoonu has raised $12 million in a Series B round, which was led by the Qatar Development Bank with participation from other undisclosed investors.
The startup is aiming to revolutionize the Qatari market by providing the most diverse delivery service.
Founded in 2019 by Hamad al-Hajri, Snoonu is a one-stop application offering multiple services such as online shopping, food and grocery delivery. The startup acts as a logistics service third-party for local startups and SMEs.
Founder and CEO of Snoonu, Hamad Al Hajri said, “We are pleased to close Series B round with such an incredible value which is a result of our team’s dedication and hard work. We are also very grateful to our investors and honored by their trust in us to close this funding round.”
He continued, “This funding will allow us to accelerate our growth and the development of our product’s in-house technology, expanding our services and strengthening our marketing efforts. This will get us one step closer to building the ideal super-app where all services are available at once”.
“As our commitment to Snoonu’s contribution to the development of the tech ecosystem in Qatar, we are always trying to introduce the best innovative tech solutions to the market.” he added.
Qatar’s Snoonu is the first Qatari startup to raise a Series B round. It closed its Series A back in 2021 at $5 million and went on to acquire Oman-based Akeed last year.
The company is also committed to reducing its carbon footprint by following several practices. The startup has made its recent tests with Kia, and in collaboration with Al Attiya Group to shift to electric delivery cars.
If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.