Saudi Startup Nana Scores $18 Million in Series B for Its Grocery Shopping App

FMCGs are on the rise due to coronavirus lockdowns, and many investors are betting on online shopping startups.
Saudi Startup Nana Scores $18 Million in Series B for Its Grocery Shopping App
Source: Nana

Saudi-based e-commerce startup Nana just raised $18 million in a Series B investment led by Saudi Technology Ventures (STV) and Middle East Venture Partners (MEVP). Other investors in the round include existing investors Impact46, Saudi Venture Capital Company (SVC), Watar Partners, and Wamda Capital.

“This round will enable us to expand in KSA and outside. It will allow us to focus on further improving our stellar customer experience and develop technology solutions to support our partner’s growth and development.”

Sami Alhelwah, Founder, Nana

So far, 14 cities across the Kingdom shop for their groceries through Nana . The startup powers hypermarkets and helps them showcase their inventory to millions of users. Nana has tripled its turnover during the past year and closed partnerships with Carrefour, Panda, Spar, Farm Superstores, Manuel among others.

Nana is constantly adding hypermarkets partners as well as boutique food stores to its repertoire. The startup aims to deliver a hundred thousand orders every month to Saudi-based buyers and aims to reach this milestone by the end of 2020.

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