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Retailo is an online B2B marketplace that aims to technologically supercharge retail supply chains in the MENAP region by disrupting the retail industry and digitizing the supply chain that connects SME retailers with manufacturers.
The company was founded by Talha Ansari, Mohammad Nowkhaiz and Wahaj Ahmed who have worked in leadership roles at successful tech startups such as Careem and Careem Now, Foodpanda, Daraz as well as McKinsey.
Their idea of disrupting the retail industry and digitizing the supply chain that connects SMEs retailers with manufacturers was born during the Covid lockdown and quickly gained traction with retailers, manufacturers and investors.
Today, Retailo is one of the fastest growing companies in the MEPAP region. This is because of its value proposition as a one-stop solution for retailers; with focus on next day delivery, intuitive technology and competitive prices as well as its team which has scaled up multiple startups and is solving problems and scaling new heights every day. Having just raised $2.3M in pre-seed funding, the region’s second largest pre-seed round, Retailo is poised for yet more phenomenal growth to become the dominant player in a $200 B market.
Commenting on the support of AstroLabs, co-founder Talha Ansari said, “AstroLabs has been a great partner and helped us with all the startup needs like working space, incorporation, licensing, and more. We were also able to tap into the community present in AstroLab’s offices. It has been a smooth journey and we are happy to have worked with the right people.”
“AstroLabs assisted Retailo with their complete setup in Saudi Arabia, allowing the management to concentrate on more important items like strategy and growth. Set up included registration to the AstroLabs national address and access to the thriving co-working space in Riyadh. As Retailo grows and expands in Saudi Arabia, AstroLabs Talent will also be there to support recruitment of the best people from the region to drive its growth” said Alex Nichols, Business Development Lead at AstroLabs.
Photo: Talha Ansari at AstroLabs
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