Kuwait-based Teeela raised $3.75Mn in Pre-Series A led by Saudi Arabian investment firm Wealth Well

Share via:

Kuwait-based Teeela, a gifting platform and app, raised $3.75 million in Pre-Series A led by Saudi Arabian investment firm Wealth Well and supported by strategic investment from Mad’a Investment Company, and other prominent investors.

Teeela offers thousands of toys, as well as customised and personalised gifting options such as bespoke wrapping and last-minute ordering. The platform is designed to make gifting and purchasing toys for families simple, quick, and personalised. Teeela will use the funding to expand across the GCC, with strategic expansion in the Kingdom of Saudi Arabia and the United Arab Emirates on the horizon. The startup is aiming for the $30 billion Middle Eastern gifting market, which includes family products, children’s goods, and toys.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Kuwait-based Teeela raised $3.75Mn in Pre-Series A led by Saudi Arabian investment firm Wealth Well

Kuwait-based Teeela, a gifting platform and app, raised $3.75 million in Pre-Series A led by Saudi Arabian investment firm Wealth Well and supported by strategic investment from Mad’a Investment Company, and other prominent investors.

Teeela offers thousands of toys, as well as customised and personalised gifting options such as bespoke wrapping and last-minute ordering. The platform is designed to make gifting and purchasing toys for families simple, quick, and personalised. Teeela will use the funding to expand across the GCC, with strategic expansion in the Kingdom of Saudi Arabia and the United Arab Emirates on the horizon. The startup is aiming for the $30 billion Middle Eastern gifting market, which includes family products, children’s goods, and toys.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Fund Of Funds For Startups Facilitated INR 18K Cr...

SUMMARY The government committed more than INR 10,500 Cr...

Number Of DPIIT-Recognised Startups Crosses 1.17 Lakh Mark

SUMMARY As per Economic Survey 2023-24, 13K Indian startups...

Paytm Shares Fall over 3% Intraday; Emkay Retains “Reduce’...

SUMMARY The decline in the stock's price comes after...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!