Saudi grocery delivery start-up Nana raised $133 million in funds

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Saudi grocery delivery start-up Nana raised $133 million in funds as it looks to expand in the Kingdom, according to a report by the Saudi Press Agency.

Nana is the first platform in Saudi Arabia to offer the sale and delivery of groceries. Kingdom Holding Company and Uni Ventures led funding for Nana’s record Series C investment round. Sultan Holding, Al-Jasser Holding, Red Diamond Company, Dallah Al-Baraka Group, AlJammaz Holding, and others also contributed to one of the largest investment rounds for a Saudi start-up. Since launching the app has been downloaded more than 10 million times.

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Saudi grocery delivery start-up Nana raised $133 million in funds

Saudi grocery delivery start-up Nana raised $133 million in funds as it looks to expand in the Kingdom, according to a report by the Saudi Press Agency.

Nana is the first platform in Saudi Arabia to offer the sale and delivery of groceries. Kingdom Holding Company and Uni Ventures led funding for Nana’s record Series C investment round. Sultan Holding, Al-Jasser Holding, Red Diamond Company, Dallah Al-Baraka Group, AlJammaz Holding, and others also contributed to one of the largest investment rounds for a Saudi start-up. Since launching the app has been downloaded more than 10 million times.

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.

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