Yahaal, a Kuwaiti ecommerce platform for child merchandise has raised an undisclosed quantity of funding in a Collection A spherical, it introduced in a press release to MENAbytes final week.
The story has been coated by completely different shops within the area (together with The Roundup) saying that the Kuwaiti startup has raised $27 million on this spherical – which isn’t true. The $27 million half in Yahaal’s press launch that it despatched out to information shops refers back to the valuation of the startup, not the amount of cash it has raised, it informed MENAbytes. It’s not disclosing the scale of the funding. The cash got here from Kuwait-based VC Seeds Companions and AlMutamaiz Worldwide Firm.
Based in 2017 by Ali AlZankawi, Yahaal is a mobile-only ecommerce platform promoting child merchandise, starting from diapers and meals to toys and kit. The startup has its personal last-mile supply fleet, enabling it to supply supply as fast as half-hour in some areas of Kuwait, it informed MENAbytes. Yahaal additionally mentioned that in-house supply options have additionally helped it enhance the order help, route planning, and operational efficiency.
Its Android app has been downloaded over 10,000 occasions and apparently, the variety of iOS app downloads are additionally in the identical vary. Yahaal declined to share the variety of orders it processes and the shoppers it serves (on a month-to-month foundation).
Ali AlZankawi, Yahaal’s co-founder and CEO, in a press release, mentioned that Covid-19 has helped them purchase many new prospects,”Whereas the Covid-19 pandemic interrupted markets throughout cities and international locations, the demand for on-line procuring has considerably elevated. Through the early phases of the pandemic, we witnessed a large number of new prospects utilizing Yahaal App and we’re proud to have retained an incredible share of these prospects.”
The startup, with out sharing additional particulars, mentioned that it plans to make use of the newest funding for its growth.
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