Cartlow closes first round of funding
Cartlow, an e-commerce startup that is pushing the "re-commerce" sector in the country, has secured an unspecified 6 digit USD figure in its first round of funding.
The UAE startup is one of the first ‘re-commerce’ apps in the region, filling a gap in the pre-owned market by providing a solution for both retailers and consumers while sustaining the environment. With this investment, Cartlow plans to enhance technology and focus on near-future expansion to various GCC countries.
Cartlow Founder, Mohammad Sleiman, comments “We are aiming to boost our selection and B2B solution while scaling our technology and expanding to other countries in the GCC region. Our first round of investments came with the aim to grow the business while keeping our promise to offering consumers a ‘smarter way to shop’.”
“Consumer adaption to the ‘pre-owned goods’ market is growing as trust is built with quality checks for each product. While other businesses may connect the buyers and sellers, we are raising the bar of the pre-loved items by providing a quality service by offering warranty, return policy, and extra value-added services such as installment plans, and much more launching soon” Mohammad says.