Saudi Arabia-based venture capital (VC) firm Vision Ventures has invested in smart locker startup RedBox. The announcement was made earlier today by Vision Ventures via its official Twitter account without disclosing further details regarding the investment.
RedBox helps merchants, e-commerce platforms as well as regular customers manage and effectively track their parcel shipping. It allows its clients to receive and return their packages through RedBox parcel lockers stationed around the Kingdom.
The company works with Shopify, Zid, Magneto and others, and its clientele includes major brands like Carrefour, Aramex, OTO and others.