- Saudi Arabia-based e-grocery platform Nana has received an undisclosed amount of investment from Kuwait-based VC firm Faith Capital.
Founded in 2015 by Ahmad Alsamani, Sami Alhelwah and Abdulmajeed Alsukhan, Nana has managed to triple its turnover during the past year, partnering with several hypermarkets such as Carrefour, Panda, Spar, Farm Superstores and Manuel, among others, and operates in 14 cities across Saudi Arabia.
In March 2020, Nana raised an $18 million Series B investment round led by key investors in the region including Wamda, Saudi Technology Ventures (STV), Middle East Venture Partners (MEVP), Saudi Venture Capital Company (SVC), Impact46 and Watar Partners.
Faith Capital announced on August 1st its participation in Saudi Arabia-based Nana’s Convertible Round. Nana is an online grocery marketplace platform that powers hypermarkets and helps them showcase their inventory to millions of users. Nana’s technology allows buyers to enjoy a seamless remote experience from the comfort of their homes, where a shopper prepares the order and has it delivered to the user’s registered address. The technology allows users to get a constant overview of the progress as well as track the delivery.
Founded by Ahmad Alsamani, Sami Alhelwah and Abdulmajeed Alsukhan in 2015, Nana has managed to triple its turnover during the past year, and partnerships with Carrefour, Panda, Spar, Farm Superstores, Manuel, among others have helped Nana offer the widest possible range of consumer packaged goods (CPG) to users all over Saudi Arabia. The platform currently serves 14 cities across Saudi Arabia.