- Saudi Arabia-based B2B marketplace Retailo has acquired UAE-based DXBUY for an undisclosed amount. The acquisition is part of Retailo's expansion and growth plan across the Middle East, North Africa and Pakistan region and will help the company develop inroads into the hotel, restaurant and cafe business.
- Founded by Talha Ansari, Wahaj Ahmed, and Mohammad Nowkhaiz in July 2020, Retailo provides a one-stop shop for SMEs and retailers, enabling them to discover and procure products for their stores with the promise of having them delivered in 24 hours. The company raised $36 million in February this year.
- DXBUY was founded in 2019 by Adnan Zubairi and Rizwan Zubairi. Both founders will join the Retailo team.
Source: Gulf News
Retailo, the fastest growing B2B startup in Middle East, North Africa, and Pakistan (MENAP) region recently acquired DXBUY in the UAE. DXBUY is a pioneering B2B platform serving as a marketplace for thousands of restaurants and cafes. The acquisition is part of Retailo’s relentless growth and expansion plans for the MENAP region.
Onboarding DXBUY will develop further inroads for Retailo into the lucrative hotel, restaurant, and café (HORECA) business, enabling the company to scale it across the region. The HORECA industry is expected to be $60 billion in less than five years in MENAP. Taking a bold step into such a large market is in line with Retailo’s mission and aggressive regional growth strategy.
Hotels, restaurants, and cafes (HORECA) use informal, broken, and chaotic supply chains for inventory purchase. They work with multiple suppliers following a strict delivery cycle which restricts their flexibility. Since the orders in a café or restaurant are often seasonal and unpredictable, and top-quality fresh ingredients are crucial, a fixed delivery schedule causes many issues including wastage.
At times, the restaurant owner must make the purchases directly from the wholesale market to fulfil their immediate business need that results in waste of time and resources. There is a great need for a tech-enabled solution that removes all these issues with the push of a few buttons.
Using Retailo’s app will ensure a single-window operation that will provide restaurants and cafes a large number of quality ingredients to choose from, price discovery for smart purchases, faster delivery cycle to avoid wastage, tech enabled inventory management, and many other features and services. Since deliveries can take place every day and at the restaurant owner’s convenience, ordering perishables will no longer be an issue thus ensuring end customer satisfaction and increased business value.
Speaking about the acquisition Retailo’s Head of Investment and Strategy Himag Vaidya said, “We are excited about the acquihire of DXBUY and expanding the Retailo family by bringing in formidable talent that will empower restaurants and cafes across MENAP. Retailo is becoming an even more robust institution with a reach in multiple markets and business verticals. We are increasing our regional and commercial footprint and furthering our mission of adding value to the lives of small business owners.”