Q-commerce startup Ninja raises pre-Seed round
- Saudi Arabia-based quick commerce startup Ninja, has raised a pre-Seed round led by Bunat Ventures, along with multiple VCs from the region, the US, and family offices in Saudi.
- Founded by Saud Al Qahtani and Canberk Donmez, Ninja is a quick-commerce (q-commerce) offering the delivery of groceries and other products in under 25 minutes from its network of “dark stores”. Besides grocery, the startup's product category also includes beauty and skincare items and pet food and supplements.
- The startup came out of stealth model four months ago and is now operating in Jeddah, Riyadh and the Eastern Province of the country.
Q-commerce startup Ninja closes a pre-Seed round led by Bunat Ventures, alongside multiple VCs from the region, the USA, and family offices in Saudi. Ninja is a technology startup company founded and operated in the Kingdom of Saudi Arabia, specialising in the quick commerce space.
Bunat Ventures is a regional venture builder VC with a focus on Saudi Arabia. Commenting on the deal, Khaled Zainalabedin and Khalid Saad, co-founders and managing partners of Bunat Ventures, “As a venture builder, we look for and support teams who are passionate about technology and empowering change in the Kingdom of Saudi Arabia. Our objective is to invest and setup value adds startups that would become leading players within Saudi Arabia and be positive contributors to Vision 2030. We are proud of the progress of Ninja’s team, both on the development of the technology, building the dark stores in record time, deployment of the teams and becoming live in three major regions of the Kingdom.”
Users of the app benefit from access to thousands of items from fresh produce to skincare, beauty, and pet food.
Chadi Hajjar, co-founder and chief investment officer of Bunat Ventures, said, “The innovation ecosystem of our region and Saudi specifically is healthily growing, we keep striving to be the first in of best-led startups, building from ideation to going live is exciting, especially when the team is getting things done for a reason, leading for impacting.”