• Saudi Arabia-based logistics technology platform Pickappo has raised $530,000 (SAR 2 million) in a pre-seed round backed by an angel investor and an investment fund to accelerate the development of its on-demand delivery infrastructure.
• Founded in 2023 by Waleed Ghonim and Ahmed Siam, Pickappo provides a technology layer that connects logistics companies, ordering platforms, online stores, and restaurants through a unified delivery network, positioning itself as an infrastructure provider for the on-demand delivery industry.
• The company will use the funding to further develop its technology products, strengthen its artificial intelligence and automation capabilities, attract talent, and expand its network of strategic partnerships.

Press release:

Pickappo, a Saudi-based logistics technology platform, today announced the successful closing of a SAR 2 million pre-seed funding round backed by an angel investor and an investment fund.

Founded by Waleed Ghloniem and Ahmed Siam, Pickappo is building the digital infrastructure that powers on-demand delivery services by connecting logistics providers, ordering platforms, online merchants, and restaurants through a unified delivery network.

The company plans to use the new capital to accelerate the development of its technology products, strengthen its capabilities in artificial intelligence and automation, attract top talent, and expand its network of strategic partnerships.

Pickappo aims to become a key technology enabler for the on-demand delivery industry by providing businesses with the infrastructure needed to simplify delivery operations and improve efficiency across the ecosystem.