Saudi logistics startup Mkhdoom raises $1.1 million
Saudi Arabia-based logistics provider, Mkhdoom, has secured $1.1 million (SAR 4 million) in a Seed round led by Aljabr Company, with participation from angel investors.
Founded in 2019 by Ahmed Almutairi, the logistics startup provides last-mile delivery services to the e-commerce sector.
The logistics service provider received its licence from Saudi’s Communications and Information Technology Commission (CITC) in 2020. The startup is currently serving over 1500 e-commerce platforms with last-mile delivery services.
Mkhdoom aims to use the investment to expand within Saudi Arabia and to develop the platform while improving the user experience of people using logistics services to run their e-commerce ventures.