- Saudi Arabia-based beauty e-commerce platform Kaya, has raised a $2.6 million Seed round from Revival Lab, with participation from Al-Dowayan Investment Company and Al-Sulaimaniya Investment Group.
- Founded in 2018 by Abdulaziz Bin Saleh Al-Lahidan, Kaya provides its customer with multiple beauty and personal care brands on its online marketplace.
- Kaya will use the funds to develop its digital infrastructure, provide logistics services, and for its future expansion and growth plans.
KSA-based Kaya, an e-commerce and Logistics solutions company specialising in beauty and personal care, has closed a Seed funding round of $2.6 million from Revival Lab, a startup studio, with participation from Al-Dowayan Investment Company and Al-Sulaimaniya Investment Group.
Kaya started in 2018 with a direct-to-consumer business model and has boosted the growth of its online sales by developing and building innovative brands in beauty and personal care, which added to its portfolio more than 5 brands specializing in skincare and cosmetics such as Florucci, Cecilia, Diar Argan and Tiyati, in addition to a few online stores, the most well-known of which is Aynma store.
According to Dr Abdulaziz Bin Saleh Al-Lahidan, founder and CEO of Kaya, the aim of the funding round was to develop the company's digital infrastructure and provide logistics services that will help us continue to grow and expand and achieve our ambitious targets in the future.
Mr Mohammed Al-Maghlouth, CEO of Revival Lab, stated: “We’re proud to be a partner with Kaya. We are working together with the team to achieve our strategic goals of promoting growth and expansion initiatives in the personal care and beauty sector inside and outside the Kingdom of Saudi Arabia”.
Kaya will be utilizing the funds to develop its digital infrastructure, provide logistics services, and for its future expansion and growth plans.