- Saudi startup Ninja joins the unicorn club, reaching a $1.5B valuation after raising $250M in a funding round led by Riyad Capital.
- Founded in 2022, Ninja provides rapid last-mile delivery services across Saudi Arabia, Bahrain, Qatar, and Kuwait.
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The tech-powered logistics platform enables the delivery of a wide range of products—from groceries to pet supplies aligning with Saudi Arabia’s tech-driven vision.
Saudi Arabia’s express delivery startup Ninja has officially joined the region’s elite unicorn club after raising $250 million in a funding round led by Riyad Capital, bringing its valuation to $1.5 billion, according to sources cited by Bloomberg. This major milestone reflects the kingdom’s accelerating push to lead in technology and logistics innovation.
Founded in 2022, Ninja has rapidly expanded its operations across Saudi Arabia, Bahrain, Qatar, and Kuwait, offering fast last-mile delivery services for a wide range of products—from groceries and pharmaceuticals to pet supplies—through a highly agile, tech-powered logistics platform.
The company leverages advanced technologies, including real-time tracking and AI-driven route optimization, to deliver a seamless and efficient customer experience.
Ninja’s unicorn status marks a significant achievement for Saudi Arabia’s startup ecosystem and aligns with the goals of Vision 2030, which seeks to boost the digital economy and diversify the nation’s investments in high-growth sectors.
With the fresh capital, Ninja plans to further scale its operations across the GCC, enhance its logistics infrastructure, and roll out new tech-driven services aimed at redefining last-mile delivery in the region.
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