- Salasa has closed a Series B funding round worth $30 million, led by Artal Capital, with participation from prominent investors including SVC, Wa’ed Ventures, 500 Global, and the Alsulaiman Group.
- Salasa provides integrated logistics solutions for the e-commerce sector, including shipping, distribution, inventory management, and delivery services.
- The company aims to use the new funding to expand geographically, develop its tech products, and increase the number of its dark stores to support the growth of the e-commerce sector in the region.
Salasa, a leading provider of logistics solutions for the e-commerce sector, has announced the closing of a $30 million Series B funding round, led by Artal Capital, with participation from Saudi Venture Capital Company (SVC), Wa’ed Ventures, 500 Global, and the Alsulaiman Group.
The funding will support Salasa’s plans for geographical expansion inside and outside the Kingdom, the development of its tech products, and the scaling of its dark stores, which play a key role in enhancing delivery experience and reducing delivery times for customers.
Founded in 2017 by Abdulmajeed Al-Yemni and Hasan Alhazmi, Salasa has built a comprehensive logistics platform tailored for the e-commerce sector, offering:
- Distribution and shipping
- Inventory management
- Customs zone operations
- Last-mile delivery
- Cross-border logistics
These solutions have enabled online retailers to enhance operational efficiency, reduce costs, and improve customer satisfaction.
It’s worth noting that the Alsulaiman Group also led Salasa’s Series A round in 2022, which raised $8.6 million, with participation from SVC and 500 Global.
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