Saudi Arabia-based Nana raises $133 million in Series C investment

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In the yearNanaIn the yearSaudi Arabia-based dark store delivery platform has closed a Series C investment of Saudi Arabian Riyal (SAR) 500 million ($133 million) led by Kingdom Holding Company (KHC) and Uni Ventures.

The round was attended by Red Diamond Company, Aljamaz Holding, Sultan Holding, Dallah Al Baraka Group and Al-Jasser Holding, among others.

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Sami Alhelwah, CEO of Nana, said the company will use the funds for expansion plans and provision of various services.

According to Talal Al Maiman, CEO of Kingdom Holding Company, this investment is in line with KHC’s aim to invest in Saudi startups and strengthen its local investment portfolio.

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Founded in 2016 by Abdulmejid Alsukan and Sami Alhelwah, Nana is dedicated to meeting the daily, weekly and monthly grocery needs of the home. In the Saudi market, he created the dark shop model and delivered orders to customers within 15 minutes.

Since its launch, the startup in Saudi Arabia has achieved over 10 million orders and recorded downloads; Wamda

Kingdom Holding Company has invested in various sectors. It holds majority stakes in sectors ranging from hotel management and technology to media and publishing and more. VC firm Uni Ventures is a member of ORSCOM Investment Group.

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