Data News > Saudi Startup Ninja Secures $250 Million in Funding Round Led by Riyad Capital
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Saudi Startup Ninja Secures $250 Million in Funding Round Led by Riyad Capital
By KlickAnalytics Data Insights | July 3, 2025 03:01AM ET
- The q-commerce startup Ninja has raised $250 million in a funding round led by Riyad Capital, achieving a $1.50 billion valuation.
- The investment positions Ninja as a tech unicorn in Saudi Arabia.
- Ninja plans to utilize the funding to expand operations, enhance logistics capabilities, and prepare for a public listing on the Saudi Exchange (Tadawul) by 2027.
Founded in 2022 by Saud Al Qahtani and Canberk Donmez, Ninja specializes in delivering groceries and daily essentials across Saudi Arabia, Bahrain, Qatar, and Kuwait. The recent funding round signifies Ninja's growth trajectory and strategic plans for future expansion.
The Kingdom of Saudi Arabia is witnessing a surge in tech firms considering IPOs, with PetroApp, a digital fuel and fleet management platform, also revealing its intention to go public on Tadawul. The support from Riyad Capital further solidifies Saudi Arabia's position as a burgeoning venture capital hub in the MENA region.
Ninja's successful funding round underscores investor confidence in the startup's innovative business model and strong growth potential. With plans to list on the Saudi Exchange within the next few years, Ninja is poised to continue its rapid growth and disrupt the e-commerce landscape in the region.
With Saudi Arabia emerging as a hotspot for tech investments and IPOs, Ninja's latest funding milestone showcases the vibrancy and potential of the Kingdom's tech startup ecosystem. As the company gears up for its upcoming IPO, all eyes will be on Ninja to see how it navigates the dynamic market landscape and continues to innovate in the competitive q-commerce sector.
- The investment positions Ninja as a tech unicorn in Saudi Arabia.
- Ninja plans to utilize the funding to expand operations, enhance logistics capabilities, and prepare for a public listing on the Saudi Exchange (Tadawul) by 2027.
Founded in 2022 by Saud Al Qahtani and Canberk Donmez, Ninja specializes in delivering groceries and daily essentials across Saudi Arabia, Bahrain, Qatar, and Kuwait. The recent funding round signifies Ninja's growth trajectory and strategic plans for future expansion.
The Kingdom of Saudi Arabia is witnessing a surge in tech firms considering IPOs, with PetroApp, a digital fuel and fleet management platform, also revealing its intention to go public on Tadawul. The support from Riyad Capital further solidifies Saudi Arabia's position as a burgeoning venture capital hub in the MENA region.
Ninja's successful funding round underscores investor confidence in the startup's innovative business model and strong growth potential. With plans to list on the Saudi Exchange within the next few years, Ninja is poised to continue its rapid growth and disrupt the e-commerce landscape in the region.
With Saudi Arabia emerging as a hotspot for tech investments and IPOs, Ninja's latest funding milestone showcases the vibrancy and potential of the Kingdom's tech startup ecosystem. As the company gears up for its upcoming IPO, all eyes will be on Ninja to see how it navigates the dynamic market landscape and continues to innovate in the competitive q-commerce sector.
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