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Palestinian Startup WeDeliver Secures $2.4 Million In Pre-Seed Investment Round

By SWB Team

WeDeliver, a Saudi Arabia-based B2B last-mile delivery startup, has raised a $2.4 million Pre-Seed Funding Round from Saudi logistics company Salasel Alemdad, VEST investment company, Palestine Paltel Telcom Group, the Mutasami family fund, Arcom Technologies, a group of angel investors, and members of the Riyadh Chamber of Entrepreneurship Organisation. This Pre-Seed Round is the largest for a Saudi-based startup and the third-largest for a startup in the MENA region.

Founded by three industry entrepreneurs, the company launched operations in Riyadh in April 2020. Since then, it has expanded operations to include Jeddah and Dammam and is ready to disrupt the logistics industry.

WeDeliver has built an innovative asset-light operational model backed by technology to provide reliable and cost-efficient last-mile delivery services. The startup is promising same-day delivery for same city shipments by utilising crowdsourced fleets of freelancers and crowdsourced warehouses.

The tech-driven platform connects e-commerce businesses with drivers heading in the right direction to deliver their parcels to the end consumers. A more exciting part of their model is the crowdsourcing of its hubs, which include easy-to-find locations used as collection spots to make it easier and faster for freelancer drivers to pick up bulk parcels at once and deliver them to nearby areas.

“WeDeliver is a MENA start-up with a global vision, driven by an experienced team. We have ambitious plans to enrich our growth in the Saudi market and look forward to expanding to new regional markets,” says Ahmad Ramahi, Co-founder and CEO of WeDeliver. “We believe that our asset-light collaborative model will disrupt intra-city logistics, enabling faster, more efficient, low-cost delivery for businesses and online sellers,” continues Ramahi.

The company’s founders are Ahmad Ramahi, former Careem operations manager, Mohammad Abu Kwaik, former head of technology at Nana, and Nasser Almaawi. 

The start-up is eager to partner with strategic institutional and individual investors who can add value beyond capital and support the promising expansion plans.

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