عربي

Shgardi raises investment to expand regionally

Dunya Hassanein •

Shgardi raises investment to expand regionally

Saudi Arabia-based on-demand delivery startup Shgardi, has raised a seven-digit figure investment from Riyadh-based Mad’a Investment Company.

The last mile startup was founded in 2019 by Abdulaziz Al-Mousa and this latest round of funding will be used to expand its scope of on-demand delivery offerings and grow its regional footprint. 

"Within only two months, our customer base increased from 100,000 to one million and we also managed to onboard 300,000 couriers over three months,” said Tarek Dahab, co-founder and chief technology officer (CTO) at Shgardi .

This rapid growth has been a result of the lockdown measures in Saudi Arabia

 

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