Business Chief Europe Magazine June 2023 | Page 71

TOP 10
Sami Alhelwah ( CEO ), Abdulmajeed Alsukhan , Bakr Elsherif , Ahmed Alsamani

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NANA

Location : Saudi Arabia Founded : 2016 Founders : Sami Alhelwah ( CEO ), Abdulmajeed Alsukhan , Bakr Elsherif , Ahmed Alsamani Total funding : US $ 212.2m
Saudi ’ s first grocery delivery platform Nana is looking to expand its services regionally and diversify following a Series C US $ 133m funding raise led by Kingdom Holding , investment company of Prince Alwaleed bin Talal . Nana , which stands out regionally for its dark store model , where orders are delivered to customers within 15 minutes , has broken records in orders fulfilled and downloads registered – 10 million to date . The startup , which operates in more than 18 cities in KSA , and features more than 22,000 products , is aiming to be a leader in its sector regionally in an estimated market size of more than US $ 165bn .
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