[ Fetchr raises $41M in Series B ]
Fetchr has raised $41 million in Series B funding.
Founded in 2012, Fetchr helps local merchants and global brands build, launch and grow profitable eCommerce businesses with an easy to use proprietary shipping and logistics solution. Fetchr is currently operational in UAE, Saudi Arabia, Egypt and Bahrain, with plans to expand its footprint in MENA and beyond. Fetchr is also partnering with governmental organizations like Oman Post, to deliver the technology-backed delivery solutions extending its technology through strategic partnerships.
The company will use the new financing to continue expanding globally and developing its proprietary technology.
|Country||United Arab Emirates|
|Founder / CEO||Idriss Al Rifai|
|New Enterprise Associates|
|Majid Al Futtaim Holdings LLC.|
|Nokia Growth Partners (NGP)|
|Previous Investors||New Enterprise Associates|
|Delta Partners Capital Limited|