Kitab Sawti, the Arabic audiobook startup has been witnessing rapid growth in the number of installs, registered users and paying subscribers on its platform, it announced in a statement to MENAbytes earlier this week.
The Stockholm-born startup that’s now headquartered in Dubai, produces and distributes Arabic audiobooks, summaries, and podcasts, and has most of its users in the Middle East & North Africa.
In a statement, the startup claimed that it has doubled the number of paying subscribers, installs, and registered users in the last five months, without disclosing further details about the numbers. The platform has over a million registered users. A company representative has told MENAbytes that most of its new users and paying subscribers have joined from Saudi.
Founded in 2016, Kitab Sawti claims to have the biggest library of Arabic audiobooks in the world, with titles from globally known authors including Stephen Hawking, Saud Al Sanousi, and business editorials like Harvard Business Review.
It had raised $6 million in a Series A round from Sweden’s Bonnier Ventures and Dubai-based Kaaf Investments. Careem’s co-founders Adbulla Elyas and Magnus Olsson are also among Kitab Sawti’s investors.
Sebastian Bond, the founder of Kitab Sawti, said, “The new habits have flourished during lockdowns across the Middle East, and we have seen that coincide precisely with the growth in the number of users on the app across markets. As people shift to the new-normal we expect these new behavior patterns to persist as part of their routines. Audio content provides a resilient production cycle, even though affected by the pandemic, it’s faster and cost-efficient to adapt to new times.”
Kitab Sawti has recently also partnered with Careem and now allows Careem users to exchange their reward points to buy Kitab Sawti subscriptions.
(The story was updated to reflect that Kitab Sawti is now headquartered in Dubai.)
Latest posts by Zubair Naeem Paracha (see all)
- Unity Retail, a Pakistani logistics aggregator for online sellers raises six-figure seed - January 18, 2021
- Rain raises $6 million Series A from MEVP & Coinbase to grow its Middle Eastern cryptocurrency exchange - January 17, 2021
- Delivery Hero launches DX Ventures, a $60 million early-stage fund to invest in global startups - January 12, 2021