Saudi logistics platform Torod has raised $11.2 million in a pre-Series A round led by Wa’ed Ventures and Elm, with the participation of Impact46, Hala Ventures, and Suhail Ventures. The startup had previously raised a $1.3 million seed round in 2022.
Founded in 2022 by Faisal Almaklas and Ammar Almaatouq, Torod is an ecommerce shipping aggregator that enables online store owners to ship their products using different third-party logistics providers from a single interface. The platform also allows businesses to track their orders from the same interface and offers different automation features
Torod integrates with major store builders like Shopify, WooCommerce, Magento, Salla, and Zid, along with shipping partners such as Smsa, Aramex, and iMile.
Torod’s notable competitors in the region include Saudi-based Oto, which raised an $8 million Series A last year, and Cairo-headquartered Voo.
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