Saudi on-demand delivery startup Wasel Lee has raised $133,000 in seed funding, the startup announced last week. The investment came from three individual investors.
Founded in 2017 by Emad Murad, it seems that Wasel Lee is a marketplace where users can request different types of on-demand services including food delivery, groceries, and even home maintenance services.
The Arabic-only platform is available as a mobile application for Android and iOS. We played with the app for Android and it looks very law. It is probably MVP of an MVP. The team may have been putting their efforts into building the supply and demand for marketplace but in terms of technology, they have a lot to catch up and that is where they will probably use the money.
In-case you were wondering they don’t have a landing page that we could link to.
What makes Wasel Lee different is however the fact that it is based in Jizan, the southern region of Saudi Arabia. It is probably the first time we are hearing about a startup from this particular part of the country raising an investment so that’s a great thing. Most of the activity is in Riyadh, Jeddah or Damam.
Wasel Lee went though the incubation program of Badir for Technology Incubators at their South Branch in Abha. The founder of the startup Emad Murad in a statement said that the investment will allow them to expand into new markets.
Latest posts by MB Staff (see all)
- Rush Brush witnesses increased consumer demand during pandemic - September 21, 2020
- Saudi angel groups Riyadh Angels and Najd Angels announce merger - September 14, 2020
- Kuwait’s Boutiqaat looking to raise fresh funds at a valuation of up to $1 billion: report - June 25, 2020