Nawel, a cutting-edge Saudi tech startup specializing in revolutionizing logistics and supply chain solutions has raised $1 million in a pre-seed funding round led by NOMD Holding, a prominent investment firm known for its support of innovative startups in the technology sector.
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In order to streamline company processes and improve the client experience overall, Nawel intends to use the latest investment to accelerate its growth, extend its network, improve its infrastructure, and build its unified warehouse management system.
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“This pre-seed funding round marks a significant milestone for Nawel, and we’re excited to have NOMD Holding as a strategic partner on our journey,” said Mohammad Balsharaf, Co-Founder and CEO of Nawel. “The support from NOMD Holding validates our mission to redefine how businesses approach storage, fulfillment, and delivery, ultimately enhancing customer experiences across the board.” Nawel’s unique offering includes the establishment of delivery hubs that serve as sorting centers for bulk parcels, allowing for faster and more cost-effective last-mile delivery. The startup’s micro-fulfillment solutions further empower the “quick commerce” sector by enabling rapid fulfillment of fast-moving and promotional items, unlocking new avenues for growth for ecommerce businesses.
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“We’re thrilled to lead this pre-seed funding round for Nawel,” stated Mohammad Al khushil, Chairman at NOMD Holding. “Their innovative approach to optimizing logistics aligns perfectly with our investment strategy, and we believe Nawel has the potential to make a significant impact on the future of supply chain management in the region.” With this injection of capital, Nawel aims to accelerate the expansion of its network and enhance its technological infrastructure. The funds raised will also be utilized to further develop Nawel’s unified warehouse management system, enabling businesses to streamline their operations and provide exceptional customer experiences.
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About Nawel
Nawel is a Saudi-based tech startup founded in Riyadh in 2022 by Mohammad Balsharaf and Nawaaf Alshalani. Nawel provide innovative storage services for e-commerce and Business that enables them to get their products to their customers quickly and efficiently, ensuring high customer satisfaction. Nawel leading provider of storage services in Saudi Arabia through a wide network of logistics service centers distributed across the country.
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