Monday, June 17, 2024
HomeFunding UAE-Based Shorages Secures $1 Million in Pre-Series A Funding

[Funding Alert] UAE-Based Shorages Secures $1 Million in Pre-Series A Funding

Shorages, a fulfilment start-up with headquarters in the GCC, made the announcement that, after a successful launch in Saudi Arabia, it had raised $1,000,000 in a pre-series A round of funding.

Shorages, a fulfilment start-up with headquarters in the GCC, made the announcement that, after a successful launch in Saudi Arabia, it had raised $1,000,000 in a pre-series A round of funding.

In order to give retailers in the GCC the infrastructure they require to enable online sales, Shorages offers a network of fulfilment centres.

The company has fulfilment centres in the United Arab Emirates and Saudi Arabia (KSA), enabling it to receive inventory and ship orders both domestically and internationally for its merchant partners.

Read also – India-Based Plane Secured $4 Million in Seed Funding

Shorages is a multichannel logistics supplier offering the tools necessary to support merchants in starting and growing their businesses through both B2B and B2C channels.

Shorages has helped a number of firms distribute their products both online and offline up to this point. Additionally, the business uses economies of scale to negotiate advantageous terms with suppliers, which it then offers to its merchants. The business is especially focused on developing its technologies.

For merchants to operate through, Shorages’ order fulfilment and warehouse management system serves as a common software platform.

Merchants have total insight over their stock levels, order statuses, and sales performance when they log into the site. The programme works flawlessly not only with marketplaces like Amazon and Noon but also with B2C channels like Shopify, Sala, and WooCommerce.

Read also – Singapore-Based Affirma Capital Secured $370 Million in Funding

Furthermore, the organisation integrates its own software throughout its fulfilment centres to enable personnel to effectively handle inventory and process orders.

Shorages intends to open more warehouses throughout the GCC, hence the purpose of this most recent round will be mainly worldwide expansion.

The company intends to facilitate brand expansion inside the Kingdom by creating a bridge between the United Arab Emirates and Saudi Arabia, given that KSA is already a well-established entity. Joa Capital led the financing as part of their S3 Ventures Fund.

About Shorages

Shorages is a start-up company established in the UAE and KSA that is upending the warehouse sector. Brands may start and grow their operations throughout the GCC with the aid of this network of fulfilment and distribution centres.

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular