Sardab Raises $10 Million for Expansion in Saudi Arabia and Gulf Countries

Sardab, a Saudi startup in the logistics services sector, has raised $10 million (37.5 million Saudi Riyals) in a Series A funding round, co-led by Elm Company and investor BECO Capital. Founded in 2022, Sardab provides a technology platform that enables companies to access storage, transportation, and inventory management services through a unified system. The company will use the funding to expand in Saudi Arabia and Gulf countries, grow its logistics network, and enhance its technology platform, including improving its artificial intelligence capabilities. Since graduating from the Y Combinator program, Sardab has recorded a twenty-fold increase in revenue, achieved profitability, and currently serves over 850 clients. The company adopts a flexible model that combines a wide network of partner warehouses with directly managed facilities, providing companies with greater flexibility and clearer visibility into their operations. The funding aims to expand Sardab's services and reach a larger segment of businesses in the region.

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