The Saudi company Cloudshelf has secured Seed funding from SEEDRA Ventures and Angel Investors. Founded in 2021, the company specializes in operating a chain of micro-fulfillment dark stores enabling E-Commerce stores with all the operational solutions needed to operate in the Q-Commerce industry. The Q-Commerce Industry in MENA is expected to grow at an impressive CAGR of 17.0% YoY to reach to a value of USD 47b by 2030, driven by consumer behavior and emerging technologies.
The company aims to invest in the growth of its business and to complete the geographical expansion, research and development, and the development of new products and services for its customers, contributing to the growth in the sector.