Pre-IPO

Riyadh

Abdullah Abdulrahman Alshwer

Abdullah Alfaris

Ahmed Alharbi

Hans-Peter Huber

Riyad Capital

Riyad Capital is a leading fully-fledged investment manager and the largest custodian in Saudi Arabia. Through its four business lines; asset and wealth management, brokerage, corporate investment banking and securities services, the company offers end-to-end investment management services.

Ninja

Grocery

Mobile Apps

Apps

Deliveries

Delivery Services

Food and Beverages

Internet Marketplace Platforms

Food Delivery

Ninja is a rapid delivery service based in Riyadh that provides groceries, bakery items, coffee, beauty and hygiene products, and more in under 30 minutes through its dark-store network and swift last-mile service.

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Three-year-old Saudi quick commerce platform Ninja has become the latest Middle Eastern unicorn with a $254 million pre-IPO funding round. The startup raised the latest capital in a round led by Riyad Capital, with participation from vii Ventures, Altia Investment, Tamasuk Al Rajhi, and other local investors. The round values the company at $1.5 billion.

It was first reported by Bloomberg last week and confirmed by the company on Monday. Ninja previously raised $30 million in 2022, according to Termsheet.

The Riyadh-based startup has emerged as the leading quick commerce platform in the region, operating across Saudi Arabia, Bahrain, Kuwait, and Qatar. Founded in 2022, Ninja offers on-demand delivery across multiple categories including groceries, household essentials, beauty products, pharmacy items. It also expanded into food delivery last year, taking on Delivery Hero and Jahez in some of the GCC markets.

InvestmentsThree-year-old Saudi quick commerce startup Ninja raises $254 million at a valuation of $1.5 billion

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Riyad Capital

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

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Top 8 sectors we invest in

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Executive Team Members

About

Legal

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Portfolio Companies
or Investments