The round was led by early stage venture capitalists OTF Jasoor Ventures, and Hambro Perks Oryx Fund — a Middle East and North Africa-focused investment fund according to Magnitt.
Sultan Holding, Saudi Venture Capital Co., family offices, and angel investors have also participated in as well.
“Technology is the heart of our startup; our location-driven solutions built using machine learning, route optimization, process automation, and chatbots help optimize the delivery process and cater to their fast-growing business needs,” Magnitt reported, citing BARQ executive Mohammad AlMarwani.
Founded in 2020, the startup provides prompt deliveries to business through its latest up to date delivery technologies.
Photo Courtesy: Write Caliber, Istock
Source: Arab News
