Saudi logistics platform Torod has raised $11.2 million in a pre-Collection A spherical led by Wa’ed Ventures and Elm, with the participation of Impact46, Hala Ventures, and Suhail Ventures. The startup had beforehand raised a $1.3 million seed spherical in 2022.
Based in 2022 by Faisal Almaklas and Ammar Almaatouq, Torod is an ecommerce delivery aggregator that allows on-line retailer homeowners to ship their merchandise utilizing completely different third-party logistics suppliers from a single interface. The platform additionally permits companies to trace their orders from the identical interface and affords completely different automation options
Torod integrates with main retailer builders like Shopify, WooCommerce, Magento, Salla, and Zid, together with delivery companions similar to Smsa, Aramex, and iMile.
Torod’s notable opponents within the area embody Saudi-based Oto, which raised an $8 million Collection A final 12 months, and Cairo-headquartered Voo.
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