Subscribe

Subscribe to Our Newsletter

Success! Now Check Your Email

To complete Subscribe, click the confirmation link in your inbox. If it doesn’t arrive within 3 minutes, check your spam folder.

Ok, Thanks
E-commerce kuwait

Kuwait-based gifting platform Teeela raises over $3 million in funding

Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Updated
Kuwait-based gifting platform Teeela raises over $3 million in funding
Photo by Kira auf der Heide / Unsplash

Teeela, a Kuwait-based customized gifting platform has raised $3.75 million in its pre-Series A funding round led by Well Wealth, a Saudi-based investment firm, with participation from Mad'a Investment company and others.

  • The capital will be used for its regional expansion, product development, and hiring of new talents, the startup claims.
  • Teeela offers a large selection of toys, with customized and personalized gifting options including bespoke wrapping and last-minute ordering.
  • The gifting app has conversion rates four to five times higher than the average e-commerce marketplace and high customer retention.
  • It intends to expand to the Kingdom of Saudi Arabia and the United Arab Emirates.  
Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Updated

Subscribe to Techloy.com

Get the latest information about companies, products, careers, and funding in the technology industry across emerging markets globally.

Success! Now Check Your Email

To complete Subscribe, click the confirmation link in your inbox. If it doesn’t arrive within 3 minutes, check your spam folder.

Ok, Thanks

Read More