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Mobility Logistics Saudi Arabia

Saudi Arabia-based logistics startup RedBox raises $5 million

RedBox, a Saudi Arabia-based logistics startup has raised $5 million in its pre-Series A funding round led by RAAF Holding Company and Mad'a Investments. * The funds will help the firm to improve its logistics solutions, advance customer experience and enter into new markets, it claims. * RedBox is a

Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Updated
Saudi Arabia-based logistics startup RedBox raises $5 million
Photo by Bench Accounting / Unsplash

RedBox, a Saudi Arabia-based logistics startup has raised $5 million in its pre-Series A funding round led by RAAF Holding Company and Mad'a Investments.

  • The funds will help the firm to improve its logistics solutions, advance customer experience and enter into new markets, it claims.
  • RedBox is a tech-led logistics company that allows customers to pick up delivered parcels from its nearest smart lockers present in over 18 cities in the Kingdom of Saudi Arabia (KSA).
  • The firm plans to increase its smart stations to 800 by year-end.
Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Updated

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