Qatari e-commerce startup Snoonu raises $12 million in Series B funding

Snoonu, an e-commerce platform focused on providing diverse and fast delivery services to the Qatari market, has raised $12 million in a Series B funding round, becoming the first company in Qatar to do so.

It closed its Series A back in 2021 at $5 million and went on to acquire Oman-based Akeed last year. The Qatari tech company has also played a role in the country's economy by creating job opportunities and paid internships to provide fresh graduates with the chance to develop new skills.

Snoonu has also taken steps to reduce its carbon footprint, including testing electric delivery cars in collaboration with Al Attiya Group and Kia. Looking ahead, the company plans to focus on growth and continues to prioritize its mission of making people's lives more convenient.

Founder and CEO of Snoonu, Hamad al-Hajri, stated that the funding round's success was due to the team's hard work and dedication to delivering the best online experience to customers. The funding was led by Qatar Development Bank, a strategic partner of Snoonu, alongside other investors.

The Series B funding round marks a significant milestone for the company, which has been growing rapidly since its launch, and the funds raised will enable it to expand further and establish itself as a leader in the Qatari market.