Read on Twitter
1/ Nothing can come close to the kind of impact Careem has had on the entrepreneurial ecosystem of the region. Wherever you see, you& #39;ll find former Careem operators building the next group of breakout startups of the region.
2/ In the last 48 hours, three of them have announced significantly large investments: Sary, Retailo, Flextock. This obv. does not mean that they& #39;ve made it. There& #39;s a long way to go but all of these companies are off to a solid start (Sary way ahead with $500m GMV).
3/ Sary closed its $30.5 million Series B for its B2B ecommerce marketplace. The co-founder and CEO M. Aldossary was a former GM at Careem Riyadh. https://www.menabytes.com/sary-series-b/ ">https://www.menabytes.com/sary-seri...
4/ Retailo, also a B2B ecommerce marketplace raised $6.7 million in Saudi& #39;s largest seed. All three co-founders built and scaled products for Careem in different markets. https://www.menabytes.com/retailo-seed/ ">https://www.menabytes.com/retailo-s...
5/ Flextock is a special one as it is one of the first female-founded startups (by a Careem alum) that has been able to raise a large investment round. Its co-founder and COO Enas Siam in her most recent role led Careem Bus in Egypt. https://www.menabytes.com/flextock-pre-seed/">https://www.menabytes.com/flextock-...
