The on-demand delivery startup is now poised to push through with expansion plans.
Dubai-based delivery startup,YallaMarket, has raised a $2.24 million bridge investment to fuel its expansion within the UAE, with a conglomerate of investors including Doha Tech Angels, Flyer One Ventures, and AngelsDeck participating. This newly-configured investment on the back of a $2.3 million seed round, bringing the aggregate funding to $5 million within a meager three-month period.
YallaMarket delivers groceries, on-demand goods, and all-around food delivery within JLT, Business Bay, Dubai Marina, and JVC-based areas of Dubai. Built on rapid delivery service, YallaMarket’s clients receive orders in a mere 15 minutes due to their centralised locations and extremely swift pick-up speeds. A one of a kind selection of goods coupled with an array of inaccessible dark stores allows for orders to be picked up just 3 minutes subsequent to their purchase. For co-founder and CEO, Leo Dovbenko, their expansion plans have come just at the right time.
“The developments of the last two months proved that entering the UAE market was the right thing to do,” he said. “Daily orders growth validates that MENA consumers need instant grocery delivery to save their time. The interest from the established international companies also confirms that the region's q-commerce market will be driven by the grocery segment.”