Alsaree3 Food Delivery App Secures Funding for Regional Growth
Iraqi food and last-mile delivery app Alsaree3 has secured a significant seven-figure Series A investment to fuel its growth and empower the country’s startup ecosystem. This marks a major milestone for both the company and the Iraqi tech scene.
Capitalizing on Craving:
Fueled by the surging demand for convenient food delivery in Iraq, Alsaree3 will leverage this fresh capital injection to expand its reach, enhance its services, and solidify its leadership position in the Iraqi food delivery market.
Strategic Investment Boosts Alsaree3 Iraqi Tech:
The funding round, led by Euphrates Ventures with participation from prominent investors like Snoonu and Iraq Venture Partners (IVP), highlights the growing confidence in Iraqi startups. Significantly, Snoonu, a major Qatari e-commerce player, joins the round, forming a strategic alliance. This partnership will combine Alsaree3’s local expertise with Snoonu’s advanced logistics technology, creating a powerful force in the regional market.
Rising Tide Lifts All Boats:
This investment underscores the immense potential of the Iraqi startup scene, attracting regional powerhouses like Snoonu. In turn, Alsaree3’s success will have a positive ripple effect across the Iraqi startup scene. Mohammed Khudairi, IVP General Partner, emphasizes their commitment: “We’re behind Alsaree3, a high-potential Iraqi startup, and will support their journey.” Their success paves the way for a new era of innovation in the country.
Industry Experts Applaud:
- Bassam Al-Ateia, Alsaree3 Founder, expresses his enthusiasm: “Partnering with a leader like Snoonu, while retaining existing investors’ trust, benefits everyone. This investment will significantly impact the Iraqi startup ecosystem.”
- Hamad Mubarak Al-Hajri, Snoonu Founder & CEO, adds: “We’re proud to support Alsaree3 and the Iraqi startup ecosystem. Together, we see immense growth potential for an Iraqi company to thrive regionally.”
- Geoffrey Batt of Euphrates Ventures remarks: “Alsaree3 is a true Iraqi success story. This round signifies not just investment, but a valuable technology exchange between Snoonu and Alsaree3.”
Alsaree3’s journey underscores the remarkable potential of the Iraqi tech sector. With this significant funding, Alsaree3 is poised to revolutionize food delivery in Iraq and inspire a new wave of innovation in the region.