Alsaree3 has effectively expanded its dark store operations this year to meet growing demand for fast trade and plans to upload new features, such as scheduled deliveries, to its offering in 2023.
Baghdad, Iraq: The Alsaree3 group, consisting of Alsaree3 (food delivery) and Al Zajel Express (last-mile delivery services), closed a 7-digit in December 2022, bringing its total amount of investment raised to more than US$6. 5 million.
Alsaree3 Group founder and CEO Bassam Al-Ateia said: “This financing will allow us to increase our market share and expand our presence in Baghdad and Basra. We are on track for profitability through the first quarter of 2024. “
M. Al-Ateia continued, “We have established a wonderful acceptance with our consumers. Iraqis know us as their local delivery platform that provides the widest variety of their favorite restaurants and provides fast, top-notch service. Our expansion to supermarkets last year’s delivery was a success because our consumers know that we will provide the fastest delivery time in the market and that we pay close attention to the condition of the product.
Despite a challenging macroeconomic environment, the Alsaree3 Group has controlled its capital and inspired its shareholders with its power and performance. Euphrates Ventures led this existing circular and said: “Alsaree3 is developing successfully as the local expertise of management is not replicated smoothly through competition. “Alsaree3 does more with less, paving the way for impressive and exclusive profitability for a company at this level of development.
Alsaree3 has effectively expanded its dark store operations this year to meet growing demand for fast trade and plans to upload new features, such as scheduled deliveries, to its offering in 2023.
There is also a significant opportunity for Al Zajel, its B2B, B2C and C2C delivery arm. Al Zajel has strategic partnerships with Zain Cash, among other well-known corporations in the banking and e-commerce sectors in Iraq. Al Zajel plans to capitalize on the country’s developing demand for electronic services and home deliveries.
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Contact information: Laura Olivier Khudairi info@iraqtechventures. com
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