BulkWhiz touts itself as the first-of-its-kind AI-powered bulk value e-commerce platform in the Arab world, but it doesn’t want to remain just a regional force. The startup harbors an ambitious goal of going global soon after cementing its position in its home turf.
On that front, the company gained a massive boost earlier this year after investors from four different countries — the UAE, Kuwait, China, and the US — eagerly participated in its Series A round led by BECO Capital.
Commenting on this huge success of the company, Amira Rashad, CEO and co-founder of BulkWhiz, said: “We are very excited to be scaling our platform to address a huge market opportunity across the region through leveraging our homegrown technology.”
“As a mom, I am acutely aware of the challenges of grocery shopping from wasted time, and running out, to not getting proper service or value for money. Frankly, I am excited that BulkWhiz is addressing all these challenges one by one for MENA consumers,” she added.
Founded in 2017, BulkWhiz expanded throughout the UAE in a relatively very short span by registering 30% M-o-M growth. In the following year, the company established itself as the region’s first-ever woman-led business to join the Harvard Business School Curriculum.
Rashad has confirmed that the company will utilize the new fund to build and further improve its homegrown AI technology, in addition to incorporating new channels and markets.