Undisclosed funding round · Ecommerce
Syarah raises $12m to expand Saudi car-buying and delivery
Impact46 is backing the online marketplace as it expands nationwide and develops its platform and delivery operations.
Buying a car through a digital marketplace
Syarah lets customers browse new and used vehicles online, arrange payment or financing and have a car delivered to their home. The platform brings vehicle discovery and purchase into one flow for buyers across Saudi Arabia.
Impact46’s $12 million investment will support nationwide expansion, further development of the digital platform and delivery operations. Syarah says it has already completed thousands of purchases, providing a base for extending the service to more buyers across the country.
Use of funds
Expand nationwide across Saudi Arabia
Develop the digital platform and delivery operations
Funding history
Undisclosed funding round · This round$12M