Cartlow, a Dubai-based reverse logistics platform, has raised $18 million in its series A round to further expand its operations and services in Saudi Arabia and the UAE, optimize technology and contribute to decarbonization in the economies.
The round was led by Cartlow’s strategic partner, AlSulaiman Group (ASG), a Saudi Arabia-based group with investments in various sectors including omni-channel retail, logistics, and e-commerce.
Company: Cartlow DMCC
Round: Series A
Funding Month: June 2022
Lead Investors: AlSulaiman Group (ASG)
Company Website: https://cartlow.com/
Software Category: Reverse Logistics platform
About the Company: Cartlow, a reverse logistics platform, Cartlow is one of the leading cloud-based technology platforms in UAE and KSA, offering software as a service (SaaS) to major players within the reverse logistics ecosystem. Cartlow is the first App in the region to provide Pre-owned, Open-box, Refurbished, and Clearance stock products while providing a warranty, easy returns, and the best value., Cartlow handled more than +25 million units and saved more than 10 million tons of e-waste