12. Zid *
Total funding: $59 million
Retail Enablers
Founders: Mazen AlDarrab, Sultan AlAsmi
Nationality: Saudi
Investors: Elm, Arzan Agility, MSA, Global Ventures, IMPACT46, Wa’ed Ventures, Endeavor Catalyst
Headquarters: Saudi Arabia
Date of establishment: 2017
Zid enables retailers to set up online stores and integrate directly with payment, warehousing, and delivery providers. Its merchant network exceeds 7,500 stores across 19 categories. In October 2022, Zid secured $50 million in a Series B funding round led by IMPACT46. According to Zid, it doubled its revenues from subscriptions and transactions in 2021, with a 50% increase in orders via its merchants by over seven million lifetime consumers. The startup’s solutions include ZidShip for retailers in shipping and ZidPay for payments.