Nana Funding, Investors & Competitors

Nana has raised $212M across 6 funding rounds, most recently a $133M Series C in February 2023.

See full Nana profile

Last Nana funding round

$133M

Series C · Feb 2023

Cumulative funding Nana raised

$212M

across 6 funding rounds

Key investors in Nana

  • Middle East Venture Partners (MEVP)
  • Impact46
  • Wamda Capital
  • STV
  • Saudi Venture Capital
  • Watar Partners
  • Faith Capital
  • Jahez International Company

Nana Overview

About Nana

Nana is a Riyadh-headquartered online grocery platform serving Saudi Arabia with rapid doorstep delivery. Shoppers access more than 20,000 stock-keeping units encompassing fresh fruits, vegetables, bakery products, cosmetics, electronics, and flowers through its mobile app and website. The service covers major cities including Jeddah, Dammam, and Medina, emphasizing same-day fulfillment for household essentials. Launched in 2020, Nana partners with local suppliers and supermarkets to maintain inventory freshness and competitive pricing in the Kingdom's e-commerce market.


Founded

2016

HQ

Saudi ArabiaRiyadh

Website

nana.sa

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Nana Funding History

Nana has raised a total of $212M across 6 funding rounds.

Nana's first fundraising round was a $2M seed round in May 2016. The most recent completed round was a $133M Series C in February 2023.

Nana funding rounds

Nana funding rounds
DateStageInvestorsRaisedDeal Summary
Feb 2023Series CKingdom Holding (lead); Uni-Ventures (lead); Al-Jasser Holding; AlJammaz Group; Dallah Albaraka Holding; Red Diamond Foodservice; Sultan Holdings$133MNana is a Saudi Arabia-based e-grocery delivery platform founded in 2016 by Abdulmajeed Alsukhan and Sami Alhelwah, operating a dark store model that delivers groceries within 15 minutes to fulfill daily, weekly, and monthly household needs across more than 18 cities in the Kingdom with over 22,000 products. The company raised 500 million SAR ($133 million) in a Series C funding round on February 7, 2023, led by Kingdom Holding Company and Uni-Ventures, with participation from Al-Jasser Holding, AlJammaz Group, Dallah Albaraka Holding, Red Diamond Foodservice, Sultan Holdings, and others. This marked one of the largest investment rounds for Saudi startups, bringing Nana's total funding to approximately $212 million including prior rounds like a $18 million raise. The funds are earmarked for regional expansion, diversifying services, and strengthening Nana's leadership in the digital grocery sector amid a market estimated at over $165 billion. CEO Sami Alhelwah highlighted the round's role in motivating growth and providing diversified stakeholder services, while Kingdom Holding's CEO Talal Al-Maiman emphasized supporting Nana's regional dominance and portfolio diversification. Uni-Ventures' CEO Nayef Aljebreen praised Nana's modern technologies and expansion potential in the Saudi and GCC markets. Nana has achieved significant traction, fulfilling over 10 million orders and registering 10 million downloads since launch, establishing a closed-shop model in Saudi Arabia. The investment aligns with Saudi Arabia's entrepreneurship ecosystem, with strategic investors like Kingdom Holding—controlled by Prince Alwaleed bin Talal—backing bold ventures in promising sectors.
Feb 2022Series BFIM Partners (lead); STV (lead); Faith Capital; Sunbulah Group; Impact46; Jahez International Company; Quencia Capital; Middle East Venture Partners (MEVP)$50MNana is a Saudi Arabia-based e-commerce startup providing on-demand grocery delivery, aiming to deliver to doorsteps within 15 minutes, leveraging partnerships like Google Cloud. It operates with a fleet serving retailers and focuses on strengthening its presence in the Saudi market. In February 2022, Nana raised $50 million in a funding round co-led by FIM Partners and STV, with participation from Jahez International Company, Sunbulah Group, Quencia Capital, Faith Capital, Impact46, and Middle East Venture Partners (MEVP), bringing its total funding to $80 million. The funding supported expansion in Saudi Arabia amid robust investor interest in e-commerce, which accounted for significant deal volume in the region. Nana's competitive context includes other quick-commerce and delivery players like Breadfast and Snoonu, operating in a growing MENA tech ecosystem highlighted at events like LEAP22, where the round's closure was announced alongside over $266 million in startup investments.
Mar 2020Series BSTV (lead); Saudi Venture Capital; Impact46; Wamda Capital; Watar Partners; Middle East Venture Partners (MEVP)$18MNana is a Riyadh-based online grocery and commodities delivery platform founded in 2016 by Sami Alhelwah. The company operates as a marketplace connecting consumers with retail partners including major chains like Carrefour, Panda, and Spar across 14 Saudi cities. In March 2020, Nana announced an $18 million Series B funding round co-led by Saudi Technology Ventures (STV) and Middle East Venture Partners (MEVP), with participation from existing investors Watar Partners, Saudi Venture Capital Company (SVC), Wamda Capital, and Impact46. The company was experiencing significant traction during the COVID-19 pandemic, having tripled its operational capacity in 10 days as demand for grocery delivery surged due to lockdown measures and social distancing requirements. Nana's founders stated the capital would be deployed toward expanding operations within Saudi Arabia and the wider GCC region, improving customer experience, and developing technology solutions to support partner retailers. The startup had demonstrated strong momentum with turnover tripling year-over-year in 2019 and expansion to multiple major retail partnerships, positioning itself as the market leader in Saudi Arabia's online grocery segment at the time of the funding.
Feb 2019Series AImpact46 (lead); Middle East Venture Partners (MEVP) (lead); Saudi Venture Capital; Wamda Capital; Watar Partners$7MNana is a Saudi Arabia-based e-grocery platform founded in 2016 that fulfills online grocery orders, operating in multiple cities across the Kingdom with in-house technology for integrations with stores and supermarkets. The company raised a $6.6 million Series A round in 2019, co-led by Impact46 and Middle East Venture Partners (MEVP), with participation from Watar Partners, Wamda Capital, and Saudi Venture Capital (SVC). The funds were intended to drive growth, expansion to more cities, improve customer service, marketing, hiring, and last-mile logistics. Prior to this round, Nana had raised $2.1 million in a seed round in 2016 and $2.2 million in a convertible note in 2017, bringing total funding to $10.4 million at that point. The platform reported 3X growth in turnover in the year leading up to the Series A, with plans to exceed that in 2019.
Apr 2017Seed-$2M-
May 2016Seed-$2M-

Who has invested in Nana?

18 investors have backed Nana across its funding rounds, including Middle East Venture Partners (MEVP), Impact46, Wamda Capital, STV, Saudi Venture Capital and Watar Partners.

Lead investors include Kingdom Holding, Uni-Ventures, FIM Partners, STV, Impact46 and 1 other investor.


Nana Investors

Investors in Nana by funding rounds participated
InvestorHQRoundsRoleFirst check
Impact46Saudi ArabiaRiyadh3LeadFeb 2019
Middle East Venture Partners (MEVP)UAEDubai3LeadFeb 2019
Saudi Venture CapitalSaudi ArabiaRiyadh2ParticipantFeb 2019
Wamda CapitalUAEDubai2ParticipantFeb 2019
Watar PartnersSaudi ArabiaRiyadh2ParticipantFeb 2019
STVSaudi ArabiaRiyadh2LeadMar 2020
Al-Jasser HoldingSaudi ArabiaRiyadh1ParticipantFeb 2023
AlJammaz GroupSaudi ArabiaRiyadh1ParticipantFeb 2023
Faith CapitalKuwaitHawalli1ParticipantFeb 2022
Dallah Albaraka HoldingSaudi ArabiaJeddah1ParticipantFeb 2023
Sunbulah GroupSaudi ArabiaJeddah1ParticipantFeb 2022
Red Diamond FoodserviceUnited StatesTuscaloosa, AL1ParticipantFeb 2023
Jahez International CompanySaudi ArabiaRiyadh1ParticipantFeb 2022

This data is available for Pro users. Sign up to see all 18 Nana investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Acquisitions by Nana

Nana has acquired 1 company to date.

Last acquisition by Nana was on October 8th 2024. Nana acquired Rasseed for undisclosed valuation.


Latest Acquisitions by Nana

Rasseed
Description
Rasseed is a digital gift card platform headquartered in Singapore that enables users to purchase, send, store, and redeem vouchers from over 200 brands. Available in Southeast Asia, it supports instant delivery via email, SMS, or WhatsApp, with features for bulk gifting and corporate rewards. The platform integrates with payment gateways like Stripe and PayPal, catering to e-commerce businesses, events, and employee incentives. Launched in 2021, Rasseed processes transactions across Indonesia, Malaysia, Thailand, and the Philippines.
HQ CountrySaudi Arabia
HQ City
Riyadh
Deal Date8 Oct 2024
Valuationundisclosed
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Nana acquisitions and their M&A valuation multiples.

Start Free Trial

Nana Competitors

Nana competitors include listed companies like Uber, Prosus, DoorDash and Meituan, and private ones like Gopuff and Kitopi.

Public and private companies comparable to Nana
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
GopuffUnited StatesPhiladelphia, PAPrivate$1B-$8.5B-
KitopiUAEDubaiPrivate--$1.6B-
UberUnited StatesUnited StatesPublicly listed$52B$6.2B$145B2.8x
ProsusNetherlandsNetherlandsPublicly listed$9.7B$1.1B$86B8.0x
DoorDashUnited StatesUnited StatesPublicly listed$14B$1.5B$84B4.9x
MeituanChinaChinaPublicly listed$54B($2.2B)$57B0.8x

Nana Public Comps

Nana is still privately-owned, but its public comps include Meta, Recruit Holdings, Uber, Booking Holdings, Airbnb, Prosus, DoorDash, Carvana, Meituan and Rocket Companies.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Meta$201B$104B8.8x7.4x17.0x12.7x
Recruit Holdings$24B$4B6.4x6.0x37.9x25.2x
Uber$52B$6.2B3.0x2.8x24.9x14.6x
Booking Holdings$27B$8.3B4.9x4.6x15.9x12.4x
Airbnb$12B$2.4B7.2x6.5x36.3x18.2x
Prosus$9.7B$1.1B9.1x8.0x83.8x123.7x
DoorDash$14B$1.5B6.0x4.9x55.8x23.7x
Carvana$20B($110M)3.7x2.9x(691.4x)27.7x

This data is available for Pro users. Sign up to see all Nana competitors and their valuation data.

Start Free Trial

Common questions about Nana

When was Nana founded?Nana was founded in 2016.
Where is Nana headquartered?Nana is headquartered in Riyadh, Saudi Arabia.
Is Nana publicly listed?No, Nana is a private, VC-backed company.
How much funding has Nana raised?Nana has raised $212M across 6 funding rounds.
What was Nana's last funding round?Nana's last funding round was a $133M Series C in February 2023, led by Kingdom Holding and Uni-Ventures.
Who are Nana's investors?Nana's investors include Impact46, Middle East Venture Partners (MEVP), Saudi Venture Capital, Wamda Capital, Watar Partners, STV, Al-Jasser Holding, AlJammaz Group, Faith Capital, Dallah Albaraka Holding and 8 others.
Which companies are comparable to Nana?Companies comparable to Nana include Gopuff, Kitopi, Uber, Prosus, DoorDash and Meituan.
How many companies has Nana acquired?Nana has acquired 1 company, including Rasseed.

See companies similar to Nana

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial