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7/9/25, 1:57 PM Saudi Arabia's fast-growing startup Ninja secures SAR 1 billion funding

Dubai: Saudi Arabia’s fast-growing quick commerce (Q-Commerce) platform Ninja has secured SAR1
billion in a major investment round led by Riyad Capital.

The funding, raised through the Riyad Pre-IPO Opportunities Fund, will fuel Ninja’s expansion into new

cities, enhance its technology infrastructure, and strengthen its logistics capabilities.

Founded in 2022, Ninja has quickly emerged as a market leader in Saudi Arabia’s digital retail sector by
offering a seamless platform that serves a wide range of needs—from groceries and personal care to digital

pharmacy and restaurants.

The company claims to have reached operational profitability in record time, with rapid growth in its
customer base and order volume.

“Ninja embodies the innovation and entrepreneurial spirit that define Saudi Arabia’s startup ecosystem,”

said Mohammed Alarifi, Managing Director of Private Equity and Venture Capital at Riyad Capital.

“They’ve reimagined digital shopping and secured a strong position in the market—while remaining
profitable.”

The investment reflects Riyad Capital’s broader commitment to supporting Saudi Arabia’s tech sector,
particularly through its private equity and venture capital platform, which manages over SAR 2 billion in

assets. The firm has previously backed notable Saudi startups such as Foodics, Unifonic, and Sure Global

Tech, with total exit values exceeding SAR 150 million.

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