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7/9/25, 1:57 PM Ninja Secures SAR 1B to Lead Saudi Q-Commerce
Saudi Arabia’s Q-Commerce Star Ninja Secures SAR 1 Billion in Funding

BY FAIZAL JULY 7, 2025, 4:52 A.M. 0 180

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Riyadh: Saudi Arabia’s fast-rising Q-Commerce platform, Ninja, has raised SAR 1 billion in a significant investment round led by Riyad
Capital, as the company aims to accelerate expansion across the Kingdom and strengthen its position in the digital retail sector.
The investment was facilitated through the Riyad Pre-IPO Opportunities Fund and is expected to boost Ninja’s operations by enabling
entry into new cities, advancing its tech infrastructure, and expanding logistics capabilities.
Operational Growth Backed by Profitability

Founded in 2022, Ninja has grown rapidly in the competitive quick-commerce landscape. The platform offers a wide range of services
including grocery delivery, personal care products, restaurant orders, and a growing digital pharmacy segment.
The company reports it has reached operational profitability in a short span, supported by a surge in customer acquisition and rising
order volumes.

“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 market position, while remaining profitable.”

Riyad Capital’s Strategic Commitment
The funding marks another major move by Riyad Capital, which manages over SAR 2 billion in private equity and venture capital
assets. The firm has previously backed several high-growth Saudi tech companies, including Foodics, Unifonic, and Sure Global
Tech. These ventures have generated exit values exceeding SAR 150 million.

“This investment reinforces our long-standing support for Saudi Arabia’s digital economy,” Alarifi added. “Ninja’s
strong fundamentals make it a key player in the Kingdom’s retail transformation.”

Scaling Ambitions

Ninja plans to use the funding to expand its digital pharmacy vertical, enhance AI-powered logistics, and grow into new urban
centers across Saudi Arabia. The company has positioned itself at the intersection of convenience, technology, and customer demand,
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