Egypt-based quick-commerce startup Rabbit has announced a new funding round to expand into the Saudi Arabian market. The amount of the investment has not yet been disclosed.
Key investors in this round include Raed Ventures, Global Founders Capital, and a new strategic partner based in Saudi Arabia.
With this investment, the company aims to enter high-potential markets such as Riyadh and Jeddah.
WHY SAUDI ARABIA?
Rabbit was founded in Egypt in 2021. The company offers ultra-fast delivery services—usually within 20 minutes—providing consumers with groceries, personal care items, and household essentials.
Ahmed Yousry, Rabbit’s CEO and co-founder, commented on the expansion to Saudi Arabia by saying:
“Saudi Arabia is experiencing a surge in demand for faster, more reliable delivery services. With this new funding, we’re ready to bring Rabbit’s magic to a whole new audience.”
RABBIT’S EXPANSION STRATEGY
Rabbit aims to set up micro-fulfillment centers and launch a dedicated mobile app tailored to the needs and preferences of Saudi consumers.
Once these objectives are achieved, the company also plans to create job opportunities for local talent in Saudi Arabia.
This initiative is expected to begin in Q3 of 2025 with pilot programs in Riyadh and Jeddah. The expansion is then expected to spread to other Saudi cities.
Analysts predict that the Saudi market will grow by 20% in the coming years. Rabbit, along with other Egyptian startups, aims to be one of the key players in this wave of growth.