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.

Ninja plans to use the fresh capital to grow its digital pharmacy offerings and further scale its platform across the Kingdom, positioning itself at the forefront of Saudi Arabia’s rapidly evolving retail and logistics landscape.