About Cartlow
Cartlow is a company based in Dubai (United Arab Emirates) founded in 2017 by Mohammed Sleiman was acquired by Basatne in March 2025.. Cartlow has raised $20 million across 2 funding rounds from investors including Alsulaiman Group, Arzan Venture Capital and Vision Ventures. Cartlow has completed 1 acquisition, including Melltoo. Cartlow operates in a competitive market with competitors including Dubizzle, 58City, Craigslist, Melltoo and Seeklala, among others.
- Headquarter Dubai, United Arab Emirates
- Founders Mohammed Sleiman
-
Sectors
Retail
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$20 M (USD)
in 2 rounds
-
Latest Funding Round
$18 M (USD), Series A
Jun 15, 2022
-
Investors
Alsulaiman Group
& 4 more
-
Employee Count
Employee Count
- Investments & Acquisitions
-
Acquired by
Basatne
(Mar 27, 2025)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Funding Insights of Cartlow
Cartlow has successfully raised a total of $20M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $18 million completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $18.0M
-
First Round
First Round
(31 Mar 2020)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series A - Cartlow | Valuation | Alsulaiman Group |
|
| Mar, 2020 | Amount | Seed - Cartlow | Valuation | Arzan Venture Capital , Vision Ventures |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cartlow
Cartlow has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Alsulaiman Group, Arzan Venture Capital and Vision Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Corporate-backed venture capital firm focused on gaming, food tech, and multiple sectors
|
Founded Year | Domain | Location | |
|
Venture capital investments are made in promising startups.
|
Founded Year | Domain | Location | |
|
Alsulaiman Group is recognized as a leading Saudi holding group with diverse operations.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Cartlow
Cartlow has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Melltoo. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Pre-owned multi-category products are sold via an online marketplace.
|
2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Cartlow
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cartlow Comparisons
Competitors of Cartlow
Cartlow operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Dubizzle, 58City, Craigslist, Melltoo and Seeklala, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online horizontal classifieds platform
|
|
| domain | founded_year | HQ Location |
Online second-hand listing platform offering multi-category products and services
|
|
| domain | founded_year | HQ Location |
Online classified forum
|
|
| domain | founded_year | HQ Location |
Pre-owned multi-category products are sold via an online marketplace.
|
|
| domain | founded_year | HQ Location |
An online P2P platform for listing and trading multi-category products.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Cartlow
Frequently Asked Questions about Cartlow
When was Cartlow founded?
Cartlow was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is Cartlow located?
Cartlow is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Who is the current CEO of Cartlow?
Mohammed Sleiman is the current CEO of Cartlow. They have also founded this company.
Is Cartlow a funded company?
Cartlow is a funded company, having raised a total of $20M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Mar 31, 2020.
What does Cartlow do?
Cartlow was founded in 2017 and is headquartered in Dubai, United Arab Emirates. An online B2C marketplace is operated, focusing on second-hand products across categories such as electronics, fashion, beauty, and home essentials. The platform supports transactions for individual buyers and is accessible via dedicated applications for iOS and Android devices.
Who are the top competitors of Cartlow?
Cartlow's top competitors include Dubizzle, 58City and Craigslist.
How many acquisitions has Cartlow made?
Cartlow has made 1 acquisition, including Melltoo.
Who are Cartlow's investors?
Cartlow has 5 investors. Key investors include Alsulaiman Group, Arzan Venture Capital, Vision Ventures, otf.com, and Basatne.