About Lawazem
Lawazem is a company based in Riyadh (Saudi Arabia) founded in 2020 by Nasser Alshaya and Abdulhakim Albisher.. Lawazem has raised $1.3 million across 1 funding round from investors including Merak Capital and Merced. Lawazem operates in a competitive market with competitors including Bizongo, SmartEquip, SuperZop, FoodMaven and Lapasar, among others.
- Headquarter Riyadh, Saudi Arabia
- Founders Nasser Alshaya, Abdulhakim Albisher
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Sectors
RetailTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.3 M (USD)
in 1 rounds
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Latest Funding Round
$1.3 M (USD), Seed
Apr 06, 2022
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Investors
Merak Capital
& 1 more
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Employee Count
Employee Count
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Funding Insights of Lawazem
Lawazem has successfully raised a total of $1.3M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.3 million completed in April 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 1
- Last Round Seed — $1.3M
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First Round
First Round
(06 Apr 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Seed - Lawazem | Valuation | Merak Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lawazem
Lawazem has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Merak Capital and Merced. 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 |
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Tech startups are funded by this venture capital firm.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lawazem
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Lawazem
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lawazem Comparisons
Competitors of Lawazem
Lawazem 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 Bizongo, SmartEquip, SuperZop, FoodMaven and Lapasar, 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 |
Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions
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| domain | founded_year | HQ Location |
SaaS solutions are provided for industrial parts access by manufacturers.
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| domain | founded_year | HQ Location |
Wholesale grocery procurement is enabled for retailers and small businesses.
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| domain | founded_year | HQ Location |
AI-based procurement software is provided for food supply optimization.
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| domain | founded_year | HQ Location |
Procurement software suites are provided for business operations.
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| domain | founded_year | HQ Location |
B2B procurement marketplace is operated for mid-sized enterprises.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Lawazem
When was Lawazem founded?
Lawazem was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Lawazem located?
Lawazem is headquartered in Riyadh, Saudi Arabia.
Who is the current CEO of Lawazem?
Abdulhakim Albisher is the current CEO of Lawazem. They have also founded this company.
Is Lawazem a funded company?
Lawazem is a funded company, having raised a total of $1.3M across 1 funding round to date. The company's 1st funding round was a Seed of $1.3M, raised on Apr 06, 2022.
What does Lawazem do?
Lawazem was founded in 2020 and is headquartered in Riyadh, Saudi Arabia. An online B2B marketplace is operated, where multi-category products such as groceries, home care items, home decor, furniture, clothing, accessories, and office supplies are offered to businesses. The platform facilitates procurement across these sectors, supporting wholesale transactions in the e-commerce domain.
Who are the top competitors of Lawazem?
Who are Lawazem's investors?
Lawazem has 2 investors. Key investors include Merak Capital, and Merced.