About Morni
Morni is a company based in Riyadh (Saudi Arabia) founded in 2014 by Khaled Altuwaijri and Yousef Abed. Morni has raised $9.1 million across 1 funding round from investors including G Square and Al Turairi. Morni operates in a competitive market with competitors including CarSpa, Jeddahtoriyadh, Satha Towing Services, car towing Riyadh and Sathaz, among others.
- Headquarter Riyadh, Saudi Arabia
- Founders Khaled Altuwaijri, Yousef Abed
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Sectors
Transportation, Automotive & LogisticsBusiness Services
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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
Not available
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Net Profit
Not available
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EBITDA
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Total Equity Funding
$9.1 M (USD)
in 1 rounds
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Latest Funding Round
$9.1 M (USD), Series B
Dec 17, 2020
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Investors
G Square
& 1 more
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Employee Count
Not available
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Funding Insights of Morni
Morni has successfully raised a total of $9.1M through 1 strategic funding round. The most recent funding activity was a Series B round of $9.1 million completed in December 2020. 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.
Investors in Morni
Morni has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include G Square and Al Turairi.
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Healthcare-focused private equity investments are managed by G Square.
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Investor details for Morni
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Investments & Acquisitions by Morni
Investment portfolio details for Morni
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Financial Statements - Morni
Detailed financials for Morni
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Morni Comparisons
Peer comparison for Morni
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Competitors of Morni
Morni 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 CarSpa, Jeddahtoriyadh, Satha Towing Services, car towing Riyadh and Sathaz, among others.
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An online platform delivering automotive roadside assistance services.
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Delivers comprehensive towing services for vehicle transportation and roadside assistance.
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Delivers comprehensive towing services for vehicle malfunctions and emergencies.
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Delivers comprehensive car towing and quality transportation services.
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Offers towing services along with car repair facilities and mechanics.
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Detailed competitors of Morni
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Latest news on Morni
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Frequently Asked Questions about Morni
Morni was founded in 2014 and raised its 1st funding round 6 years after it was founded.
Morni is headquartered in Riyadh, Saudi Arabia.
Shehail Al Shehail is the current CEO of Morni.
Morni is a funded company, having raised a total of $9.1M across 1 funding round to date.
Morni was founded in 2014 and is headquartered in Riyadh, Saudi Arabia. An app-based platform is operated to facilitate bookings for roadside assistance, where user locations, details, and payments are submitted. Services encompass towing, flat tire repair, battery repair, and fuel delivery. The application is accessible on iOS and Android devices for users in the region.
Morni's top competitors include CarSpa, Jeddahtoriyadh and Satha Towing Services.
Morni has 2 investors. Key investors include G Square, and Al Turairi.