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
-
Sectors
Transportation, Automotive & LogisticsBusiness Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$9.1 M (USD)
in 1 rounds
-
Latest Funding Round
$9.1 M (USD), Series B
Dec 17, 2020
-
Investors
G Square
& 1 more
-
Employee Count
Employee Count
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
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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series B — $9.1M
-
First Round
First Round
(17 Dec 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2020 | Amount | Series B - Morni | Valuation | G Square |
| 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 Morni
Morni has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include G Square and Al Turairi. 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 |
|---|---|---|---|---|
|
Healthcare-focused private equity investments are managed by G Square.
|
Founded Year | Domain | Location | |
|
-
|
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 Morni
| 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 |
Financial Statements - Morni
| 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 |
Morni Comparisons
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. 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 |
An online platform delivering automotive roadside assistance services.
|
|
| domain | founded_year | HQ Location |
Delivers comprehensive towing services for vehicle transportation and roadside assistance.
|
|
| domain | founded_year | HQ Location |
Delivers comprehensive towing services for vehicle malfunctions and emergencies.
|
|
| domain | founded_year | HQ Location |
Delivers comprehensive car towing and quality transportation services.
|
|
| domain | founded_year | HQ Location |
Offers towing services along with car repair facilities and mechanics.
|
| 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 Morni
Frequently Asked Questions about Morni
When was Morni founded?
Morni was founded in 2014 and raised its 1st funding round 6 years after it was founded.
Where is Morni located?
Morni is headquartered in Riyadh, Saudi Arabia.
Who is the current CEO of Morni?
Shehail Al Shehail is the current CEO of Morni.
Is Morni a funded company?
Morni is a funded company, having raised a total of $9.1M across 1 funding round to date. The company's 1st funding round was a Series B of $9.1M, raised on Dec 17, 2020.
What does Morni do?
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.
Who are the top competitors of Morni?
Morni's top competitors include CarSpa, Jeddahtoriyadh and Satha Towing Services.
Who are Morni's investors?
Morni has 2 investors. Key investors include G Square, and Al Turairi.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.