About Resal
Resal is a company based in Jeddah (Saudi Arabia) founded in 2015.. Resal has raised $9.8 million across 3 funding rounds from investors including Derayah VC, VentureSouq and Ad Diriyah Asset Management. Resal operates in a competitive market with competitors including Floward, FTD, Iluba Roses, Bloss and flowzah, among others.
- Headquarter Jeddah, Saudi Arabia
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Sectors
Retail
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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
$9.8 M (USD)
in 3 rounds
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Latest Funding Round
$9 M (USD), Series A
Aug 26, 2024
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Investors
Derayah VC
& 7 more
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Employee Count
Employee Count
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Funding Insights of Resal
Resal has successfully raised a total of $9.8M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $9 million completed in August 2024. 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 3
- Last Round Series A — $9.0M
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Series A - Resal | Valuation | Derayah Venture Capital Fund , VentureSouq | |
| May, 2019 | Amount | Seed - Resal | Valuation | Business Incubators and Accelerators Company | |
| Jan, 2018 | Amount | Seed - Resal | Valuation |
investors |
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| 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 Resal
Resal has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Derayah VC, VentureSouq and Ad Diriyah Asset Management. 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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A venture capital fund based in Saudi Arabia is operated.
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Founded Year | Domain | Location | |
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Angel investments in early-stage ventures are managed by VentureSouq.
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Founded Year | Domain | Location | |
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Ad Diriyah Asset Management is engaged in global investment services.
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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 Resal
| 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 - Resal
| 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 |
Resal Comparisons
Competitors of Resal
Resal 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 Floward, FTD, Iluba Roses, Bloss and flowzah, 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 |
Flowers and bouquets are offered via an online gifting platform.
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| domain | founded_year | HQ Location |
FTD is recognized as a premier online floral delivery service.
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| domain | founded_year | HQ Location |
Runs a direct-to-consumer brand for home decor and gift items.
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| domain | founded_year | HQ Location |
Parenting advice is shared via a social Q&A platform.
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| domain | founded_year | HQ Location |
Operates an online platform for gifting a variety of flowers.
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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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Latest news on Resal
Frequently Asked Questions about Resal
When was Resal founded?
Resal was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Resal located?
Resal is headquartered in Jeddah, Saudi Arabia. It is registered at Jeddah, Makkah Region, Saudi Arabia.
Is Resal a funded company?
Resal is a funded company, having raised a total of $9.8M across 3 funding rounds to date.
What does Resal do?
Resal was established in 2015 in Jeddah, Saudi Arabia, as a mobile app-based platform in the e-commerce sector focused on flowers. Services for sending flowers and bouquets to friends and family are provided through the app. Operations cover major Saudi cities such as Jeddah, Riyadh, Dammam, and Dhahran, with the platform extending to the broader Middle East region. The domain resal.me supports user access.
Who are Resal's investors?
Resal has 8 investors. Key investors include Derayah VC, VentureSouq, Ad Diriyah Asset Management, Bugshan Group, and NOMD.