About Syarah
Syarah is a company based in Riyadh (Saudi Arabia) founded in 2015 by Fayez Alanazi and Salah Sharef.. Syarah has raised $82.6 million across 6 funding rounds from investors including Elm, Tawuniya and Budget. Syarah operates in a competitive market with competitors including Kavak, Kayishha, Mazadak, Syaaraat and Markaba, among others.
- Headquarter Riyadh, Saudi Arabia
- Founders Fayez Alanazi, Salah Sharef
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Sectors
Transportation, Automotive & Logistics
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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
$82.6 M (USD)
in 6 rounds
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Latest Funding Round
$60 M (USD), Series C
Sep 04, 2024
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Investors
Elm
& 9 more
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Employee Count
Employee Count
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Funding Insights of Syarah
Syarah has successfully raised a total of $82.6M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $60 million completed in September 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 6
- Last Round Series C — $60.0M
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First Round
First Round
(01 Jun 2016)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Series C - Syarah | Valuation | Artal Capital | |
| Aug, 2021 | Amount | Series B - Syarah | Valuation | Impact46 , Elm | |
| Jun, 2020 | Amount | Series A - Syarah | Valuation | Impact46 |
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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 Syarah
Syarah has secured backing from 10 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Elm, Tawuniya and Budget. 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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Venture capital firm focused on seed and growth investments
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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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Venture capital investments are made in promising startups.
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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 Syarah
| 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 - Syarah
| 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 |
Syarah Comparisons
Competitors of Syarah
Syarah 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 Kavak, Kayishha, Mazadak, Syaaraat and Markaba, 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 |
Pre-owned cars are certified, inspected, and traded online via Kavak.
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| domain | founded_year | HQ Location |
Operates an e-commerce store for used cars.
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| domain | founded_year | HQ Location |
Used multi-category vehicles are auctioned through an app-based marketplace.
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| domain | founded_year | HQ Location |
Used cars are listed and browsed on an online platform.
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| domain | founded_year | HQ Location |
Operates an online portal for buying and selling new and used vehicles.
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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 Syarah
Frequently Asked Questions about Syarah
When was Syarah founded?
Syarah was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Syarah located?
Syarah is headquartered in Riyadh, Saudi Arabia.
Who is the current CEO of Syarah?
Salah Sharef is the current CEO of Syarah. They have also founded this company.
Is Syarah a funded company?
Syarah is a funded company, having raised a total of $82.6M across 6 funding rounds to date.
What does Syarah do?
Founded in 2015 and based in Riyadh, Saudi Arabia, Syarah operates as an online B2C marketplace within the automotive sector. Vehicles from car dealers and exhibitions are featured on the platform. Buyers are enabled to search listings by criteria such as make, model, price, and production year. Online bookings and payments are facilitated directly through the site for prospective purchasers.
Who are the top competitors of Syarah?
Who are Syarah's investors?
Syarah has 10 investors. Key investors include Elm, Tawuniya, Budget, Artal Capital, and Impact46.
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