About Syarah
Syarah is a Transportation, Automotive & Logistics company based in Riyadh (Saudi Arabia) founded in 2015 by Fayez Alanazi and Salah Sharef. It operates as an online B2C marketplace for new used cars. Syarah has raised $82.6 million across 6 funding rounds from investors including Elm, Tawuniya and Budget. Its chief executive is Salah Sharef. Its website syarah.com draws about 1.3 million monthly visits. Its focus areas include Consumer, Auto E-Commerce & Content, Second Hand Vehicles and Cars. Its competitors include Kavak, Kayishha, Mazadak, Syaaraat and Markaba and 3 more; 2 of its 8 listed competitors have raised funding.
Company details
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.
- Total Equity Funding$82.6M (USD)
in 6 rounds
- Latest Funding Round$60M (USD), Series C
Sep 2024
- InvestorsElm
& 9 more
Apps and channels of Syarah
its YouTube channel Syarah App | تطبيق سيارة has 13K subscribers and 30 videos.
Videos from Syarah
The most watched videos on Syarah's YouTube channel, Syarah App | تطبيق سيارة (13K subscribers). Click a video to play it here.
More on Syarah App | تطبيق سيارة.
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 $82.6M
- Total Rounds 6
- Last Round Series C — $60M
- First Round $600,000
(Jun 2016)
- Investors Count 10
All 6 funding rounds of Syarah with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2024 | $60M | Series C | – | Artal Capital | |
| Aug 2021 | $20M | Series B | – | Impact46, Elm | |
| Jun 2020 | – | Series A | – | Impact46 | – |
| Mar 2019 | – | Series A | – | Elm | – |
| May 2018 | $2M | Series A | – | BECO Capital, Raed Ventures | – |
| Jun 2016 | $600,000 | Seed | – | BECO Capital, Raed Ventures | – |
10 investors in total: 9 institutional and 1 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on seed and growth investments | – | impact46.sa | Riyadh, Saudi Arabia | |
A venture capital fund based in Saudi Arabia is operated. | 2020 | derayah.vc | Riyadh, Saudi Arabia | |
Venture capital investments are made in promising startups. | 2018 | visionvc.co | Dammam, Saudi Arabia | |
Venture capital investments are provided to startups in the Gulf and MENA region. | – | becocapital.com | Dubai, United Arab Emirates | |
Early-stage tech startups are invested in by Raed Ventures. | – | raed.vc | Riyadh, Saudi Arabia | |
Offers Shariah-compliant investment advisory services across public and private markets. | 2018 | artalcapital.com | Riyadh, Saudi Arabia | |
Digital products, business solutions, and consulting services are provided. | 1988 | elm.sa | Riyadh, Saudi Arabia | |
Provider of car rental services and related travel options | 1958 | budget.com | Parsippany Troy Hills, United States | |
YA Yousef Al Rashidi | - | – | unknown_96c6e849f2b740c78 | - |
Auto, home, and medical insurance services are offered by Tawuniya. | 1985 | tawuniya.com | Riyadh, Saudi Arabia |
Investor details for Syarah
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Syarah
5 people are tracked at Syarah (3 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
Fayez Alanazi | Co-Founder | Leadership |
Salah Sharef | Co-Founder & CEO | Leadership |
Haroon Khan | Chief Financial Officer | Leadership |
Basel al-Mshayekh | Accounting Team Leader | Team |
Salam abu Taha | Accountant | Team |
Complete people profiles for Syarah
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Timeline of Syarah
3 dated milestones of Syarah across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Syarah is founded.
- Funding First funding round of $600K.
- Funding Latest funding round, Series C, of $60.0M.
Competitors of Syarah
Syarah has 8 listed competitors in our database, 2 of them funded. They include Kavak, Kayishha, Mazadak, Syaaraat and Markaba, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kavak.com | 2016 | – | $1.68B | 2,500 | Pre-owned cars are certified, inspected, and traded online via Kavak. | |
| kayishha.com | 2020 | Riyadh, Saudi Arabia | – | – | Operates an e-commerce store for used cars. | |
| mazadak.com | 2013 | Riyadh, Saudi Arabia | $10M | – | Used multi-category vehicles are auctioned through an app-based marketplace. | |
| syaaraat.com | 2018 | Riyadh, Saudi Arabia | – | – | Used cars are listed and browsed on an online platform. | |
| markaba.com | 2013 | Riyadh, Saudi Arabia | – | – | Operates an online portal for buying and selling new and used vehicles. | |
| awalmazad.com | 2019 | Riyadh, Saudi Arabia | – | – | Operates an app for auction-based marketplace of used and new cars. | |
| carsudan.com | 2020 | Riyadh, Saudi Arabia | – | – | Operates an app-based platform for listing and buying used vehicles. | |
| manshoud.com | 2019 | Riyadh, Saudi Arabia | – | – | An app-based platform for listing and selling used cars. |
Detailed competitors of Syarah
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Web traffic of Syarah
The website of Syarah (syarah.com) receives about 1.3M visits a month and ranks #22,224 among all websites worldwide, #386 in Vehicles.
- Monthly visits1.3M
▼ 20.1% vs previous month
- Unique visitors657.1K
per month
- Global rank#22,224
among all websites
- Category rank#386
Vehicles · Vehicles
- Bounce rate42%
- Pages per visit8.3
- Average visit4 min 59 sec
- DevicesDesktop 22% · Mobile 78%
Websites whose visitors overlap most with Syarah. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| salehcars.com | 100% | 386.4K | #109,644 | View details | |
| toyota.com.sa | 96% | 1.5M | #38,810 | View details | |
| honda-mideast.com | 78% | 680.7K | #87,651 | View details | |
motoryshop.com | motoryshop.com | 76% | – | #289,610 | – |
| almuraba.net | 73% | 260.3K | #223,312 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Syarah
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
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Top companies in Automotive Retail & Aftersales
10 companies that operate in the same segment as Syarah (Automotive Retail & Aftersales), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Pre-owned vehicles are sold online with financing and valuation services. | 2012 | Phoenix, Arizona, United States | USD 460 M | USD 20.32 B | 17,400 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 655.23 M | USD 216.04 M | 461 | |
Retailer of inspected, certified pre-owned vehicles with service and finance options | 2015 | Gurugram, Haryana, India | USD 716.48 M | USD 446.48 M | 3,992 | |
Pre-owned cars are certified, inspected, and traded online via Kavak. | 2016 | Lerma De Villada, Estado De Mexico, Mexico | USD 1.98 B | – | 2,500 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 206.3 M | – | – | |
Provider of car service and repair network | 2016 | Gurugram, Haryana, India | USD 62.01 M | USD 8.06 M | 171 | |
Second-hand cars are listed online to connect buyers and sellers. | 2003 | Mumbai, Maharashtra, India | USD 5.89 M | USD 5.28 M | 451 | |
Vehicle parts and accessories are sold via an online platform. | 1897 | Walsall, West Midlands, United Kingdom | USD 20.37 M | – | – | |
Full-stack marketplace services for car ownership are provided. | 2015 | Singapore, Singapore | USD 685.9 M | USD 806.83 M | 1,000 | |
Retailer of new automobiles, used vehicles, and related automotive news | 2008 | Jaipur, Rajasthan, India | USD 60 M | USD 289.58 M | 721 |
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Related news about Syarah
Complete news archive for Syarah
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Frequently Asked Questions about Syarah
Syarah was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Syarah is headquartered in Riyadh, Saudi Arabia.
Salah Sharef is the current CEO of Syarah. They have also founded this company.
Syarah is a funded company, having raised a total of $82.6M across 6 funding rounds to date. The company's 1st funding round was a Seed of $600K, raised on Jun 2016.
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.
Syarah has 10 investors. Key investors include Elm, Tawuniya, Budget, Artal Capital, and Impact46.
The website of Syarah receives about 1.3 million visits a month and ranks #22,224 among all websites worldwide.