Salla raises $130 million in a pre-IPO round led by Investcorp
Investcorp led the round through its pre-IPO growth fund in Saudi Arabia, with participation from Sanabil Investments and STV.
Salla, the Saudi e-commerce platform, announced it raised $130 million in a pre-IPO round.
- Round lead: Investcorp, through the Investcorp Saudi Pre-IPO Growth Fund
- Participants: Sanabil Investments (owned by the Public Investment Fund), and STV, an existing investor in the company
- Board: Robin Mansour of Investcorp joins Salla's board
The company said it has enabled $7 billion in online sales since 2020, and serves more than 80,000 active merchants. Investcorp did not disclose the valuation or the timing of the IPO.
