Ninja
A quick commerce app that delivers groceries, medicine and household items within minutes from dark stores.
Ninja is a Saudi quick commerce company based in Riyadh, founded in 2022. It raised $250 million in July 2025, led by Riyad Capital at a $1.5 billion valuation, and operates in Saudi Arabia, Bahrain, Qatar and Kuwait.
What does Ninja do?
Ninja was founded in 2022 and runs dark stores dedicated to preparing orders and delivering them within minutes, covering groceries, medicine and household items. It later added food delivery. It started in Riyadh, Jeddah and the Eastern Province, then expanded to Bahrain, Qatar and Kuwait. It became a unicorn in July 2025 after a round led by Riyad Capital, and is considering an IPO on the Saudi stock market.
Products
An app for ordering groceries, fresh produce, medicine and household items with delivery within minutes.
Key features
- Delivery within minutes from dark stores
- Groceries, medicine and household items
- Added food delivery to the app
- Operates in Saudi Arabia, Bahrain, Qatar and Kuwait
- Some sources (Wamda, Arab News) list only Saud Al Qahtani and Canberk Donmez as founders, while MENAbytes lists Ibrahim Aljassim as a co-founder who leads the company
- The revenue figure (about $1 billion in 2025) comes from the company, and MENAbytes notes it may mean gross order value rather than revenue
- Reports in June 2026 said Ninja had considered an offer to buy HungerStation, with talks at an early stage. Uber then announced in July 2026 a deal to acquire Delivery Hero, which owns HungerStation
- Plans to list on the Saudi stock market, with no final date announced
The documentary
Funding rounds
| Round | Date | Amount | Lead | Investors | Source |
|---|---|---|---|---|---|
| Pre-IPOValued at $1.5B | July 2025 | $250M | Riyad Capital | Riyad Capital | Source |
| Pre-seed | January 2023 | Undisclosed | Bunat Ventures | Bunat Ventures | Source |
Key investors
Founders
Common questions about Ninja
When was Ninja founded?
It was founded in 2022 and is based in Riyadh.
Who are Ninja's founders?
Ibrahim Aljassim founded it with Saud Al Qahtani and Canberk Donmez in 2022. He is a different person from Ibrahim Aljassim, the founder of HungerStation.
When did Ninja become a unicorn?
In July 2025, with a $250 million round led by Riyad Capital at a $1.5 billion valuation.
Where does Ninja operate?
In Saudi Arabia, Bahrain, Qatar and Kuwait.