Syarah
A Saudi platform for buying and selling new and used cars online, with inspection, warranty and home delivery
Syarah is a Saudi platform for selling cars online, founded in Riyadh in 2015 as a classifieds site. It has raised about $94 million including debt, and says it sells about 2,000 cars a month.
What does Syarah do?
Syarah started in 2015 as a classifieds site, then began connecting buyers with dealerships, with vehicle history reports, and in 2019 started selling cars itself online. It inspects and reconditions every used car at its facilities in Riyadh, and delivers it to the buyer with a warranty, financing options through banks and a return window. It serves only the Saudi market so far.
Products
Buy a new or used car online with inspection, warranty, financing and home delivery
A live auction app for inspected cars, launched in May 2026
Key features
- Used-car inspection at more than 200 points
- Warranty of up to 3 years
- Return the car within 10 days
- Financing through partner banks and credit card installments
- Home delivery across the Kingdom
- Its investors include Elm (Corporate Investments), majority owned by the Public Investment Fund (PIF)
- The $94 million includes $20 million in debt from Partners for Growth as part of the Series C round
- Its valuation has not been disclosed in any round, no IPO has been announced, and it is not a unicorn
- The link between the CEO and OpenSooq comes from Entrepreneur Middle East alone
The documentary
You buy a car from your phone, it's delivered to your home, and you can return it within 10 days if you don't like it
Follow the channel so you don’t miss itFunding rounds
| Round | Date | Amount | Lead | Investors | Source |
|---|---|---|---|---|---|
| Undisclosed stage | September 2026 | $12M | Impact46 | Impact46 | Source |
| Series C (equity portion) | September 2024 | $40M | Artal Capital | Artal Capital, Elm, Impact46, Tawuniya, Derayah Ventures, Yousef Al-Rasheedi | Source |
| Series C (venture debt) (Debt financing) | September 2024 | $20M | Partners for Growth | Partners for Growth | Source |
| Series B | August 2021 | $20M | Impact46, Elm | Impact46, Elm, Budget Saudi, Vision Ventures, Yousef Al-Rasheedi | Source |
| Bridge | June 2020 | Undisclosed | Impact46 | Impact46 | Source |
| Strategic | January 2019 | Undisclosed | Elm | Elm | Source |
| Series A | May 2018 | $2M | — | BECO Capital, Raed Ventures, Vision Ventures | Source |
| Seed | January 2016 | $600K | — | BECO Capital, Raed Ventures | Source |
Key investors
Founders
Common questions about Syarah
When was Syarah founded?
It was founded in Riyadh in 2015 as a classifieds site, and began selling cars online itself in 2019.
Who founded Syarah?
Salah Sharef (CEO) and Fayez Alanazi.
How much has Syarah raised?
About $94 million including $20 million in debt. That includes a $60 million Series C in 2024 led by Artal Capital, and $12 million from Impact46 in 2026.
How long is Syarah's return window?
10 days, according to the company's website.