'Snoonu' Aims to be a One-Stop Shop for Services Across Qatar
Colin Smith — July 7, 2023 — Business
'Snoonu' is a Qatar-based super app that has raised $12 million in a Series B round led by Qatar Development Bank. The tech startup is considered one of the first Qatari startups to raise a Series B round, after closing its Series A in 2021 at $5 million. The app offers a range of services including food delivery, grocery delivery, and courier services. It also offers a range of other services such as laundry and dry cleaning, pet care, and beauty services.
The funding will be used to continue building the super app and expanding its services. Snoonu aims to become the go-to app for all services in Qatar and the wider region. The company plans to expand its operations across the Middle East and North Africa (MENA) region.
The funding round is significant as it shows that there is growing interest in startups in the MENA region. It also highlights the potential for super apps in the region. Super apps are incredibly popular in Asia and are now gaining traction in other parts of the world. The success of Snoonu could pave the way for other super apps in the MENA region.
Image Credit: Shutterstock
The funding will be used to continue building the super app and expanding its services. Snoonu aims to become the go-to app for all services in Qatar and the wider region. The company plans to expand its operations across the Middle East and North Africa (MENA) region.
The funding round is significant as it shows that there is growing interest in startups in the MENA region. It also highlights the potential for super apps in the region. Super apps are incredibly popular in Asia and are now gaining traction in other parts of the world. The success of Snoonu could pave the way for other super apps in the MENA region.
Image Credit: Shutterstock
Trend Themes
1. Super Apps - The rise of super apps in the MENA region presents opportunities for businesses to create unified platforms that offer a wide range of services to consumers.
2. Series B Funding - The increasing availability of Series B funding in the MENA region provides a chance for startups to secure substantial investments and scale their operations.
3. Expansion in MENA - The expansion of tech startups, like Snoonu, across the MENA region creates opportunities for businesses to tap into new markets and reach a wider customer base.
Industry Implications
1. Food Delivery - The super app model allows food delivery businesses to integrate with other service offerings, such as grocery delivery and courier services, for a seamless customer experience.
2. Tech Startups - The success of Snoonu's funding rounds showcases the potential for tech startups in the MENA region to attract investments and disrupt traditional industries with innovative solutions.
3. E-commerce - Super apps that offer a variety of services, including laundry, pet care, and beauty services, create opportunities for e-commerce businesses to expand their offerings and reach a wider audience.
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