Retailo, a startup that aims to simplify retail by using technology and increasing access by making supply chains uncomplicated and efficient, has secured $6.7 million in seed funding, the company said in a statement on Thursday. The startup also secured $2.3m in a pre-seed funding round in October 2020. With the new investment, Retailo's total has reached $9m within nine months of starting operations, the startup said. Besides this, the seed round brought together a "strong investor base with deep regional roots and a strong global reach," the startup said. Speaking about the funding, co-founder Talha Ansari said: "With this investment, Retailo is geared for hyper-growth to rapidly build on what we have already achieved in a short time.

Source: The North Africa Journal May 06, 2021 16:18 UTC