Saudi Arabia’s Retailo Acquires Dubai-Based DXBUY

Saudi Arabia’s Retailo Acquires Dubai-Based DXBUY in 2022

Retail, a Riyadh-based e-commerce platform, has acquired DXBUY, a UAE B2B e-commerce platform, to strengthen its position in the MENAP region.

According to the company’s official press release, partnering with DXBUY will allow Retail to make further inroads into the lucrative hotel, restaurant, and café (HORECA) market, essentially allowing the company to expand across the region.

The HORECA market in MENAP is expected to reach $60 billion in less than five years. Taking such a risk in such a vast market fits Retailo’s goal-oriented and ambitious regional expansion strategy. Using Retailo’s app ensures a single-window operation that offers restaurants and cafes many excellent ingredients to choose from, price discovery for smart shopping, a faster delivery cycle to avoid waste, tech-enabled inventory management, and a variety of other features and services.

Retail’s Head of Investment and Strategy, Himag Vaidya, commented on the acquisition, saying, “We are excited about the acquisition of DXBUY and expanding the Retail family by bringing in formidable talent that will empower restaurants and cafes across MENAP.” Retail is growing into a more robust institution, with a presence in various markets and business verticals. We are expanding our regional and commercial footprint and advancing our mission of enhancing the lives of small business owners.”

Retail is the first regional B2B service and the fastest-growing e-commerce start-up in the MENAP region. It is using community commerce technology to improve the lives of the underserved retail industry, and it expects to impact 10 million small businesses across the MENAP region in the next ten years by offering them the convenience of simple, tech-driven, and value-added inventory management.

Retail improves the lives of the region’s retailers by offering next-day free delivery, a one-stop window solution, convenience, and high-profit margins.

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