Saudi B2B wholesale marketplace Sary has acquired Egyptian e-commerce platform Mowarrid for an undisclosed amount, in the first step of Sary’s plan to expand into MENAP markets, the companies announced in a statement (pdf) yesterday.

About Mowarrid: Founded in 2018, the company operates in B2B food and grocery, offering more than 1k products to more than 10k retailers, according to the statement.

About Sary: The Saudi platform connects MSME F&B businesses with big wholesale and FMCG retailers. Sary has raised a total of USD 112 mn since it was founded in 2018, over several series rounds led by the kingdom's sovereign wealth fund's fully-owned subsidiary Sanabil Investments, according to the National.

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