{"id":581282,"date":"2023-02-07T00:00:00","date_gmt":"2023-02-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/07\/taager-makes-riyadh-its-hq-as-it-shifts-to-a-regional-focus\/"},"modified":"2023-02-07T00:00:00","modified_gmt":"2023-02-07T00:00:00","slug":"taager-makes-riyadh-its-hq-as-it-shifts-to-a-regional-focus","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/07\/taager-makes-riyadh-its-hq-as-it-shifts-to-a-regional-focus\/","title":{"rendered":"Taager makes Riyadh its HQ as it shifts to a regional focus"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Taager shifts HQ from Cairo to Riyadh:<\/span><span style=\"\"> Egyptian e-commerce startup <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.taager.com\/\" style=\"\">Taager<\/a><\/span><span style=\"\"> <\/span><span>has selected Riyadh to host its regional headquarters as the company looks to expand its <\/span><span style=\"\">presence in the Saudi market, co-founder and CEO Mohammed Elhorishy told <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/bit.ly\/3K2BQCT\" style=\"\">Asharq Business<\/a><\/span><span style=\"font-weight:400;\">. \u201cThe upcoming period will see a focus on the Saudi market as part of our expansion plan,\u201d he told the news outlet on the sidelines of a tech conference in Riyadh. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">About Taager:<\/span><span style=\"font-weight:400;\"> Established in 2019, Taager is a B2B platform that connects online merchants and suppliers, supplying merchants with storage and shipping services as well as an integrated data-led digital infrastructure. It currently operates in Egypt, Saudi Arabia, and the UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Aiming big for Saudi:<\/span><span style=\"font-weight:400;\"> Taager wants to invest over SAR 50 mn in the Saudi market when it closes its ongoing funding round, Elhorishy said. The firm has invested over SAR 20 mn since it launched in Saudi, he added.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">REMEMBER-<\/span><span style=\"\"> Taager secured USD 6.4 mn in seed funding <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2021\/07\/25\/e-commerce-startup-taager-receives-usd-6-4-mn-seed-funding-47823\/\" style=\"\">in July 2021<\/a><\/span><span style=\"font-weight:400;\">, bringing total funding raised from investors since its launch in 2019 to over USD 7 mn. It counts 4DX Ventures, Raed Ventures, Beco Capital and Breyer Capital among its investors.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Not the first to opt for the Gulf:<\/span><span style=\"\"> Several homegrown startups like <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/01\/swvl-to-move-headquarters-from-egypt-to-dubai-by-november-2019\/\" style=\"\">Swvl<\/a><\/span><span style=\"\"> and <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2020\/02\/10\/vezeeta-moves-headquarters-from-cairo-to-dubai-11643\/\" style=\"\">Vezeeta<\/a><\/span><span style=\"font-weight:400;\"> have moved their HQs to the Gulf as part of efforts to expand internationally and attract more investment.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Taager is hungry for more<\/span><span style=\"\">: The company wants to expand further in the Gulf, according to Elhorishy. \u201cWe are in the final stages of finalizing an expansion to Kuwait, Oman and Qatar,\u201d he told Asharq, adding that entries to Africa and Latin America are also in the pipeline.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Taager wants to invest over SAR 50 mn in the Saudi market<\/p>\n","protected":false},"author":1,"featured_media":581283,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7258],"tags":[199,72,95,3188],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-581282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-e-commerce","tag-enterpriseam","tag-startup-watch","tag-taager","wpautop","entry"],"acf":{"mongo_id":"58081d40-98ec-470b-85f1-ad326435dda7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/11\/e-commerce-1600px.jpg","photo_position":"below","homepage_title":"","full_issue_title":"","related_issue":[581271],"teaser":"Taager wants to invest over SAR 50 mn in the Saudi market"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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Though the company did not specify how the funds would be deployed, co-founder Ali Nasser told the tech outlet that he wants ShipBlu\u2019s network and infrastructure to span\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/288.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577810,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/06\/oneorder-closes-usd-3-mn-round-sideup-raises-usd-1-2-mn\/","url_meta":{"origin":581282,"position":2},"title":"OneOrder closes USD 3 mn round + SideUp raises USD 1.2 mn","author":"enterpriseam admin","date":"6 December 2022","format":false,"excerpt":"One Order raises USD 3 mn in Nclude-led seed round: Tech-enabled F&B logistics platform OneOrder has closed a USD 3 mn seed round led by local fintech fund Nclude, with participation from follow-on investor A15, and Delivery Hero\u2019s VC arm, Techcrunch reports.About OneOrder: Founded earlier this year by restaurateur Tamer\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/92.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":616408,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/05\/hassan-allam-group-sets-up-regional-hq-in-saudi-arabia\/","url_meta":{"origin":581282,"position":3},"title":"Hassan Allam Group sets up regional HQ in Saudi Arabia","author":"enterpriseam admin","date":"5 March 2024","format":false,"excerpt":"The new HQ will monitor the group\u2019s international operations","rel":"","context":"In &quot;Infrastructure&quot;","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/321.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":551085,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/24\/meet-our-founder-of-the-week-rabbits-ahmad-yousry\/","url_meta":{"origin":581282,"position":4},"title":"Meet our founder of the week: Rabbit\u2019s Ahmad Yousry","author":"enterpriseam admin","date":"24 May 2022","format":false,"excerpt":"OUR FOUNDER OF THE WEEK- Ahmad Yousry, co-founder and CEO of Rabbit (LinkedIn). 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