Iraq-based e-commerce platform Orisdi closed an undisclosed six-figure bridge round in a bid to expand its domestic e-commerce trade, according to a press release (pdf). The round of investment — which closed in April — drew fresh funding from new and existing participants including Al Sharqiya TV Group, Iraq Venture Partners, and a number of individual investors.

Where will the funds go? Orisdi will use the funds to solidify business development efforts — which include expanding successful product categories — and expand its e-commerce foothold in Iraq, according to the statement. The startup aims to achieve profitability this year, CEO Ahmed Al Kiremli said in the statement.

About Orisidi: Founded in 2019, Orisdi is an e-commerce platform that offers products including perfumes, cosmetics, appliances, and health and beauty products. The company saw its bottomline increase 28.67% y-o-y in 2023 and recorded substantial improvements in profitability margins.

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