Splyr Global raises $500,000 investment
Quality & Saving Center has announced a $500,000 investment in the Dubai-based eCommerce startup Splyr Global. The impressive growth of Splyr during the partnership with Q&S proved effective in increasing their sales during the peak of the COVID19 pandemic, which led to Q&S’ current investment as a testament to the vision of its founding team. […]
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Quality & Saving Center has announced a $500,000 investment in the Dubai-based eCommerce startup Splyr Global.
The impressive growth of Splyr during the partnership with Q&S proved effective in increasing their sales during the peak of the COVID19 pandemic, which led to Q&S’ current investment as a testament to the vision of its founding team. Splyr has grown from five to 25 employees over the past 6 months and the company managed to onboard over 1500 suppliers and 26,000 SKUs serving thousands of customers throughout the region.
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Q&S General Manager, Salah Alrawi said, “Q&S believes the future of retail is both online and offline, and we couldn’t be happier to invest in such an amazing team and product.” Quality & Saving Center operates a chain of hypermarkets, retail and wholesale companies, headquartered in Muscat, Oman. It was founded in 2006 and operates more than eight hypermarkets. Q&S Center has over 600 employees of various nationalities. The company has many subsidiaries in Bahrain and Africa.
Splyr Global is a Dubai-based e-commerce startup and wholesale platform founded and led by a team of seasoned business and technology professionals who have worked at some of the top companies within their sectors. Splyr.com is a B2B marketplace connecting small and medium businesses with suppliers and wholesalers and produces a seamless and efficient supply chain process.
Ahmed Subhi, Managing Partner at Splyr stated, “This investment will help Splyr accelerate its growth in new markets like Iraq and Saudi Arabia and other countries.” The startup is planning to use the fund to enhance its platform and introduce new features, establish a physical presence in the new markets and hire local resources.
