Glamera is a SaaS startup that was founded in Egypt but has now moved its operations to Saudi Arabia. The company recently completed a Seed fundraising round that garnered $1.3 million and was headed by Riyadh Angels Investors (RAI).
Investors from Techstars Accelerator, Ithraa Venture Capital, 100 Ventures, Silicon Valley Venture “Lucrative Ventures,” and Super Angel Investors all took part in the round.
“The fund will be used to continue developing and launching the planned new services and expand to more gulf markets,” said Omar Fathy, Founder and CTO.
A Look At What The Startup Does
Glamera was established in 2020 by Mohamed Hassan and Omar Fathy, and it quickly expanded to span a number of cities in Saudi Arabia, including Riyadh, Jeddah, Dammam, Taif, Qassim, Madina, and Tabuk, in addition to Cairo and Alexandria in Egypt.
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The All-In-One platform offers B2B services to businesses that provide services in the beauty and lifestyle industries, such as beauty salons, barber shops, fitness centres, spas, and makeup artists. Additionally, it offers a B2B2C marketplace in which customers may locate these service providers and book appointments with them.
To this day, it has enabled a gross merchandise value of $45 Million to be transacted, and it has accomplished ongoing development in both revenue and customer acquisition.
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“We have successfully validated the market need,” said Mohamed Hassan, Founder and CEO. He continued “and now we can confidently work towards leading the market with our fully integrated solutions and play part in the Saudi digital transformation vision 2030. We aim to work with 2500+ clients and achieve $500M GMV by the end of 2023.”
The founding team shared how they have high hopes that such news would throw light on a long-forgotten industry that has seen very little development over the years despite the fact that it is immense in size and has a significant possibility.
Glamera SaaS Glamera SaaS
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh