Led by its strategic partner Qatar Development Bank (QDB) and the participation of many investors, the Qatari e-commerce startup Snoonu has successfully raised $5 million in the Series A funding round.

Snoonu was founded in 2019 and is the one stop application that facilitates online shopping, lifestyle, food, grocery delivery, and third-party logistics services for startups and SMEs in Qatar.

Moreover, the consumer application provides a variety of popular vendors and offers a variety of features.

Snoonu has been able to make online shopping seamless for over 100,000 of its users and has helped support vendors who have been impacted by the negative effects of the COVID-19 pandemic.

By offering lower commissions, a more comprehensive coverage option, and a takeaway feature, Snoonu has helped merchants grow their businesses during the pandemic.

With the aim of offering a wide range of locally sourced products and providing greater exposure to local vendors, Snoonu had launched its 24/7 online grocery store back in November 2020.

فخورون في بنك قطر للتنمية بالإنجازات التي وصلت له شركة سنونو في الفترة الاخيرة وحصولها على تمويل بقيمة ٥ مليون دولار

تعتبر شركة سنونو من الشركات الصغيرة والمتوسطة الرائدة في دولة قطر خلال الفترة الاخيرة

نتمنى لهم وللشركات الأخرى المزيد من النجاح والتقدم https://t.co/Uciaqj8uAP

— بنك قطر للتنمية (@QDBQA) April 14, 2021

According to Co-founder and CEO Hamad Mubarak Al Hajiri,” We began with a vision to disrupt the last-mile delivery space in Qatar, but a few months in, we realized an opportunity to converge multiple services and become the super-app that moves the region forward through innovation and technology.

“Through Snoonu, we aim to become the pioneers in growing the tech ecosystem in Qatar and encourage a wave of young entrepreneurs to design and launch solutions to everyday problems across the MENA region,” he added.

Abdulaziz Bin Nasser Al-Khalifa, CEO of QDB commented, “As Snoonu’s first institutional investor, we are proud to see more and more Qatari startups leveraging QDB’s all-embracing support ecosystem to power their vision, secure exceptional funding, and jumpstart their bold regional growth plans.

“The scale that Hamad and the Snoonu team have achieved for the company thus far is quite remarkable, and we are excited to continue providing our strategic and structural support to foster the company’s future growth and progressive ambitions.”

Sabina Abuova, Co-founder and CMO of Snoonu, explained that Snoonu has been able to develop its product and brand through the support received, and is in line with Snoonu’s customer-centric approach and commitment to innovate and improve the livelihoods of people in Qatar and across the region.

Humza Abid Khan, Founding Team member at Careem Pakistan and Snoonu’s COO, pointed out that the funding received by its investors will enable Snoonu to grow exponentially in Qatar and the local region.

Moreover, Humza Khan stated that Snoonu is currently focused on developing its technology to continuously improve the product and operational excellence.

Snoonu has recently announced a partnership with Microsoft in March and is in line with its vision to leverage technology for enhancing the consumer experience.

As a result, Snoonu will soon migrate its services to the Microsoft Azure platform with the aim of creating a positive impact on their efficiency and productivity.

By continuing to expand its offering in the local region through the addition of new features and services to its platform, entering international markets will be the next step for the successful startup.

For more information on Snoonu, please visit their website.

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Cover Image Credit and Source: Magnitt