Kuwait’s quick-commerce platform Circle raises development funding

Circle CEO Altaf AlThekair
Circle CEO Altaf AlThekair. (Source: LinkedIn)

Kuwait’s quick-commerce platform Circle has raised US$6 million in Series A funding from a consortium of unnamed investors.

The company plans to spend the fund on expanding beyond Kuwait, with an aim to establish a presence in key regional markets by early next year. 

Circle said the expansion, driven by efficient infrastructure and tech-enabled operations, allows it to grow across the region while remaining focused on serving local communities.

“Securing this funding is a major milestone that propels us toward our vision of reshaping quick commerce in the MENA region,” CEO Altaf AlThekair said in a press release. 

“Our growth story is rooted in our dedication to combining speed with purpose – empowering our local customers while maintaining the highest standards of convenience and reliability.”

Circle was founded in 2020 and launched its dark stores in mid-2023. The company has achieved 7x revenue growth over the past two years, driven by the commitment to hyperlocal speed, customer peace of mind, and effortless convenience.

According to the business, it operates on a network of tech-enabled, hyperlocal fulfillment centers and dark stores, ensuring products are never out of stock and always within reach. Its user-friendly app allows customers to complete an order in seconds and have the items delivered to their doorsteps within minutes.

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