Saudi-based logistics technology startup Pickappo has secured SAR 2 million ($533,000) in a pre-seed funding round backed by an angel investor and an investment fund, whose identities were not disclosed.
As per the company’s press release, this funding will be used to strengthen digital infrastructure for the on-demand delivery sector across Saudi Arabia and the wider region. The investment will also support the development of Pickappo’s technology products, enhance its artificial intelligence and automation capabilities, attract specialized talent, and expand its network of strategic partnerships.
Founded as a B2B rapid delivery solutions platform, Pickappo connects logistics providers, ordering platforms, online stores, and restaurants through a unified technology network. Since its launch, the company has built an operational network of more than 100 logistics companies and established multiple integrations with e-commerce and food delivery platforms.
The funding comes amid strong growth in Saudi Arabia’s logistics and digital commerce sectors, as businesses increasingly seek technology-driven solutions to improve delivery efficiency and scalability.
Led by Waleed Ghoneim, who previously worked on the early growth of HungerStation and later joined Nana, Pickappo aims to position itself as a technology enabler for the on-demand delivery industry rather than a direct competitor to delivery operators.
