Following its SEED funding round earlier this year, Bahraini startup Inagrab secures follow-on investment from Faith Capital
BY: Startup Bahrain
The Bahraini startup, Inagrab, which helps retail businesses scale their business with the help of A.I., has secured follow-on investment from Faith Capital, a venture capital firm based in Kuwait that invests in talent throughout the MENA region. This news comes after Inagrab has also secured funding from 500 Startups earlier this year.
Launched in 2017 by co-founders Hussain Haji and Mustafa Marhama, the startup aims to support local and international businesses by helping them reach their products to a larger audience. Using data analytics, Inagrab gives access to market intelligence, by informing businesses where and when to promote their product.
Speaking to StartUp Bahrain, Inagrab has stated that they will utilize the funds to expand their operations to Saudi Arabia.
The investment will also benefit Dalooni, a service powered by Inagrab that promises to mitigate the gap between an organization’s business objectives and their sales teams in the most efficient way possible, and helps businesses sell by connecting them to each other. The app is another way that the startup supports local and international business by expanding their market reach and marketing efforts.
Hussain Haji, the co-founder of Inagrab spoke to StartUp Bahrain and said, “We are scaling to help bridge a very important gap in the market, that shouldn’t be left unaddressed. We strive to make everyone’s lives a bit easier.”
Inagrab participated in Flat6Labs Bahrain first cohort and participated in C5 Accelerate’s Cloud 10 program in collaboration with Tamkeen, the Bahrain Economic Development Board (EDB), and powered by Amazon Web Services (AWS).
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