Salla raises $130m pre-IPO round led by Investcorp and Sanabil
By Cicada DeskEvent date: 1 min read
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In brief
Saudi e-commerce enablement platform Salla raised $130 million in a pre-IPO equity round co-led by Investcorp and Sanabil Investments, with participation from STV, Bloomberg reported on 4 March 2024.
Saudi e-commerce enablement platform Salla raised $130 million in a pre-IPO equity round co-led by Investcorp and Sanabil Investments, with participation from STV, Bloomberg reported on 4 March 2024. The company said the round was a milestone toward going public.
It described the regional e-commerce market as worth about $20 billion.
Key figures
- $130mround size
Sources
This report is compiled from the sources below. Cicada links to every source we rely on.
- 1Investcorp, Sanabil Back Salla's $130 Million Pre-IPO Fundraise Bloomberg · 4 Mar 2024
- 2Latham Advises Salla on its US$130 Million Pre-IPO Equity Financing Latham & Watkins · 8 Mar 2024
Archive report. Written in 2026 from contemporary sources and dated to the day the event happened.
Cite this story
Cicada Desk. "Salla raises $130m pre-IPO round led by Investcorp and Sanabil". Cicada, 4 March 2024. https://cicadaconsultancy.online/en/news/salla-pre-ipo-130m-2024
Free to quote and reuse with attribution under CC BY 4.0.
