Riyadh: Saudi Arabia’s fast-rising Q-Commerce platform, Ninja, has raised SAR 1 billion in a significant investment round led by Riyad Capital, as the company aims to accelerate expansion across the Kingdom and strengthen its position in the digital retail sector.
The investment was facilitated through the Riyad Pre-IPO Opportunities Fund and is expected to boost Ninja’s operations by enabling entry into new cities, advancing its tech infrastructure, and expanding logistics capabilities.
Operational Growth Backed by Profitability
Founded in 2022, Ninja has grown rapidly in the competitive quick-commerce landscape. The platform offers a wide range of services including grocery delivery, personal care products, restaurant orders, and a growing digital pharmacy segment.
The company reports it has reached operational profitability in a short span, supported by a surge in customer acquisition and rising order volumes.
“Ninja embodies the innovation and entrepreneurial spirit that define Saudi Arabia’s startup ecosystem,” said Mohammed Alarifi, Managing Director of Private Equity and Venture Capital at Riyad Capital. “They’ve reimagined digital shopping and secured a strong market position, while remaining profitable.”
Riyad Capital’s Strategic Commitment
The funding marks another major move by Riyad Capital, which manages over SAR 2 billion in private equity and venture capital assets. The firm has previously backed several high-growth Saudi tech companies, including Foodics, Unifonic, and Sure Global Tech. These ventures have generated exit values exceeding SAR 150 million.
“This investment reinforces our long-standing support for Saudi Arabia’s digital economy,” Alarifi added. “Ninja’s strong fundamentals make it a key player in the Kingdom’s retail transformation.”
Scaling Ambitions
Ninja plans to use the funding to expand its digital pharmacy vertical, enhance AI-powered logistics, and grow into new urban centers across Saudi Arabia. The company has positioned itself at the intersection of convenience, technology, and customer demand, making it a leading force in the country’s rapidly evolving commerce landscape.
“This funding allows us to scale without compromising on speed, quality, or profitability,” a Ninja spokesperson said. “We’re focused on building a retail ecosystem that keeps pace with modern Saudi lifestyles.”
Sector Momentum Continues
The deal reflects growing investor confidence in Saudi Arabia’s Vision 2030 roadmap, which prioritizes innovation, private sector development, and digital transformation. The Kingdom has become a magnet for venture capital activity, particularly in fintech, logistics, and consumer technology.
Ninja’s SAR 1 billion raise signals that Q-Commerce is not just gaining traction, but becoming a defining element of Saudi Arabia’s startup success story.
