Ninja
About
Homegrown e‑commerce/fast-delivery platform integrating domestic supplier networks and preparing for potential Tadawul listing.
Recent News
Gulf stock exchanges are growing in importance, but they’re still a long way from becoming capital market hubs -Fitch
Gulf exchanges have grown as an alternative to bank financing but remain concentrated and thin; IPO activity in the UAE and Saudi has stalled with several major listings paused, while private firms like delivery app Ninja are eyeing listings.
Arab News
Saudi digital-payments firm barq raised SR1.24 billion (USD 329.5m) in a Series A at a USD 1.85bn valuation, becoming the Kingdom’s newest fintech unicorn and planning regional and international expansion.
Startups in Saudi Arabia News
Saudi Arabia's startup ecosystem has grown rapidly to an estimated $41.5B with major activity in fintech, enterprise AI and logistics; several well-known local startups are expanding regionally while D360 Bank led 2026 fundraising. Founders are advised to prioritize paid pilots, localization and tie-ups with large buyers to convert capital into durable businesses.
Gulf Business Pivots and SME Survival: H1 2026 Review
H1 2026 saw Gulf startups that pivoted capture capital and share, with fintech and e‑commerce/logistics dominating VC flows (notably Tabby and Hala), while legacy mid‑market firms struggled under tighter liquidity. Large industrial project financing also featured, led by United Solar's polysilicon plant funding in Oman.