Fetchr To Expand In Four Markets After $41m Funding Round.
Dubai based delivery app Fetchr is planning expansion in Jordan, Oman and two other undisclosed markets this year after closing a $41m funding round.
Speaking to Gulf Business, Fetchr founder and CEO Idriss Rifai said the money would help the firm “put more gas in the tank” in terms of both geographic expansion and adding technical staff to its nearly 1,500-strong workforce.
“We have some pretty aggressive growth plans both in the countries we’re in by diversifying the type of services that we have and to be able to tackle new markets,” he said.
“So we’re planning, just starting two markets in the past two months, which are Jordan and Oman, and we’re planning to start two other markets before the end of the year. There is a lot of pressure for us to succeed in these markets so we need an infusion of capital.”
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