Egyptian Q-commerce Startup Rabbit Secures Funding For Saudi Arabian Expansion

Egyptian quick-commerce q-commerce startup Rabbit has announced a new funding round to drive its expansion into the Saudi Arabian market, marking a significant step in its regional growth strategy.

The investment amount remains undisclosed but is led by existing investors alongside a group of Gulf-based venture capital firms. The funds will enable Rabbit's entry into Riyadh and Jeddah, two of Saudi Arabia's fastest-growing urban hubs. Key investors in this round include Raed Ventures, Global Founders Capital, and a new strategic partner based in the Kingdom.

Founded in 2021, Rabbit pioneered the q-commerce model in Egypt, offering ultra-fast deliveries-often within 20 minutes-for groceries, personal care items, and household essentials. The startup's technology-driven logistics platform and hyper-local fulfillment centers have helped it establish a loyal customer base across Cairo and Alexandria.

Ahmed Yousry, CEO and co-founder of Rabbit, described the move into Saudi Arabia as a natural progression, citing the country's booming e-commerce sector and young, tech-savvy population. "Saudi Arabia is experiencing a surge in demand for faster, more reliable delivery services. With this new funding, we're ready to bring Rabbit's magic to a whole new audience," Yousry stated.

Rabbit's expansion strategy includes setting up localized micro-fulfillment centers and launching a dedicated Saudi mobile app tailored to the specific needs and preferences of local consumers. The company also plans to hire locally, tapping into Saudi Arabia's expanding pool of tech and operations talent.