Saudi-based wholesale platform (MONH), One of Falak Flagship Acceleration Program - Batch 2 graduates, have successfully raised 5 M SAR (Pre-Series A) investment fund led by Enterprise Holding Company and Tasaru Holding company, both owned by Yazeed Alrajhi Holding Group.
Founded in 2018, MONH started as a wholesale grocery platform targeting both individuals and businesses, the platform offers technical and convenient solutions to support businesses digitalizing their periodical procurement saving time and effort, reducing their direct and indirect costs.
MONH co-founders shared their plans using the fund in three major tiers, first to implement the geographic expanding plan has been submitted to investors, via a network of Dark stores in Saudi three main Regions (Central, East & West), second to add more product categories to the current catalog to supply the business channel growing demands, and finally to enhance their the platform technology to keep pace with digital transformation the kingdom is witnessing.