NBM buys stake in DIGGIPACKS

DIGGIPACKS investment logo

The popular stock analysis platform from Saudi Arabia, National Building and Marketing aka NBM has gained a 9% stake in DIGGIPACKS and that’s not all. DIGGIPACKS is a Delivery and Logistics startup situated in the Kingdom and operates there as well. The gets return off of a new $400K Pre-Seed speculation for the startup, which highlighted support from YOUXEL Ventures, OQAL, and other Saudi private investors which made the round even more lively.

This popular eCommerce platform DIGGIPACKS was founded by Hasan Jabarti and Amin Al-Atrash back in 2020. Amin Al-Atrash has about 20 years of involvement with the coordinations, last-mile, cold-chain, and other business areas, to make an impression inside the business which clearly makes him more than qualified. As of now, DIGGIPACKS covers more than 13 areas in Saudi Arabia and is incorporated with multi-merchants in the item delivery businesses in the same region of course.

Until now, the startup has effectively incorporated with in excess of 30 last-mile organizations on the lookout and is meaning to arrive at various 5 fulfillment communities within this year.

“This agreement will introduce DIGGIPACKS to the trucking industry in the Saudi market and start aggregating this segment under the 4PL concept that DIGGIPACKS is already based upon,” commented the CEO of DIGGIPACKS, Hasan Jabarti.

The NBM here is focused on affirming DIGGIPACKS as a supplier of the transport industry without special conditions making them pretty much one of the popular and privileged organizations, given that the volume of exchanges inside a finish of their current deal isn’t under 15 million riyals.