Regolith financial system has invested $600,000 in Russia-based Dubai market aggregator YallaHub, a business project of YallaMarket, a fast food delivery service. The company will use the funds raised for geographic expansion.
A YallaMarket representative told RB.RU about the deal.
YallaMarket fast food delivery service was founded by entrepreneurs Leonid Dovbenko and Stanislav Seleznev in 2021. YallaMarket business project is Dubai YallaHub market aggregator, launched in 2022.
YallaHub offers merchants a solution to bring their products to the UAE and GCC markets. The service package includes import and certification of products, legal registration, logistics and customs clearance of goods, storage of goods in a warehouse, creation of stores in markets, management of sales growth, support service and delivery to customers in Dubai.
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YallaHub plans to use $600,000 of investments raised from Regolith for geographic expansion. The first countries will be Saudi Arabia and Qatar, according to YallaMarket.
According to YallaMarket’s own data, the total amount of funds raised by the company, taking into account the current round, exceeds $12.6 million Wamda Capital, Doha Tech Angels, Fry One Ventures, AngelsDeck, Dubai Angel Investors, the restaurateur Alexander Sysoev and founder “ DoDo Pizza Fedor Ovchinnikov.
Author:
Kirill Bilyk
Source: RB
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