CMA CGM and Tamer Group participated in a round that will support the e-commerce delivery service’s expansion to Saudi Arabia.
United Arab Emirates-based e-commerce logistics service Fetchr has raised $15m from investors including shipping services firm CMA CGM and diversified conglomerate Tamer Group, Bloomberg reported yesterday.
Venture capital firm Beco Capital filled out the round, which is pending approval from Fetchr’s stockholders and which could reach a $25m close.
Fetchr provides a consumer goods delivery service for online merchants based in the Middle East. It received a $10m bridge loan in December 2019 to halt bankruptcy proceedings, and has since…
