OTO will utilise the funds to scale and strengthen its market in UAE, Saudi Arabia, and Turkey with new features on its platform.

Leading logistic and platforms OTO has successfully secured USD8 million (SAR30 million) during a Series A funding round, backed by Sanabil Investments. The investment round also witnessed the participation of Sadu Capital, Propeller, Iliad Partners, and Soma Capitals. Earlier, OTO raised USD3.3 million (SAR12.3 million) from angel investors and Venture Capital funds such as MEVP (Middle East Venture Partners), 500 Global, and Derayah Ventures.

OTO is looking to utilise the freshly raised funds to scale and strengthen its market presence in the UAE, Saudi Arabia, and Turkey. It will equally enhance and initiate new features on its platform, focusing on SMBs and Enterprise online merchants, allowing it to further make the delivery process faster, and deliver a more structured shipping experience to the customers.

OTO provides a robust range of technical solutions that will empower merchants in managing, shipping, tracking, and analysing their storage and shipping activities smoothly. OTO synchronises and automates every possible feature of the shipping process by linking merchants directly with more than 250 regional and multinational e-commerce platforms and shipping companies. The consolidation offers a merged platform to meet every logistic need by streamlining its operation and enhancing efficiency. The merchants on the OTO platform can directly connect their personal shipping contracts through their accounts on the OTO or purchase shipping labels right using OTO’s competitive pre-concluded rates.

Founded in 2019 by Mohammad AlRazaz and Furkan Uzar, OTO is a logistic technological company focusing on simplifying the process of order shipping, management, tracking, return, and analysing through a single merged platform.

Mohammad AlRazaz, the Co-Founder and CEO of OTO, said, “Securing this funding round is a testament to our team’s dedication and our commitment to transforming the shipping and logistics sector in line with Saudi Vision 2030. We are focused on delivering innovative solutions that enable merchants to streamline their operations and manage logistics with unmatched efficiency.”

A spokesperson from Sanabil Investments further added, “The last few years have put a significant spotlight on the shipping industry and increased the need for smart shipping solutions. OTO has built a platform with a fully integrated set of functionalities to help companies of all shapes and sizes meet their logistics requirements. We are excited to partner with them to support their growth plans across the region.”

OTO has successfully developed its very own client base and presently supports over 10,000 regional and multinational brands on the OTO platform. On a yearly basis, the company has multiplied its collected revenue and earned remarkable growth in the processed orders.

Furkan Uzar, CTO and Co-founder of OTO further said that the freshly raised funds will take a step ahead toward their vision of becoming the ultimate shipping gateway of the internet. By filling the technical gap between the sales channels and the shipping companies, OTO can accelerate its growth and provide its customers with automated, streamlined shipping solutions.

GCC, the Gulf Corporation Council e-commerce market is balanced for signifying growth with the calculation which indicates that it will strike the $50 million bar by 2025. Its impactful expansion, initiated majorly by Saudi Arabia and the United Arab Emirates, boasts an estimated annual growth rate of 17.8% starting from 2024 to 2029. By the year 2029, the market stretch is expected to hit USD49.5 billion. Combining all, these dynamic market forces are on track to surpass $150 billion by 2030, underscoring the escalated digital e-commerce landscape in the region.