Ahlan app secures $3 million funding with $15 million valuation from strategic investors.

Bahrain’s Ahlan App has secured a funding amount of $3 million investment at an overall valuation of $15 million, which was led by Hope Ventures. The investment was proceeded by Hope Ventures along with Al Rajhi Holdings and other angel investors. The firm was launched in the year 2021 by Faisal Rashed. Ahlan app is a Bahrain-based loyalty programme and delivery platform that offers its customers rewards in return for their loyalty with cashback directly on the platform through its dine-in, pick-up, and home delivery services. Ahlan will use this fund injection to raise and progress its market share across Bahrain. 

The Bahrain-based loyalty programme app, Ahlan, successfully raised an investment of $3 million in the first investment round led and fully inducted by Hope Ventures. The highlighted part of this investment was it was joined by several reputed angel investors and top-tier private sector investors as well. 

The app which launched in 2021 to this date, has gained an attractive user base and around 1,400+ vendors and offered services to over 200,000 clients, rewarding the same with more than $10 million cashback in credit. The platform, by leveraging its listed accounts’ robust analytics and actionable insights, has helped Bahrainian companies and vendors alike promote their business in order to make data-driven decisions that bring out the optimum delivery options, reduce costs, and enhance the overall satisfaction of the customers. 

The Co-Founder of Ahlan, Faisal Rashed, stated regarding this funding, “We are excited to announce the investment round in Ahlan led by Hope Ventures, as it is a significant vote of confidence in our mission to enhance people’s experience with loyalty programmes in the region and solidifies our position as a trailblazer in the loyalty programme and delivery platform space. With their support, Ahlan App is eager to expand its existing offerings and explore tech products that support the F&B industry, such as point-of-sale solutions and other B2B platforms.” 

This investment in Ahlan falls under the category of Hope Ventures’ mandate of investing in promising, high-potential Bahraini businesses and SMEs with an unwavering commitment to building value with passionate & determined founders, possessing a goal of strategically expediting the company’s growth and expansion into new markets through Hope’s extensive regional network and resources, which results in economic growth and fosters a thriving business ecosystem. 

Commenting on the same, Fajer Saleh Alpachachi, General Manager at Hope Ventures, stated: “We are thrilled to be announcing Hope’s investment in Ahlan. Our decision to lead this investment round reflects Hope’s belief in Ahlan’s vision and the immense potential of its platform. We look forward to working closely with Ahlan to enhance their product and platform offerings, expand their reach, and forge strategic partnerships with key stakeholders. A key driver for Hope’s investment in Ahlan is also to accelerate the growth of local businesses that require delivery services and customer acquisition through an affordable and efficient platform such as Ahlan.”

The Bahrainian app Ahlan will make use of this fund to expand its landscape and venture into new markets. This strategic move will enable users and vendors with a one-stop platform for a wide range of services along with seamless delivery of user-interface experience that helps in saving more money for the customers and vendors.