▸ Cartlow is one of the first and fastest-growing re-commerce startups in UAE
The Dubai, UAE-based e-commerce platform that lets customers order pre-owned, refurbished, open box and clearance products through its mobile app on Monday (30 March) raised undisclosed 6-digit investment in USD from Arzan Venture Capital, Vision Ventures, and a group of angel investors.
The company is planning the deploy the funds to enhance technology and focus on expansion in GCC.
Started last year by Mohammad Sleimanm, Cartlow aims to bridge the gap between non-structured market and consumers seeking big-name products at competitive pricing such as smartphones, tablets, laptops, TVs, watches, toys, home appliances and much more.
Since its launch, the company has sold over 100,000 products and witnessed around all a million app downloads.
Commenting over the investment round, Mohammad Sleiman said,
“We are aiming to boost our selection and B2B solution while scaling our technology and expanding to other countries in the GCC region. Our first round of investments came with the aim to grow the business while keeping our promise to offering consumers a ‘smarter way to shop’.”
Affirming the idea of Cartlow as a platform building trust among the users in the UAE, Sleiman added,
“Consumer adaption to the ‘pre-owned goods’ market is growing as trust is built with quality checks for each product. While other businesses may connect the buyers and sellers, we are raising the bar of the pre-loved items by providing a quality service by offering warranty, return policy, and extra value-added services such as instalment plans, and much more launching soon”