Saudi Arabia-based venture capital firm, Vision Ventures, on Sunday, announced that it has invested an undisclosed amount in the Saudi Arabia-based smart locker startup RedBox. Vision Ventures said it in a tweet yesterday,
RedBox helps merchants, e-commerce platforms as well as regular customers manage and effectively track their parcel shipping. It allows its clients to receive and return their packages through RedBox parcel lockers stationed around the Kingdom.
The company works with Shopify, Zid, Magneto and others, and serves major brands like Carrefour, Aramex, OTO among others.