Shorages Secures $1 Million Pre-Series A Funding 

Source: WAM

With a focus on providing a robust network of fulfilment centres, Shorages equips merchants with the essential infrastructure to thrive in the GCC's online market. Operating across the UAE and now in KSA, the company stands ready to receive inventory and fulfil orders both locally and internationally on behalf of its clients.

Positioning itself as an omnichannel logistics provider, Shorages empowers merchants to expand their businesses seamlessly across B2B and B2C channels. Leveraging economies of scale, the company negotiates favourable terms with suppliers, passing on these benefits to its clientele.

A key pillar of Shorages' strategy is its investment in technology. The company's warehouse management and order fulfilment system serve as a central hub for merchants, offering real-time insights into stock levels, order statuses, and sales performance. Compatible with leading B2C platforms like Shopify, Sala, and WooCommerce, as well as major marketplaces such as Amazon and Noon, Shorages' software streamlines operations for its clients and staff alike.

The latest funding round will fuel Shorages' international expansion plans, with a focus on establishing additional warehouses across the GCC. Building upon its presence in KSA, the company aims to facilitate the seamless entry of brands into the Kingdom, bridging the gap between the UAE and KSA markets.

Shorages envisions itself as a pivotal player in the GCC's third-party logistics (3PL) ecosystem. CEO Rayan Osseiran expresses confidence in the company's trajectory, stating, "We see immense potential in the GCC as a strategic hub for brand expansion. Our goal is to position Shorages as the premier logistics partner for companies looking to tap into this market. We are delighted to welcome Joa Capital on board as we work towards realizing this vision."

Leading the investment is Joa Capital, through its S3 Ventures Fund. Abdulrahman Almousa, Partner at Joa Capital, emphasizes the firm's commitment to supporting innovative ventures like Shorages. He comments, "Our investment underscores our dedication to nurturing transformative businesses that are reshaping the commerce landscape in the GCC and beyond. We look forward to collaborating with Shorages to drive their growth and impact in the region."

This funding round marks a significant milestone for Shorages as it accelerates its mission to revolutionize logistics and empower businesses in the GCC and beyond.