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1000 Saudi’s Shift raises ~$83 million to grow its omnichannel car rental and mobility platform

MENAbytes
MB Staff @ MENAbytes 2 place · 09/24/2024 14:23 EDT

Saudi’s Shift raises ~$83 million to grow its omnichannel car rental and mobility platform

Jeddah-headquartered mobility company Shift has raised about $83 million from Saudi investment firm Merak Capital, it announced in a statement today. This is the third growth (or private equity) investment by Merak Capital which previously invested $40 million in data company Master Works in 2022 and $30 million in HR software startup Jisr in late ...

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