OTO — Streamlining Shipping for Online Businesses
OTO, a Saudi Arabia-based logistics and shipping startup, has secured $8 million. It secured the funds in a Series A funding led by PIF-owned Sanabil Investments. This significant investment will fuel OTO’s mission to simplify shipping for online businesses across the region.
OTO Connecting Merchants with Seamless Shipping
Founded in 2019, OTO acts as a bridge between online merchants and a vast network of shipping carriers. Their platform offers a centralized hub for managing all aspects of the shipping process, from order fulfillment to tracking and delivery.
How does OTO Work for Shipping and Logistics
OTO empowers online businesses by:
- Connecting with Multiple Carriers: Integrating with over 250 local and international carriers, including giants like Aramex, FedEx, DHL, and more.
- Streamlining Operations: Enabling merchants to manage all their shipping needs from a single platform. In effect, eliminating the hassle of dealing with multiple shipping dashboards.
- Negotiating Competitive Rates: Securing discounted rates with shipping partners, helping merchants optimize shipping costs.
- Providing Real-time Tracking: Offering real-time order tracking to provide customers with up-to-date delivery information.
Fueling Growth and Expansion
This $8 million Series A funding round, which also includes participation from leading investors like Sadu Capital, Iliad Partners, Propeller, and Soma Capital, will enable OTO to:
- Expand its Product Offerings: Introduce new features and functionalities to enhance the platform’s capabilities and better serve the evolving needs of its customers.
- Strengthen its Market Position: Expand its operations in key markets such as Saudi Arabia, UAE, and Turkey.
- Invest in Technology: Continue to invest in cutting-edge technology to improve the efficiency and reliability of its platform.
A Vision for the Future
“This funding round is a testament to our team’s dedication and our commitment to transforming the shipping and logistics sector,” says Mohammad AlRazaz, co-founder and CEO of OTO. “We are focused on delivering innovative solutions that empower online merchants to streamline their operations and achieve greater success.”
With this significant investment, OTO is poised to become a leading player in the regional logistics market, empowering online businesses to thrive in the ever-evolving e-commerce landscape.
