One of the region’s fastest growing startups, Cartlow, raises its first round of funds from Arzan Venture Capital, Vision Ventures, and a group of angel investors.
The UAE startup is one of the first ‘re-commerce’ apps in the region, filling a gap in the pre-owned market by providing a solution for both retailers and consumers while sustaining the environment. With this investment, Cartlow plans to enhance technology and focus on near-future expansion to various GCC countries.
With inception in 2019, Cartlow has already shown success with over 100,000 items sold and half a million downloads since the official launch. Potentially a promising future for the home-grown concept, Cartlow foresees rapid growth this year with its first round of investments as it continues to scale.
Cartlow is currently bridging a non-structured market gap and offering local consumers big-name products at market-beating prices from smartphones and tablets, to laptops, TVs, watches, toys, home appliances and more.