# Cartlow DMCC

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cartlow-dmcc

- Industry: Retail
- Headquarters: Dubai, United Arab Emirates
- Website: www.cartlow.com
- Total disclosed funding: $21M
- Latest round: Series A (Jun 15, 2022)
- Investors on record: 4

## About

Cartlow DMCC is an online retail platform specializing in affordable electronics and digital services, catering to individual consumers and businesses across the UAE and Saudi Arabia.Founded in 2019 and headquartered in Dubai, United Arab Emirates, Cartlow DMCC operates as an online retail platform focused on electronics. The company has undergone strategic developments to enhance its service offerings. The founders, Mohammed Sleiman and Nour Sleiman, have established a solid base for the company. Cartlow raised USD 18.00 mn in Series A funding led by Alsulaiman Group on June 15, 2022, which represents the total amount raised to date through its funding efforts.Cartlow INTL primarily operates as an online retail platform offering a diverse range of electronics, gadgets, and digital services at competitive prices. Their core product offerings include a variety of consumer electronics such as smartphones, laptops, gaming consoles, and household appliances, alongside digital products like gift cards and e-gaming services. These products cater to a wide clientele, including individual consumers looking for affordable electronics, tech enthusiasts, and businesses seeking bulk purchases or gift cards for employee incentives. The company also emphasizes partnerships with major brands and financial institutions to enhance its service offerings. Cartlow's services extend primarily to the United Arab Emirates and Saudi Arabia, contributing to its market presence in these regions while also reaching international customers.The revenue model of Cartlow INTL is structured around direct-to-consumer sales and business-to-business transactions, where clients can purchase both individual items and bulk orders. The company generates revenue through the sale of electronic products and digital services, including gift cards for various retail and entertainment platforms. Transactions often involve immediate purchases by consumers, facilitated through their website and mobile applications, allowing quick access to competitive pricing. Cartlow also leverages partnerships with financial institutions like Emirates NBD and ADCB, enabling payment solutions that may include installment plans or discounts for specific consumer segments. Specific pricing details for flagship products, such as the latest smartphone models or gaming consoles, reflect the competitive market positioning and affordability that Cartlow aims to provide to its customers.In June 2022, Cartlow DMCC raised USD 18.00 mn in Series A funding, which will be utilized to expand its business range in Saudi Arabia and the UAE and further develop its technology. The company aims to introduce new product offerings and enhance its existing technology by the end of 2023, thereby solidifying its market presence in targeted regions.

## Funding rounds

- Series A, Jun 15, 2022, $18M — Alsulaiman Group
- Seed, Nov 2, 2020, $2M — Arzan Venture Capital, Vision Ventures, OTF Jasoor Ventures
- Seed, Mar 1, 2020, $1.5M — Arzan Venture Capital, Vision Ventures

## Investors

- Arzan Venture Capital (https://capitalatlas.ai/funds/arzan-venture-capital) — Seed
- Vision Ventures — Seed
- OTF Jasoor Ventures — Seed
- Alsulaiman Group (https://capitalatlas.ai/funds/alsulaiman-group) — Series A