Savola
Taha Kusaifan Street, Building No. 2444, Ash Shati District, Jeddah, Makkah, 23511-7333, Saudi Arabia
Overview
Savola Group is the strategic investment holding group in the food and retail sectors across the MENAT (Middle East, North Africa and Turkey) region. Following a goal-oriented futuristic vision and the understanding of a brand’s role in a consumer’s life, the investment organization established in 1979 became a living proof of creating sustainable value when developing and expanding investments based on a unique set of values owned by the group. Savola owns leading brands for foods like Afia Oils, Al Rawabi Ghee, Al Osra Sugar, Al Malikah Pasta and others.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 7
Sector focus
- Asset Management
- Finance
- Financial Services
- Retail
Investment portfolio
- Capiter
Participated · Series A · Sep 2021
Launched in July 2020, Capiter operates a B2B marketplace that lets merchants order products from FMCGs and wholesalers while the company handles delivery, pricing matching and inventory availability. It combines an asset-light delivery approach with owned inventory for high-turnover items, renting warehouses and outsourcing transportation to third-party logistics providers. Capiter embeds finance by partnering with local banks and the Central Bank to provide working capital and plans to expand its financial services to include payments. The platform uses machine learning to deliver market insights and recommendations to manufacturers and merchants, and it derives revenue from product margins, supplier rebates, commissions on working capital and data services. Capiter serves more than 50,000 merchants and 1,000 sellers, offers up to 6,000 SKUs, and employs over 1,000 people. The company is targeting an annualized revenue of $1 billion by next year and plans vertical expansion (including agriculture and pharmaceuticals) and geographic expansion across MENA.