New Financing from OTO
OTO is rapidly starting to evaluate the new financing it received to strengthen its presence in Turkey, Saudi Arabia and the United Arab Emirates. With these new resources, the platform aims to improve its services for SMEs and online retailers and provide faster and more efficient shipping experiences to its customers.
Technological Solutions Offered by OTO
OTO offers technological solutions that facilitate cargo and storage activities and ensure smooth management. The platform automates cargo processes by directly integrating with more than 250 domestic and international cargo companies and e-commerce platforms and enables efficient management of operations.
OTO’s Future Goals
“We are focused on providing innovative solutions that enable companies to streamline their operations and manage their logistics operations with unparalleled efficiency,” said Mohammad AlRazaz, Co-Founder and CEO of OTO. The company currently supports over 10,000 local and international brands on its platform and is continuously growing its revenue.
Collaboration with Sanabil Investments
OTO’s new financing continues to support the company’s growth plans by collaborating with strong investors such as Sanabil Investments. Sanabil Investments aims to support OTO in achieving its goals by considering its growth potential in the region.
Growth Potential in the E-Commerce Market
Gulf Cooperation Council (GCC) and Turkey e-commerce markets are expected to grow rapidly in the coming years. There is high growth potential in the e-commerce sector, especially in Saudi Arabia, UAE and Turkey. Technology-focused companies such as OTO are expected to play an important role in these dynamic markets.
About
OTO is a company founded in Saudi Arabia in 2019 and specializes in logistics technologies. The platform offers solutions to simplify order fulfillment, management, tracking, returns and analysis. Sanabil Investments is a strong financial investment company that makes investments in the VC/Growth field.
