According to reports from Bloomberg, Ninja, a fast-moving consumer goods (FMCG) delivery company, is in talks to raise investments in a pre-IPO funding round at a valuation exceeding $1 billion.
Riyad Capital is expected to lead the round, as the company prepares for its initial public offering (IPO) in 2027.
Launched in 2022, Ninja previously closed a Pre-Seed funding round led by Bunat Ventures, though the amount was undisclosed.
Since its inception, the company has expanded its services from Saudi Arabia to other countries, including Bahrain, Qatar, and Kuwait, reflecting its business model focused on meeting the growing demand for fast delivery services in the region
