Hi! Daniel and the team from Retailhub.ae here. We’re excited to share our yearly update, reflecting on an incredible year of growth and innovation.
In 2023, we uncovered a significant gap: grocery retail chains, CPG companies, and aggregators lack real-time data on shelf availability, causing businesses in MENA $50 billion in annual losses from missed revenue, wastage, and operational inefficiencies.
We began with manual scanning and content creation services that immediately added value by improving product availability and enhancing online listings for our customers.
In 2024, we scaled these services 7x and productized them into ShelfVision, unlocking massive scaling potential.
In 2024 our revenue grew organically by 7x, driven by increased demand from two key customers: Noon and Deliveroo. Both needed real-time shelf data to reduce out-of-stock rates and improve their assortment parity with supermarkets. Our solutions directly addressed these challenges.
Revenue streams:
We raised $400k this year from prominent investors, including Oraseya Capital, Angel Spark (with multiple investors from the syndicate topping up personally), Jonathan Labin, and Sergey Lushkin. This funding enabled key milestones: