Ahlan App Secures $3 Million Investment Led by Hope Ventures
Ahlan App will use the money to fuel its expansion plans.
Bahrain-based loyalty program Ahlan App has concluded a $3 million investment round led by Hope Ventures. Following the round, the company's valuation hit $15 million.[1]
Established in 2021 by Faisal Rashed, Ahlan is a delivery platform and loyalty program that offers cashback incentives to its patrons for their continued patronage via its dine-in, pick-up, and home delivery options.
Since its launch, Ahlan has had over 1,400 vendors on board and a customer base exceeding 200,000. Ahlan has distributed more than $10 million in cashback credit to date.
In addition to Hope Ventures, the investment round saw participation from private sector investors like Al Rajhi Holdings and several angel investors. This influx of capital will fuel Ahlan's expansion plans, aiming to increase its market share and provide users and vendors with a comprehensive platform for various services.
Beyond its consumer-facing features, Ahlan also offers analytics and insights to its listed vendors, empowering them to optimize delivery operations, reduce costs, and enhance overall customer satisfaction.