News

Flat6Labs Is Seeking The Next Big Levant Region Startups

The program will focus on women, minorities, and internally-displaced entrepreneurs.

Published

2 years ago

March 9, 2023

Nour Nasir

Flat6Labs

Flat6Labs, the MENA venture capital and accelerator, hopes to boost underserved demographics based in Jordan, Lebanon, Iraq, and the Levant region. Announced this week, Flat6Labs’ program will focus on women, minorities, and internally-displaced entrepreneurs.

Open to people aged 18-45, Flat6Labs is searching for entrepreneurs in “education, fintech, financial inclusion, healthcare technology, agriculture, environment, and information and communication technology”.

The program will comprise three main tracks: StartMashreq Academy, the Growth Support Program, and the Incubation program, with the latter featuring interactive sessions, seminars, training courses on specialized topics, and articles from leading regional experts.

Also Read: Nearly All Saudi Gen Z & Millennials Will Be AR Users By 2025

“The Arab world, and the Levant region in particular, has always been full of promising young people with big ambitions. Unfortunately, many of the youth in our region lack access to the tools, resources, and opportunities they need to succeed. Through this initiative, we hope to inspire an entrepreneurial movement and provide the tools and resources necessary to nurture that movement,” says Yehia Houry, Flat6Labs Chief Programs Officer.

For the startup incubation part of the program, four cycles will take place, helping participants to build business plans and growth strategies, along with various mentorship sessions.

News

Rabbit Expands Hyperlocal Delivery Service In Saudi Arabia

The e-commerce startup is aiming to tap into the Kingdom’s underdeveloped e-grocery sector with a tech-first, locally rooted strategy.

Published

3 days ago

April 7, 2025

Nour Nasir

Rabbit

Rabbit, an Egyptian-born hyperlocal e-commerce startup, is expanding into the Saudi Arabian market, setting its sights on delivering 20 million items across major cities by 2026.

The company, founded in 2021, is already operational in the Kingdom, with its regional headquarters now open in Riyadh and an established network of strategically located fulfillment centers — commonly known as “dark stores” — across the capital.

The timing is strategic: Saudi Arabia’s online grocery transactions currently sit at 1.3%, notably behind the UAE (5.3%) and the United States (4.8%). With the Kingdom’s food and grocery market estimated at $60 billion, even a modest increase in online adoption could create a multi-billion-dollar opportunity.

Rabbit also sees a clear alignment between its business goals and Saudi Arabia’s Vision 2030, which aims to boost retail sector innovation, support small and medium-sized enterprises, attract foreign investment, and develop a robust digital economy.

The company’s e-commerce model is based on speed and efficiency. Delivery of anything from groceries and snacks to cosmetics and household staples is promised in 20 minutes or less, facilitated by a tightly optimized logistics system — a crucial component in a sector where profit margins and delivery expectations are razor-thin.

Despite the challenges, Rabbit has already found its stride in Egypt. In just over three years, the app has been used by 1.4 million customers to deliver more than 40 million items. Revenue has surged, growing more than eightfold in the past two years alone.

Also Read: Top E-Commerce Websites In The Middle East In 2025

CEO and Co-Founder Ahmad Yousry commented: “We are delighted to announce Rabbit’s expansion into the Kingdom. We pride ourselves on being a hyperlocal company, bringing our bleeding-edge tech and experience to transform the grocery shopping experience for Saudi households, and delivering the best products – especially local favorites, in just 20 minutes”.

The company’s growth strategy avoids the pitfalls of over-reliance on aggressive discounting. Instead, Rabbit leans on operational efficiency, customer retention, and smart scaling. The approach is paying off, having already attracted major investment from the likes of Lorax Capital Partners, Global Ventures, Raed Ventures, and Beltone Venture Capital, alongside earlier investors such as Global Founders Capital, Goodwater Capital, and Hub71.