What is Syarah's business focus and history?

Syarah is a funded company based in Riyadh, Saudi Arabia, founded in 2015 by Salah Sharef and Fayez Alanazi. It operates as an online marketplace specializing in the sale of new and guaranteed used cars. Syarah has raised significant funding, including a $60 million Series C round in 2024. The company has approximately 858 employees and offers a seamless car buying experience with comprehensive warranties and home delivery services.

Syarah Corporate Details & Core Services

Syarah is a leading e-commerce platform in Saudi Arabia specializing in the online sale of new and guaranteed used cars. The company offers a seamless and reliable car buying experience, including a 10-day trial period, a one-year warranty on used cars, and home delivery services.

Syarah Contact Information & Official Links

Website https://syarah.com
Social        
Email id info@syarah.com
Phone number +966503199155
Head office address Riyadh, Riyadh, Saudi Arabia
Tags e-commerce automotive online marketplace

What are Syarah's Key Business Metrics & Stats?

No of employees 858
Founded year 2015
Type private
SAICS CODE 7374
NAICS Code 511210
Industry Automotive E-commerce
Location Riyadh, Riyadh, Saudi Arabia
Pricing Strategy Cash purchase, Financing options
Syarah Firmographic Snapshot 2026 2015 Founded Year 858 Global Employees Saudi Arabia Headquarters AutomotiveE-commerce Industry Private Type Verified by DexterAgent.ai

How much funding has Syarah raised to date?

Name Description
Funding Amount USD 60 Million
Stage Series C
Latest Valuation 0 (USD)
Lead Investor Artal Capital
Investors Artal Capital, Elm, Impact46, Tawuniya, Derayah Ventures

What are Syarah's Core Products?

Name Description
New Cars A wide selection of new cars available for purchase online with manufacturer warranties.
Used Cars Guaranteed used cars with a 10-day trial period and a one-year warranty.
Car Financing Flexible financing options in partnership with various banks and financing companies.

What are the latest developments at Syarah?

Date Type Description
September, 2024 Funding Syarah raised $60 million in a Series C round led by Artal Capital, with participation from Elm, Impact46, Tawuniya, and Derayah Ventures.

What industry awards and recognitions has Syarah received?

Date Type Description
March, 2021 Award Best Startup Award at the Saudi Web Awards
June, 2021 Recognition Top 50 Startup Award by Forbes Magazine

Syarah VS CarSwitch VS Otospector : 2026 Comparison

Feature Syarah CarSwitch Otospector
Core Strengths New Cars, Used Cars, Car Financing Safe Switch, Self Switch Inspeksi Mobil Bekas, Garansi Mobil Bekas, Layanan Darurat 24 Jam
Founded Year 2015 2016 2016
Stock Name/Ticker
Type private private private
Global Employees 858 120
Revenue (Annual) $75 Million(2025) $100 Million(2025) $(2025)
Headquarters Riyadh, Riyadh, Saudi Arabia Dubai, Dubai, United Arab Emirates Jakarta Utara, DKI Jakarta, Indonesia
Latest Valuation $0 $0  
LATEST REVENUE (TRILLIONS USD) EMPLOYEE COUNT (THOUSANDS) INNOVATORS VISIONARIES DISRUPTORS GIANTS CarSwitch 100 | 120 Competitive Landscape 2026 DexterAgent.ai
Name Description
Legal Name Syarah Ltd.
Cin number
GST number
Registration number 1010538980

Who is in Syarah's executive leadership team?

Name Designation
CEO Salah Sharef
Co-Founder Fayez Alanazi

Where are Syarah's primary office locations?

City Country
Riyadh Saudi Arabia

What are the current business signals and market intelligence for Syarah?

Spending next 3 months Technology enhancements, Market expansion, Customer service improvements
Pain points Limited access to quality used cars, Complex car financing processes, Lack of trust in online car purchases
Sales motion Online direct sales, Partnerships with financing institutions
Buyer Persona Tech-savvy individuals seeking convenient car buying options, Customers looking for reliable used cars with warranties
Type of customer Individual car buyers, Car dealerships
Key customer domain
Annual ACV $20,000 - $30,000

What is Syarah's annual revenue history?

Year Revenue (USD)
2025 75 Million

What are Syarah's risk management and compliance ratings?

GDPR RIsk No
Privacy Risk No
Company Ratings 2.1
Glassdoor Rating

What are Syarah's business model and service classifications?

Saas No
Offline Stores No
Service Yes
Ecommerce Yes
Exporter No
Mobile App Yes
Retail Yes
B2B No
B2C Yes
Manufacturing No
Wholesale No
Importer No
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