Ninja
Saudi quick commerce app delivering groceries and essentials in minutes
Based in Riyadh, founded 2022
The numbers
$1.5bnValuation
$250mTotal raised
2,818Headcount
117.9%Headcount growth
2022Founded
Why it’s on the list
Ninja reached a $1.5 billion valuation within three years of launch, after a $254 million pre-IPO round led by Riyad Capital, and reports operational profitability with nearly $1 billion in annual revenue. It plans to list on the Saudi Exchange and in 2026 made a non-binding offer for Delivery Hero's Saudi business HungerStation.
Funding history
2025Pre-IPO$250m
Backed by
Founders
On Founding MENA
Ninja: Ebrahim Al-Jassim
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