Global software services provider Collatree has secured undisclosed Pre-Series A funding from Saudi Arabian businessmen. This funding will help fast-track its growth in Saudi Arabia.
Seven start-ups from Calicut banded together utilising a Thrasio model when businesses were having trouble during the pandemic and created Collatree.
To help businesses save time and money, Collatree curates the top applications. Collatree has exceeded $1 million in revenues since the arrival of 7 enterprises.
The seven startups that comprise Collatree are Networth Software Solutions, Glaube Technologies, Growth AssociatesZinfog, Capio, Armino Technologies, and Odox.
Though these start-ups were all part of different entrepreneur groups in Calicut, they looked at alternative ways to expand their business and that resulted in Collatree.
Manu Ganga, Co-Founder and Chief Growth Advisor of Collatree said, “Saudi Arabia is aiming to grow its digital and software front by 2030. There has been a lot of support from the government as well, which became the main reason for us to expand to Saudi. As for clientele, while our primary focus has been major corporations and government projects in Saudi, we have also identified some start-ups based out of Saudi.”
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Collatree has two offices in Saudi Arabia, one in Jeddah and one in Riyadh, with a mix of local and global talent. Headed by Director & CEO Rifath Rahman, Manu Nambiar, Kavitha Nair (COO – India) & Musthaq Ahamed (COO – Saudi Arabia) will work in tandem to nurture and grow leads in Saudi Arabia.
The company aims at further expanding its presence across other Middle Eastern countries such as UAE, Bahrain & Kuwait; as well as India and Australia.
