Ninja

Riyadh-based quick-commerce company, founded in 2022, that delivers groceries and household essentials from its own dark stores in Saudi Arabia, Bahrain, Qatar and Kuwait. It was valued at $1.5 billion in 2025.

Industry: Quick commerce | Location: Riyadh, Saudi Arabia | Founded: 2022 | Total Funding: USD 250M

About Ninja

Ninja is a Saudi quick-commerce company headquartered in Riyadh. It runs an online supermarket that its website says is open around the clock, selling fresh produce, pantry staples and other groceries through iOS and Android apps in English and Arabic. Orders are filled from dark stores the company operates. At launch it also sold beauty, skincare and pet products, and in 2024 it added restaurant food delivery to its platform.

The company was founded in 2022. Wamda names Saud Al Qahtani and Canberk Donmez as its founders, and Termsheet describes Ebrahim Al-Jassim, who founded the delivery app HungerStation, as a founder as well. Enterprise reported in June 2026 that Donmez previously held executive roles at Delivery Hero. Ninja came out of stealth around late 2022 with dark stores in Riyadh, Jeddah and the Eastern Province and a delivery time of under 25 minutes. Over the twelve months to January 2025 it expanded into Bahrain, Qatar and Kuwait.

In January 2023 Ninja announced a pre-seed round of undisclosed size led by Bunat Ventures, with venture investors from the region and the United States and Saudi family offices taking part. In July 2025 it raised $250 million in a round led by Riyad Capital at a valuation of $1.5 billion, which Wamda said would fund logistics, expansion and preparation for a listing on the Saudi Exchange by 2027.

In November 2025 Al Qahtani told Jawlah that Ninja covered most urban areas of Saudi Arabia, was profitable at operating level in several segments and planned to add pharmacy and beauty categories. In May 2026 Mubasher reported that Citigroup, Goldman Sachs, Riyad Capital and UBS had been lined up for an initial public offering raising close to $1 billion in Riyadh in late 2026 or early 2027, with a private raise as an alternative.

In June 2026 Enterprise, citing the Financial Times, reported that Ninja was weighing a bid for HungerStation, with talks at an early stage. No outcome had been reported in the sources reviewed.

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