Dubai-based recommerce platform Cartlow has raised $2 million in a Pre-Series A round, it announced today. The investment came from Arzan VC, Vision Ventures, OTF Jasoor Ventures, and some other investors.
Founded by Mohammed Sleiman and launched in 2019, Cartlow sells pre-owned, refurbished, open-box, and clearance products across different categories including mobile phones, laptops, watches, and TVs, on its online platform in the United Arab Emirates and Saudi Arabia.
Cartlow procures the products that are slow-moving, returned, pre-owned, or open-box from different partners in bulk at low-cost and sells them on its website and mobile app at bargain prices after their grading, testing, certification, and restoration (to what it says is original condition). Most of the products it sells come with a warranty 3 to 12-month warranty (from Cartlow itself).
The products listed on the platform are clearly labeled with grades for the users to easily browse through them and know the condition without even having to see the details on the product page. According to the information available on its website, Cartlow startup ships products all over the United Arab Emirates and Saudi in 1 to 3 days for a fixed fee.
Cartlow today has also announced that it is launching a suite of recommerce services for retailers, brands, and distributors which will be offered by its sister company Vascart. The B2B services that it is starting with include buyback solutions, liquidation solutions, warranty repairs, extended warranty program, refurbishing, and quality control.
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