Startup Retailo acquires UAE e-commerce platform DXBUY

RIYADH: Retailo, a startup that allows merchants to purchase their daily needs of merchandise, has acquired UAE B2B e-commerce platform DXBUY. 

DXBUY’s app connects small businesses directly to manufacturers and wholesalers through a digital platform, Forbes reported. 

Retailo was ranked 14th on Forbes’ list of the 50 most funded startups in the Middle East in 2021.

This acquisition is part of the company’s plans to grow and expand in the MENA region.