Hulexo, an Abu Dhabi-based ERP solution provider for retail businesses, has secured seed investment from Arzan VC. Founded in 2021, Hulexo aims to help retailers streamline operations with custom, subscription-based ERP systems. This new investment is part of Arzan VC’s Fund III and marks its fourth investment. Hulexo plans to utilize the funds to expand its reach to 300 retail locations by the end of 2025 and venture into new markets like Kuwait and Saudi Arabia. Since its inception, Hulexo has onboarded over 100 retail locations, including prominent UAE brands such as The Giving Movement, Transguard Group, and My Vapery. The company’s decision engine aims to make retail operations more proactive by processing customer data and suggesting profitable decisions in real-time. Founders Huzaifa Hameed, Ibrahim Al Rachdi, and Marwin Favila see this partnership as critical for further innovations in retail ERP solutions.
Retail Technology, Venture Capital, Enterprise Resource Planning (ERP),United Arab Emirates, Kuwait, Saudi Arabia
https://www.zawya.com/en/press-release/companies-news/hulexo-raises-seed-investment-from-arzan-vc-to-revolutionize-retail-erp-solutions-tpsl0xtx