Hulexo, a rapidly growing ERP provider based in Abu Dhabi, has successfully raised seed funding from Arzan VC, marking a significant milestone in its journey to transform retail operations across the Middle East. Founded in 2021 by Huzaifa Hameed, Ibrahim Al Rachdi, and Marwin Favila, Hulexo has quickly established itself as an award-winning solution for small and medium-sized retail stores, offering highly customizable, subscription-based ERP systems. This latest investment will support the company's ambitious expansion plans into Kuwait and Saudi Arabia.

Innovative Solutions for Retail SMEs

Since its inception, Hulexo has been on a mission to address the challenges faced by retailers in managing their operations efficiently. The founders, having firsthand experience with the inefficiencies plaguing the ERP industry, developed a solution that stands out by integrating a robust decision-making engine. This engine processes customer data in real time, enabling retailers to make informed, profitable decisions, thereby reducing stockouts and deadstock. By making operations proactive rather than reactive, Hulexo offers a game-changing approach that has quickly garnered attention in the retail sector.

Expanding Market Presence

With over 100 retail locations already onboarded, including prominent clients like The Giving Movement, Transguard Group, My Vapery, Padel Life, and Nauras Sandals, Hulexo is poised for further growth. The seed funding from Arzan VC will be instrumental in achieving the company's goal of reaching 300 retail locations by the end of 2025. Moreover, this investment will facilitate Hulexo's expansion into new markets, specifically Kuwait and Saudi Arabia, where the company plans to establish strategic partnerships with malls, payment providers, and licensing authorities.

Strategic Partnership with Arzan VC

The involvement of Arzan VC in Hulexo's growth journey highlights the venture capital firm's commitment to supporting early-stage tech startups that demonstrate strong potential. As the fourth investment of Arzan VC Fund III, Hulexo has been recognized for its innovative approach to ERP solutions tailored for retail SMEs. Arzan VC's support is expected to significantly bolster Hulexo's market presence, enabling the company to scale its operations and continue delivering faster, smarter, and more robust solutions to its clients.

Hulexo's recent seed funding marks a pivotal step in its mission to revolutionize retail operations across the Middle East. With the backing of Arzan VC, Hulexo is well-positioned to expand into Kuwait and Saudi Arabia, further cementing its role as a leader in ERP solutions for retail SMEs. As the company continues to innovate and scale, it is set to make a lasting impact on the region's retail landscape, offering transformative solutions that meet the evolving needs of businesses in the Middle East.