With new seed funding from Arzan VC, Hulexo plans to expand its innovative ERP solutions across the Middle East, targeting growth in Kuwait and Saudi Arabia and forging key partnerships in the retail sector.
Abu Dhabi-based ERP provider Hulexo has raised seed investment from Arzan VC. This investment will help the team reach 300 retail locations by the end of 2025. It will also facilitate Hulexo’s expansion into Kuwait and Saudi Arabia and set up partnerships with malls, payment providers, and licensing authorities.
Hulexo is an ERP provider for small and medium-sized retail stores. It was founded in 2021 by Ibrahim Al Rachdi, Marwin Favila, and Huzaifa Hameed. The company has onboarded over 100 retail locations. Hulexo has clients such as Padel Life, The Giving Moment, Nauras Sandals, Transguard Group, and My Vapery.
Huzaifa Hameed, Hulexo’s Cofounder and CEO, commented, “We are excited to have Arzan VC as a key partner in our journey to scale further into the Middle East market. This partnership will be crucial in our efforts to keep innovating and delivering faster, smarter and robust solutions for retailers in UAE and beyond.”
The platform uses decision-making engines to process customer data and suggest profitable decisions in real time, reducing stockouts and deadstock while making operations and decision-making processes proactive.
Hasan J. Zainal, Arzan VC’s Founder and Managing Partner, commented, “Traditional ERP systems are often costly for SMEs, with over 75% of implementations failing. This is why we at Arzan VC see Hulexo as a game-changer for regional retail SMEs. We invested in Hulexo to support their MRR growth and expansion into Kuwait. Plus, we genuinely believe in the strength of their team.”
