Riyadh – Mubasher: E-commerce marketplace Dokkan Afkar finalised a funding round of SAR 19 million ($5.6 million) led by the Business Incubators and Accelerators Company (BIAC), the startup said in a press release.

Dokkan Afkar, which sells homegrown and innovative gadgets, gizmos and gifts, will use the funding to further grow its business in the Middle East, expanding its product inventory to attract more customers.

“We have learned a lot over the past six years, and have been progressing and moving from one success to another,” Dokkan Afkar’s CEO Ammar Waganah said.

Existing investors including Riyad TAQNIA Fund, the Saudi Venture Capital Company (SVC) also joined the Series B investment funding in the online retail service provider.

Local investors also participated in the funding round, most prominently Mishaal Ali Reza, who invested in the company for the third time in a row and a member of Dokkan Afkar’s board.

“The company now has a fantastic opportunity to expand, and deliver homegrown Saudi brands to a wider audience in the rest of the Arab world, as well as globally,” Mishaal said.