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Ninja

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uuid000045n

Namestring
Ninja
Legal namestring
Ninja
Websiteurl
ananinja.com
Company typeenum
Private
Founded yearint
2022
Descriptiontext

Ninja is a Riyadh-headquartered quick-commerce marketplace founded in 2022 that operates across Saudi Arabia, Bahrain, Kuwait, and Qatar. The platform enables consumers to order groceries, fresh produce, baby care products, beauty and personal care items, household essentials, snacks, and electronics for delivery through its website (ananinja.com) and mobile app. Ninja's primary customer segment is the general consumer in the GCC, with a horizontal segmentation approach across daily-needs categories rather than vertical specialization.

The company's core technology is a quick-commerce logistics platform backed by dark-store operations that enable 24-hour fulfillment across major Saudi cities and select GCC markets. Ninja functions as a digital marketplace aggregating third-party brand products across multiple consumer categories rather than selling proprietary goods; pricing is set per SKU at the unit level and no subscription or membership tiers are disclosed. The platform runs promotional campaigns including weekly offers, Eid and home-essentials seasonal promotions, and category-specific marketing across both Arabic and English content.

Ninja generates revenue from direct consumer transactions on the platform, operating a pay-as-you-go model with no disclosed enterprise or B2B contracts. The company reported approximately $1 billion in revenue in 2025 (one source qualifies this figure as likely GMV rather than net revenue) and is targeting $1.6 billion in 2026, having reached operational profitability alongside its unicorn status achieved via a $250 million funding round led by Riyad Capital in 2025. Go-to-market is direct-to-consumer through the proprietary platform, with no third-party distribution channels disclosed.

Short descriptiontext

Ninja is a Riyadh-headquartered quick-commerce marketplace operating across Saudi Arabia, Bahrain, Kuwait, and Qatar, offering 24-hour delivery of groceries, baby products, beauty, electronics, and household essentials via a dark-store-enabled platform and mobile app.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersRiyadh, Saudi Arabia
HQ citystring
Riyadh
HQ countrystring
Saudi Arabia
HQ regionstring
Middle East
Markets served

Serves global market

Offices4 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
quick commerce delivery, online grocery marketplace, dark store operations, retail delivery platform, on-demand essentials
Industry3 codes
1Quick Commerce (15–60 min Convenience Delivery)
CodeCRAHAIABPrimaryYes
2Quick-Commerce (Rapid Convenience / Dark Stores)
CodeTLAAAHADPrimaryNo
3Grocery, Food & Essentials Commerce Platforms
CodeBPAMAGAFPrimaryNo
NAICS code1 code
  • Sporting Goods, Hobby, Musical Instrument, Book, and Miscellaneous Retailers459
SIC code1 code
  • Retail-Convenience Stores5412
Product category
Quick Commerce Delivery
Social media profiles2 records
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model1 record
1Quick Commerce Transaction Revenue
TypeTransaction Fee
Description

Revenue generated from direct consumer sales through the Ninja platform, encompassing grocery, baby care, beauty, personal care, electronics, and household product categories. The company reported approximately $1 billion in revenue in 2025 with a target of $1.6 billion for 2026.

startupbahrain.com
Marketing channels1 record

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales
Pricing details1 tier
1Variable product pricing based on brand and item type
ModelUnit PricingBilling cadencePay-as-you-go
Notes

Products are priced individually based on brand, size, and category. Examples include baby formula ranging from SAR 44.95 to SAR 178.95, diapers from SAR 19.95 to SAR 248.95, and electronics from SAR 71.95 to SAR 1,054.00. No subscription or membership tiers disclosed.

ananinja.com
GTM typeB2C
B2C
Offering typeDigital Commerce or Conte…
Digital Commerce or Content
Core offering1 text field

Ninja operates a quick-commerce (q-commerce) platform providing 24-hour on-demand delivery of groceries, fresh produce, baby care, beauty, personal care, electronics, household essentials, snacks, and health products to consumers in Saudi Arabia, Bahrain, Kuwait, and Qatar. The platform connects consumers to third-party brand products across these categories and fulfills orders through a network of dark stores and rapid-delivery logistics, accessible via its website (ananinja.com) and mobile app.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • Achieved unicorn status with $1.5 billion valuation
+2 more records
Product overview1 text field

Ninja operates as a quick commerce (q-commerce) delivery platform providing 24-hour on-demand delivery across Saudi Arabia and select GCC markets (Bahrain, Kuwait, Qatar). The platform functions as a digital marketplace aggregating a broad range of consumer categories — groceries and fresh produce, baby care products (infant formula, diapers, toiletries), beauty and personal care (makeup, perfumes, skincare, feminine care, men's care), household essentials, electronics, snacks, and health nutrition — delivered through dark-store and rapid-delivery logistics. The core offering is the Ninja quick commerce platform (website and app), which connects consumers to third-party brand products across these categories rather than a proprietary product line.

Product and service1 record
1Ninja Quick Commerce Platform
CategoryQuick Commerce Marketplace
Description

A quick-commerce (q-commerce) and grocery delivery platform operating 24/7 across Saudi Arabia and select GCC markets, offering on-demand delivery of groceries, fresh produce, baby care, beauty, personal care, electronics, household essentials, snacks, and more. The platform aggregates third-party brand products across consumer categories and fulfills orders via dark-store and rapid-delivery logistics through its website and mobile app.

Scale indicator7 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeOthers
Description

Ninja has emerged as one of the top bidders for Delivery Hero's HungerStation assets in Saudi Arabia, with additional interest in Talabat stakes. The assets could be valued at around €10 billion. This potential deal could bring significant transformation to Saudi Arabia's delivery and quick-commerce market. Ninja is reportedly working with several investment banks to complete the potential transaction.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Saudi-based on-demand delivery platform for food, groceries, and retail items. Direct competitor in Saudi quick commerce and last-mile delivery.

TypeDirect peer
Description

Operates restaurant and grocery delivery across all GCC markets including Saudi Arabia, with similar dark-store and quick-commerce capabilities. Direct regional competitor and the dominant food delivery player Ninja is positioning against.

TypeDirect peer
Description

Saudi Arabia's leading food and grocery delivery platform owned by Delivery Hero, with dark-store based quick commerce. Ninja's potential acquisition target and most direct head-to-head competitor in Saudi Arabia.

TypeDirect peer
Description

Saudi-listed food and grocery delivery platform operating dark stores for quick commerce. Directly competes with Ninja in Saudi Arabia and is reportedly also a bidder for Delivery Hero's regional assets.

TypeDirect peer
Description

UAE-born super-app operating food, grocery, and quick-commerce delivery across the GCC, including Saudi Arabia. Competes with Ninja on grocery delivery, dark-store operations, and consumer mindshare.

TypeBroad incumbent
Description

Middle East e-commerce marketplace with growing quick-commerce and grocery delivery operations backed by Saudi PIF. Overlaps with Ninja in consumer goods and increasingly in rapid delivery.

TypeEmerging player
Description

Turkish-origin quick-commerce pioneer operating dark stores globally. Comparable business model and category, though has retrenched from several markets; provides a useful benchmark for global q-commerce economics.

TypeEmerging player
Description

European quick-commerce operator with dark-store led 10-minute grocery delivery. Comparable operating model and category, useful for cross-checking unit-economics benchmarks for Ninja.

TypeRegional player
Description

Saudi-based last-mile delivery and quick-commerce platform competing with Ninja in the Saudi market. Comparable dark-store model and product breadth, though more regionally focused on KSA.

TypeBroad incumbent
Description

Global e-commerce and quick-commerce incumbent expanding rapid-delivery grocery capabilities into the Middle East. Represents a long-term competitive threat on assortment, logistics, and pricing.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds2 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors5 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Ninja

Quick Commerce Deliveryananinja.com

Ninja is a Riyadh-headquartered quick-commerce marketplace operating across Saudi Arabia, Bahrain, Kuwait, and Qatar, offering 24-hour delivery of groceries, baby products, beauty, electronics, and household essentials via a dark-store-enabled platform and mobile app.

What Ninja does

Ninja is a Riyadh-headquartered quick-commerce marketplace founded in 2022 that operates across Saudi Arabia, Bahrain, Kuwait, and Qatar. The platform enables consumers to order groceries, fresh produce, baby care products, beauty and personal care items, household essentials, snacks, and electronics for delivery through its website (ananinja.com) and mobile app. Ninja's primary customer segment is the general consumer in the GCC, with a horizontal segmentation approach across daily-needs categories rather than vertical specialization.

The company's core technology is a quick-commerce logistics platform backed by dark-store operations that enable 24-hour fulfillment across major Saudi cities and select GCC markets. Ninja functions as a digital marketplace aggregating third-party brand products across multiple consumer categories rather than selling proprietary goods; pricing is set per SKU at the unit level and no subscription or membership tiers are disclosed. The platform runs promotional campaigns including weekly offers, Eid and home-essentials seasonal promotions, and category-specific marketing across both Arabic and English content.

Ninja generates revenue from direct consumer transactions on the platform, operating a pay-as-you-go model with no disclosed enterprise or B2B contracts. The company reported approximately $1 billion in revenue in 2025 (one source qualifies this figure as likely GMV rather than net revenue) and is targeting $1.6 billion in 2026, having reached operational profitability alongside its unicorn status achieved via a $250 million funding round led by Riyad Capital in 2025. Go-to-market is direct-to-consumer through the proprietary platform, with no third-party distribution channels disclosed.

Ninja firmographics

Firmographics
Name
Ninja
Legal name
Ninja
Website
https://ananinja.com
Company type
Private
Founded year
2022
Operating status
Operating
Headcount range
101–250 employees
Short description
Ninja is a Riyadh-headquartered quick-commerce marketplace operating across Saudi Arabia, Bahrain, Kuwait, and Qatar, offering 24-hour delivery of groceries, baby products, beauty, electronics, and household essentials via a dark-store-enabled platform and mobile app.
Ownership category
akta.pro rank

Ninja industry classification

Industry
Product category
Quick Commerce Delivery
NAICS
Sporting Goods, Hobby, Musical Instrument, Book, and Miscellaneous Retailers (459)
SIC
Retail-Convenience Stores (5412)
akta.pro primary industry
Quick Commerce (15–60 min Convenience Delivery) (CRAHAIAB)
akta.pro secondary industries
Quick-Commerce (Rapid Convenience / Dark Stores) (TLAAAHAD), Grocery, Food & Essentials Commerce Platforms (BPAMAGAF)

Keywords

  • Quick commerce delivery
  • Online grocery marketplace
  • Dark store operations
  • Retail delivery platform
  • On-demand essentials

Where Ninja is headquartered

Location

Headquarters

HQ city
Riyadh
HQ country
Saudi Arabia
HQ region
Middle East

Offices4 records

Markets served

Ninja business model

Business model
GTM type
B2C
Offering type
Digital Commerce or Content
Cost components
Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

  1. Quick Commerce Transaction Revenue: Revenue generated from direct consumer sales through the Ninja platform, encompassing grocery, baby care, beauty, personal care, electronics, and household product categories. The company reported approximately $1 billion in revenue in 2025 with a target of $1.6 billion for 2026.

Pricing tiers

ModelBillingPrice
Unit PricingPay-as-you-goVariable product pricing based on brand and item type

Go-to-market motion2 records

Distribution channels1 record

Marketing channels1 record

Ninja product offering

Product offering

Core offering

Ninja operates a quick-commerce (q-commerce) platform providing 24-hour on-demand delivery of groceries, fresh produce, baby care, beauty, personal care, electronics, household essentials, snacks, and health products to consumers in Saudi Arabia, Bahrain, Kuwait, and Qatar. The platform connects consumers to third-party brand products across these categories and fulfills orders through a network of dark stores and rapid-delivery logistics, accessible via its website (ananinja.com) and mobile app.

Product overview

Ninja operates as a quick commerce (q-commerce) delivery platform providing 24-hour on-demand delivery across Saudi Arabia and select GCC markets (Bahrain, Kuwait, Qatar). The platform functions as a digital marketplace aggregating a broad range of consumer categories — groceries and fresh produce, baby care products (infant formula, diapers, toiletries), beauty and personal care (makeup, perfumes, skincare, feminine care, men's care), household essentials, electronics, snacks, and health nutrition — delivered through dark-store and rapid-delivery logistics. The core offering is the Ninja quick commerce platform (website and app), which connects consumers to third-party brand products across these categories rather than a proprietary product line.

Differentiator

Problem solved

Functional benefit

Products and services

  • Ninja Quick Commerce Platform A quick-commerce (q-commerce) and grocery delivery platform operating 24/7 across Saudi Arabia and select GCC markets, offering on-demand delivery of groceries, fresh produce, baby care, beauty, personal care, electronics, household essentials, snacks, and more. The platform aggregates third-party brand products across consumer categories and fulfills orders via dark-store and rapid-delivery logistics through its website and mobile app.

Quantifiable outcome

  • Achieved unicorn status with $1.5 billion valuation
  • +2 more outcomes

Companies that use Ninja

Customer profile

Segments1 record

Ideal customer profiles1 record

Ninja technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

Ninja partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Delivery Hero (HungerStation Acquisition Target)coreOthersNinja has emerged as one of the top bidders for Delivery Hero's HungerStation assets in Saudi Arabia, with additional interest in Talabat stakes. The assets could be valued at around €10 billion. This potential deal could bring significant transformation to Saudi Arabia's delivery and quick-commerce market. Ninja is reportedly working with several investment banks to complete the potential transaction.

Scale indicators7 records

Recent moves5 records

Expansion highlights5 records

Ninja competitors and assessment

Company assessment

Direct peers

  • Mrsool: Saudi-based on-demand delivery platform for food, groceries, and retail items. Direct competitor in Saudi quick commerce and last-mile delivery.
  • Talabat: Operates restaurant and grocery delivery across all GCC markets including Saudi Arabia, with similar dark-store and quick-commerce capabilities. Direct regional competitor and the dominant food delivery player Ninja is positioning against.
  • HungerStation: Saudi Arabia's leading food and grocery delivery platform owned by Delivery Hero, with dark-store based quick commerce. Ninja's potential acquisition target and most direct head-to-head competitor in Saudi Arabia.
  • Jahez: Saudi-listed food and grocery delivery platform operating dark stores for quick commerce. Directly competes with Ninja in Saudi Arabia and is reportedly also a bidder for Delivery Hero's regional assets.
  • Careem (Delivery Hero / Uber-owned): UAE-born super-app operating food, grocery, and quick-commerce delivery across the GCC, including Saudi Arabia. Competes with Ninja on grocery delivery, dark-store operations, and consumer mindshare.

Broad incumbents

  • Noon: Middle East e-commerce marketplace with growing quick-commerce and grocery delivery operations backed by Saudi PIF. Overlaps with Ninja in consumer goods and increasingly in rapid delivery.
  • Amazon (Amazon Now / Amazon Fresh MENA): Global e-commerce and quick-commerce incumbent expanding rapid-delivery grocery capabilities into the Middle East. Represents a long-term competitive threat on assortment, logistics, and pricing.

Emerging players

  • Getir: Turkish-origin quick-commerce pioneer operating dark stores globally. Comparable business model and category, though has retrenched from several markets; provides a useful benchmark for global q-commerce economics.
  • Flink: European quick-commerce operator with dark-store led 10-minute grocery delivery. Comparable operating model and category, useful for cross-checking unit-economics benchmarks for Ninja.

Regional players

  • ToYou: Saudi-based last-mile delivery and quick-commerce platform competing with Ninja in the Saudi market. Comparable dark-store model and product breadth, though more regionally focused on KSA.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Ninja social profiles

Digital presence

Ninja financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Ninja leadership team

Management profile

Number of profiles

Ninja funding detail

Funding detail

Funding overview

Funding rounds2 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Ninja M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ninja

What does Ninja do?

Ninja operates a quick-commerce (q-commerce) platform providing 24-hour on-demand delivery of groceries, fresh produce, baby care, beauty, personal care, electronics, household essentials, snacks, and health products to consumers in Saudi Arabia, Bahrain, Kuwait, and Qatar. The platform connects consumers to third-party brand products across these categories and fulfills orders through a network of dark stores and rapid-delivery logistics, accessible via its website (ananinja.com) and mobile app.

Is Ninja a public or private company?

Ninja is a private company. It is classified as venture growth investor backed and is currently operating.

When was Ninja founded?

Ninja was founded in 2022. It employs 101 to 250 people.

Where is Ninja based?

Ninja is headquartered in Riyadh, Saudi Arabia, in the Middle East region.

How does Ninja make money?

One revenue line is on record: quick Commerce Transaction Revenue.

Who are Ninja's main competitors?

Direct peers on record are Mrsool, Talabat, HungerStation, Jahez and Careem (Delivery Hero / Uber-owned). Broad incumbents are Noon and Amazon (Amazon Now / Amazon Fresh MENA). Emerging players are Getir and Flink. ToYou is listed as a regional player.

Does Ninja have an API?

No public API is recorded for Ninja.

What industry is Ninja in?

Ninja's product category is Quick Commerce Delivery. Its primary akta.pro industry code is CRAHAIAB, Quick Commerce (15–60 min Convenience Delivery), with a secondary code of TLAAAHAD, Quick-Commerce (Rapid Convenience / Dark Stores). Its NAICS code is 459 and its SIC code is 5412.

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Live signals
EnterpriseamGulf stock exchanges are growing in importance, but they’re still a long way from becoming capital market hubs -FitchFitch Ratings said Gulf stock exchanges are growing but remain too concentrated and thin to be full capital market hubs. Combined GCC market cap is about $4 trillion, with five companies holding 60% of ADX and Aramco 65% of Saudi exchange. Most GCC debt lists offshore, with London listing over half of global USD sukuk.EnterpriseamGulf stock exchanges are growing in importance, but they’re still a long way from becoming capital market hubs -FitchFitch Ratings said Gulf stock exchanges are becoming an alternative to bank lending but remain too concentrated and thin to be full capital market hubs. The region's combined market cap is about $4 trillion, with five companies accounting for 60% of the ADX and Aramco 65% of the Saudi exchange. Fitch expects a recovery later this year and into 2027.FwdstartNinja hires Goldman Sachs, Citi, UBS and Riyad Capital to advise on potential Delivery Hero asset bidNinja, a Saudi quick-commerce unicorn, is working with Goldman Sachs, Citigroup, UBS and Riyad Capital as advisers on a potential acquisition of HungerStation and parts of Talabat in Saudi Arabia and the UAE, according to a source. Ninja has submitted an indicative offer for HungerStation and expressed interest in Talabat, with a proposal to Delivery Hero's board possible imminently. The move complicates Uber's €10 billion takeover bid.ArgaamNinja–HungerStation deal may reshape Saudi delivery market: AnalystsSaudi quick-commerce startup Ninja has emerged as one of the top bidders for Delivery Hero's HungerStation assets in Saudi Arabia, with additional interest in Talabat stakes, as the assets could be valued at around €10 billion. Analysts indicate the potential deal could bring significant transformation to Saudi Arabia's delivery and quick-commerce market, offering growth opportunities while presenting challenges in financing, operational integration, and regulatory approvals. Ninja is reportedly working with several investment banks to complete the potential transaction.Verdict Food ServiceNinja weighs move for Delivery Hero’s assets in Middle EastNinja is exploring a bid for Delivery Hero's Saudi operation HungerStation and a partnership for Dubai's Talabat, potentially challenging Uber's takeover. The Saudi unit, valued at $1.5bn, is seen as easier to integrate. Talks are early, and Ninja may not proceed.EnterpriseamNinja mulls bid for Delivery Hero’s Middle East portfolioNinja is reportedly considering a bid for parts of Delivery Hero's Middle East portfolio, including HungerStation and a joint stake in Talabat. The Middle East portfolio could fetch around EUR 10 billion, with Talabat's 80% stake valued over EUR 9 billion. Ninja may prioritize HungerStation first, with a proposal potentially coming this week.ZawyaArabian Dyar shelves Tadawul IPO plans for now amid weak market sentimentArabian Dyar has shelved its Tadawul IPO plans for now, citing weak market sentiment that continues to weigh on investor appetite for new listings. The company had targeted a SAR 16 billion valuation for the listing.TechStartupsUber’s Delivery Hero takeover faces new threat as Saudi unicorn Ninja eyes HungerStationNinja, a Saudi quick-commerce unicorn founded by HungerStation's former founder, is reportedly considering a bid for parts of Delivery Hero's Middle East business, including HungerStation. Uber has raised its stake to about 37% after a rejected €10 billion offer, but competing bids could complicate its acquisition plans.EntarabiSaudi Arabia’s Ninja Considers Acquisition of Delivery Hero’s Middle East AssetsSaudi quick-commerce company Ninja is considering acquiring some of Delivery Hero's Middle East assets, including HungerStation and potentially parts of Talabat. The move could complicate Uber's acquisition plans, with estimates valuing the assets at over €17 billion. Discussions remain early, and Ninja may not proceed.FwdstartSaudi unicorn Ninja weighs bid for Delivery Hero's Middle East assets as HungerStation founder eyes returnSaudi unicorn Ninja is considering a bid for parts of Delivery Hero's Middle East business, including HungerStation and potentially a stake in Talabat. The company, valued at $1.5 billion last year, would initially target HungerStation for easier integration. A proposal could come as early as this week, though talks are at an early stage.