Eyewa, a Riyadh-based eyewear retailer, has raised $100 million in a series C funding round led by General Atlantic. The funding will be used to expand the company's regional footprint, enhance its supply chain, and drive innovation in the eyewear sector. Eyewa plans to open 100 new stores by 2025 and establish a production hub in Riyadh. The funding will also support investments in research and development and talent acquisition. Eyewa combines e-commerce with physical stores and aims to make eyewear accessible and affordable to customers across the Gulf Cooperation Council region.
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Original article source: https://www.arabnews.com/node/2580919/business-economy
Source Id: 2024-11-558534096