Rihal raises new round Led by ITHCA Group to Accelerate Regional Expansion and Enterprise SaaS Products>

Rihal, a leader in the region’s technology and data services sector, today announced the successful first close of its Series A funding round, targeting a total raise of $15 million. ITHCA Group led this initial close with an investment of $7.5 million, reaffirming their confidence in Rihal’s strategic direction and exceptional growth trajectory. This significant investment follows a period of remarkable development for Rihal since its seed round in 2021. Rihal has demonstrated an impressive CAGR of 119% since its launch, expanding its operations and making a substantial impact across key industries, including government, logistics, telecom, and oil and gas. Rihal’s growth is powered by a highly skilled team of over 300 professionals, with 80% in technical roles. By building a scalable, tech-driven workforce that’s 90% local and 43% female, Rihal demonstrates both operational efficiency and a forward-looking approach to sustainable talent development, a model that can expand across emerging markets. The new capital will accelerate Rihal’s expansion into regional and international markets, enabling the company to scale its proprietary...Rihal, a leader in the region’s technology and data services sector, today announced the successful first close of its Series A funding round, targeting a total raise of $15 million. ITHCA Group led this initial close with an investment of $7.5 million, reaffirming their confidence in Rihal’s strategic direction and exceptional growth trajectory. This significant investment follows a period of remarkable development for Rihal since its seed round in 2021. Rihal has demonstrated an impressive CAGR of 119% since its launch, expanding its operations and making a substantial impact across key industries, including government, logistics, telecom, and oil and gas. Rihal’s growth is powered by a highly skilled team of over 300 professionals, with 80% in technical roles. By building a scalable, tech-driven workforce that’s 90% local and 43% female, Rihal demonstrates both operational efficiency and a forward-looking approach to sustainable talent development, a model that can expand across emerging markets. The new capital will accelerate Rihal’s expansion into regional and international markets, enabling the company to scale its proprietary...{}