Q1 2026$612M raised16 deals0 new startups84 open roles

CartlowCertified pre-owned electronics and more

Cartlow was the GCC's leading re-commerce platform before being acquired by Basatne in March 2025. Now operates as Basatne's circular retail brand, offering a subscription-based marketplace for refurbished devices across the Gulf.

FROM THE EDITOR'S DESK

Re-commerce — selling refurbished and returned goods — is a massive global opportunity barely tapped in the Gulf. Consumer electronics returns alone represent billions in value typically liquidated at pennies on the dollar. Cartlow's $20 million in funding and acquisition by Basatne in March 2025 suggest the model worked well enough to attract a strategic buyer.

The Basatne acquisition was likely driven by supply chain relationships — sourcing and grading returned goods requires operational expertise and supplier trust that's hard to build from scratch. That supply-side infrastructure is the real asset, not the consumer-facing marketplace.

TEAM

SNAPSHOT

Founded2017
Total Raised$20M
CategoryE-commerce
StatusActive
Team Size51-100
LocationDubai, Dubai Internet City

ACTIVITY TIMELINE

Jan 2023Raised $10M total funding
Jan 2022Expanded to Saudi Arabia market
Jan 2021Launched certified refurbishment program
Jan 2017Pioneered re-commerce in MENA region

FUNDING HISTORY

Jan 2022
Series A$18M
AlSulaiman Group

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