When was Mazadak founded?

Mazadak was founded in 2013 and raised its 1st funding round 11 years after it was founded.

Where is Mazadak located?

Mazadak is headquartered in Riyadh, Saudi Arabia.

How many employees does Mazadak have?

As of Jun 30, 2026, the latest employee count at Mazadak is 20.

Is Mazadak a funded company?

Mazadak is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Mar 08, 2024.

When was the latest funding round of Mazadak?

Mazadak's latest funding was a $***** Series A round on Mar 08, 2024, with participation from 1 investor.

Where does Mazadak rank among its competitors?

Mazadak ranks 2nd amongst 8 active competitors, of which 2 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Syarah, which secured $60M in Sep, 2024.

Who are the top competitors of Mazadak?

Mazadak's top competitors include Syarah, Markaba and Vehicleand. Among them, Syarah secured the most recent funding round in September, 2024.

Mazadak - 2026 Company Profile, Funding & Competitors

Company Details

App-based platform providing auction-based marketplace for used multi-category vehicles. Users can buy vehicles by providing user details, payment details, and more.

Website: mazadak.com
Social

Key Metrics

Founded Year

2013

Location

Riyadh, Saudi Arabia

Stage

Series A

Total Funding

$10M in 1 round

Latest Funding Round

Series A, Mar 08, 2024, $*****

Investors

Revival Studio & 1 more

Ranked

2^nd among 8 active competitors

Employee Count

20 as on Jun 30, 2026

Similar Companies

ADESA & 154 more

View Mazadak's full profile

Mazadak has raised a total funding of $10M over 1 round. Its latest funding round was a Series A round on Mar 08, 2024 for $*****. 1 investor participated in its latest round. Mazadak has 2 institutional investors.

Here is the list of recent funding rounds of Mazadak:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 08, 2024	3168507	Series A	4943666	9968384	8748239	7535235

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View details of Mazadak's funding rounds and investors

Mazadak's employee count trend

Mazadak has 20 employees as of Jun 26. Here is Mazadak's employee count trend over the years:

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Top competitors of Mazadak include Syarah, Markaba and Vehicleand. Here is the list of Top 10 competitors of Mazadak, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Syarah 2015, Riyadh (Saudi Arabia), Series C	Online retailer of new and used vehicles with financing options	$82.6M	BECO Capital, Impact46 & 10 others	55/100
2nd	Mazadak 2013, Riyadh (Saudi Arabia), Series A	App-based platform providing auction-based marketplace for used multi-category vehicles	$10M	Upturn Ventures, Revival Studio	39/100
3rd	Markaba 2013, Riyadh (Saudi Arabia), Deadpooled	Online classified portal of new & used vehicles	-	-	30/100
4th	Vehicleand 2020, Dammam (Saudi Arabia), Unfunded	Platform facilitating the listing and search of new used vehicles	-	-	24/100
5th	SaudiSale 2009, Riyadh (Saudi Arabia), Unfunded	Online retailer of new and used vehicles for sale	-	-	17/100
6th	CarSudan 2020, Riyadh (Saudi Arabia), Deadpooled	App-based listing platform for used vehicles	-	-	17/100
7th	GCCAUTOS Riyadh (Saudi Arabia), Unfunded	Online platform for listing and discovering new and used automobiles	-	-	16/100
8th	Althawri 2022, Riyadh (Saudi Arabia), Unfunded	Online platform offering vehicle auctions, featuring vehicles provided by site partners in various conditions	-	-	16/100
9th	Mazad By Motory 2021, Riyadh (Saudi Arabia), Unfunded	Online platform facilitating auctions for used and new automobiles	-	-	16/100
10th	Dar Masdoum 2018, Jeddah (Saudi Arabia), Deadpooled	Online automotive classified portal	-	-	15/100