Watad - About the company
Watad is an unfunded company based in Saudi Arabia, founded in 2023. It operates as a Digital procurement platform connecting construction companies with verified material suppliers. Watad has not raised any funding yet. The company has 238 active competitors, including 12 funded and 5 that have exited. Its top competitors include companies like Mtandt, TUL and Material Depot.
Company Details
Digital procurement platform connecting construction companies with verified material suppliers. This interface enables users to request quotes, compare pricing, manage purchase orders, and monitor order delivery status from a centralized dashboard. The system facilitates collaboration between site management and back-office teams to prevent administrative delays. Additionally, it provides integrated financing options to support flexible payment terms and improve cash flow management for construction projects. By digitizing the supply chain process, the platform replaces manual procurement methods such as emails and messaging applications. Users can access a network of vetted vendors to source essential materials and streamline operational workflows without complex setups.
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Watad's funding and investors
Watad has not raised any funding rounds yet.
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Watad's Competitors and alternates
Top competitors of Watad include Mtandt, TUL and Material Depot. Here is the list of Top 10 competitors of Watad, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Aerial Work Platforms & Equipment Rentals | Buy or Rent | $11.2M | 66/100 | ||
2nd | Online retailer of construction materials, hardware, and related supplies | $210M | 58/100 | ||
3rd |  Material Depot 2022, Bengaluru (India), Series A | Online platform offering a digital material library for discovering and sourcing materials for home decor and construction projects | $14.1M | 57/100 | |
4th | Provider of procurement platforms for custom construction and building materials | $29.5M | 56/100 | ||
5th | Huws Gray 1990, Llangefni (United Kingdom), Late Stage | Retailer of construction materials | - | 48/100 | |
6th |  BuilditIndia 2021, Ahmedabad (India), Seed | Platform providing construction material procurement, reverse bidding, and embedded finance | $400K | 46/100 | |
7th |  The Build Chain 2020, Doncaster (United Kingdom), Seed | Provider of a platform for construction supply chain and materials procurement | $2.16M | 41/100 | |
8th | Provider of a digital marketplace for construction products and services | $2.12M | 39/100 | ||
9th | B2B marketplace offering multi-category home construction products | $1.09M | 39/100 | ||
10th |  Skrap 2017, London (United Kingdom), Seed | Platform offering on-demand construction hire, waste management, and bulk material supply | $1.57M | 38/100 | |
218th |  Watad 2023, Saudi Arabia, Unfunded | Digital procurement platform connecting construction companies with verified material suppliers | - | - | 16/100 |
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Watad's Investments and acquisitions
Watad has made no investments or acquisitions yet.
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