Darbi App

Darbi App is an early-stage Saudi B2B & B2C startup, founded in 2019 with a valuation of $1.4 million. The app is managed by a team of two full-time founders (aged 35-45) and a staff of up to 12 employees. The founders have over five years of experience in the industry, having previously worked on startups and built projects that secured over $1 million in funding. They have invested over $25,000 in the venture and have been working together for over five years. The company operates on a B2B & B2C model and is in its early growth phase. The product has reached full functionality, and market needs have been validated through competitor analysis. The company is scalable and has a single revenue stream, but it has not yet achieved profitability. The target market size is $500 million or less, with projected revenues of less than $20 million over five years. The projected annual growth rate exceeds 15%, and the market competition consists of a few smaller players. The company boasts superior quality compared to local competitors and relies on high-volume cost reduction as a defensive strategy. The project achieved progressively higher revenues, from $5,000 in the first year to a projected $93,750 in the fifth year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) grew from $5,000 to $18,750 during the same period. The company was valued at $1,431,897.86 (pre-investment) using six different valuation methods. Strengths include a highly experienced founding team, a fully developed, market-ready product, a scalable business model, and a competitive advantage in quality. Challenges include a lack of profitability, the absence of institutional investors or accelerators, low barriers to entry for competitors, and no strategic partners yet engaged.