LATEST · SEPTEMBER 2026 Syarah raises $12 million from Impact46THE LONG VIEW OpenSooq, 2008 · Syarah, 2015ON THE ROAD From listings to inspection, reconditioning and delivery

PEOPLE / SALAH SHAREF / THE MARKETPLACE YEARS

Salah Sharef and the distance between a click and a car

After founding OpenSooq, Salah Sharef brought his marketplace experience to Saudi car buying. At Syarah, the journey from classified ads to inspected cars and doorstep delivery has meant taking responsibility for much more than a listing.

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A car can look very convincing on a screen. The paint catches the light. The seats appear untroubled by human occupation. The price sits underneath, as neat and definite as the answer to a school exercise. Then comes the question that a photograph cannot settle: what, exactly, will arrive?

Salah Sharef has built two businesses around bringing buyers and sellers together. The second has carried him further into the transaction. At Syarah, the Saudi company he co-founded with Fayez Alanazi in 2015, customers can choose a car online and have it delivered. Between those two events sits the less photogenic work: inspecting vehicles, reconditioning them, arranging the sale and standing behind the purchase.

There is a small irony in this career. Sharef came from software and online classifieds, businesses associated with removing physical obstacles. His car business has grown by taking on physical tasks. A buyer gets to avoid a showroom because other people have done considerable work elsewhere. Convenience has a backstage, and Syarah has spent years building it.

Before the cars, a market for almost everything

Sharef studied computer science at California State University. His early career included programming and analyst work, followed by Java consulting at Sapphire Technology and COMSYS. The sequence matters because his entry into commerce came through building digital systems. Before he was asking how someone might buy a car remotely, he had worked on the machinery that makes a website function.

In 2008, he founded OpenSooq. It became an Arabic classifieds platform spanning categories such as property, cars, electronics, furniture and jobs. That breadth offered an education in how people describe what they own, how buyers search and how a marketplace becomes useful through participation. Every additional listing gives someone another reason to look; every interested buyer gives a seller another reason to post.

OpenSooq became part of iMENA Group in 2012. Its mobile application launched in October 2013, and a year later it had passed two million downloads. Those milestones belong to the company and its teams, rather than to one founder alone. For Sharef, they form the background to his next decision: he had already helped establish a place where people could find one another online.

Cars were one category within that larger market. At Syarah, they would become the entire assignment. That narrowing brought a different kind of complexity. A general classifieds site can help a person find a seller. A car retailer has to think about the condition of a particular vehicle and what happens after the buyer has paid. The object being sold refuses to remain merely an advertisement.

Syarah co-founders Salah Sharef, left, and Fayez Alanazi, right
Two founders, one very physical shopping problem. Salah Sharef (left) and Fayez Alanazi. Photo: Raed Ventures.

A narrower idea, a heavier responsibility

Syarah began in Saudi Arabia in 2015. Sharef and Alanazi brought together experience in e-commerce and the automotive business. Raed Ventures records its first investment in the company in 2016. The early proposition was familiar to a classifieds founder: bring car dealers and prospective customers into the same digital space, and make searching less laborious.

Elm’s announcement of its Series A+ investment describes that earlier business clearly. Syarah linked dealers with customers and supplied showroom contact details so buyers could reach owners directly. The platform had a website and smartphone application. It gathered offers from car exhibitions and auctions. The transaction still had people and places waiting at the other end of the listing.

By 2019, Syarah had added used-car sales online. This widened the practical obligation considerably. A new vehicle arrives with the reassurance of being new. A used vehicle arrives with a past, and the past rarely volunteers a complete account of itself. Inspection reports, warranties and a return period became part of the proposition. Each gave a buyer something firmer to consider than attractive photography.

In 2020, Syarah Online offered purchases completed remotely, with cars delivered to customers’ doorsteps. The company said it had sold more than 1,800 cars since the previous year and had roughly 300 dealers active on its platform. Sharef’s second marketplace was moving deeper into the sale. A website that once helped arrange a conversation was helping arrange the arrival of a vehicle.

The engineering of reassurance

The interesting part of this change is how ordinary its components sound. An inspection. A report. A warranty. Delivery. None requires an exotic vocabulary. Together, however, they address separate reasons a person might hesitate. What condition is the car in? What happens if something goes wrong? How will I get it home? Can I reconsider once I have driven it?

By the 2024 funding announcement, Syarah’s used-car offer included a detailed 200-point inspection report, a one-year warranty and a 10-day trial with a return policy. Those were the terms described at that stage of the company’s development. Put side by side, they show how much of Sharef’s assignment had moved beyond matching a search query to an advertisement.

The numbers have different jobs. The inspection report makes condition legible. The trial gives the customer time with the actual car. The warranty extends the relationship beyond delivery. A car purchase becomes a sequence of commitments, with obligations attached to each step. The seller’s confidence has to survive the moment the buyer closes the browser.

This is also why a photograph of a workshop can say more about the business than another screenshot. Syarah opened a refurbishment and servicing center in 2023. The work includes preparing used vehicles for resale, a physical expression of the promise made online. Software can display the available inventory; people and facilities must make that inventory ready.

Sharef described an ambition to make Syarah a preferred app for used cars across MENA. The regional aspiration was there, but so was the immediate task in Saudi Arabia. Serving more customers means preparing more individual cars. A national marketplace still has to get the details right one vehicle at a time.

“Our goal is to be the go-to app for used cars in MENA.”Salah Sharef · 2023
THE USED-CAR OFFER · AS DESCRIBED IN 2024

200inspection points

10days to try the car

1year of warranty

What the funding was there to build

In August 2021, Syarah secured a $20 million Series B co-led by Impact46 and Elm. Budget, Vision Ventures and Haraj founder Yousef Al-Rashidi also participated. At the time, the business reported more than 6,000 cars sold online and sales exceeding SAR300 million. The announcement connected fresh capital with a larger offering, better service and plans for expansion.

One operational target was particularly revealing: stock of more than 1,000 used cars that had passed through in-house inspection and reconditioning. Inventory is an unromantic word for a demanding commitment. Cars occupy space. They require attention. Their preparation has to be coordinated with their sale. Growth in this model asks management to keep several clocks running together.

The 2024 Series C brought a further $60 million funding announcement, led by Artal Capital, with Elm, Impact46, Tawuniya and Derayah Ventures participating. It was another stage in a relationship with investors that had developed over years. Sharef’s business now had to answer to customers expecting a dependable purchase and backers expecting the operation to grow.

His own public response placed the team, board, partners and investors in the frame. He thanked people across departments and wrote: “We still have a lot to accomplish ahead.” It is a useful sentence to keep beside a funding announcement. Capital creates capacity for the next phase of work; cars still need preparing, orders still need completing and customers still need answers.

The decision before the announcement

There is another scale on which to measure an entrepreneurial career: the household. In a Bayzat podcast appearance promoted in 2026, Sharef recalled telling his wife that he would leave his job and begin again. The account explicitly included a home, commitments and a life organized around a steady salary. The decision had consequences before it had a company milestone attached to it.

That glimpse gives a more human shape to the years of product changes and investment rounds. A founder’s timeline can make each step appear to follow naturally from the previous one. Living through it requires choosing before the outcome is known. Sharef’s recollection brings the story back to that earlier uncertainty, when a regular salary was a tangible thing to surrender.

His later experience has also become material for other founders. In 2018, he advised entrepreneurs to give fundraising enough time and to approach investors well before cash was needed. The advice fits the long development visible at Syarah: build the business, prepare the information and allow time for the next step. Even a company selling speed and convenience cannot expect every part of its own work to happen instantly.

The next delivery

In September 2026, Syarah raised another $12 million from Impact46. The stated purpose was to expand its reach in Saudi Arabia and develop the digital platform and delivery operations. More than a decade after the company began, the work still joined those two halves: what a buyer can do online and what the company can deliver to the buyer’s location.

The continuity is striking. OpenSooq helped people find things across a broad market. Syarah concentrated that experience on cars, then took on more responsibility for what happened after discovery. Sharef’s career traces the growing distance a digital business can travel into an everyday transaction, from a listing someone reads to an object someone relies upon.

For the customer, the desired ending is pleasantly uneventful. The car arrives. Its condition matches the expectation. The purchase makes sense after the excitement of choosing has passed. Sharef has spent years helping build the arrangements that make such an ending possible. On a screen, a car occupies a small rectangle. Delivering what that rectangle promises is a much larger job.

Follow the road further

Salah Sharef on LinkedIn ↗Salah Sharef on X ↗Explore Syarah ↗Watch the Growfy founder conversation ↗Bayzat’s On the Table conversation ↗September 2026 investment announcement ↗The 2018 founder interview ↗