image description
image description

Archives


  • 29-02-16

    UAE's Souq.com invests USD 275mn to spread operations

    (MENAFN) Souq.com rose a funding of more than USD 275mn that will help the firm's future growth and support increasing ecommerce in the Middle East.

    Moreover, Souq.com is the main online retail and marketplace platform in the Arab world, featuring more than 1mn products across 31 categories like fashion.

    Additionally, the ecommerce site works both as a retail site and as a marketplace for third party sellers, while it attracts over 45mn visits per month.

    The e-commerce market is increasing fast and is predicted to reach USD 20bn this year, while investors in this stage include New York-based Tiger Global Management.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved