Pin It

MENA Startups Getting Funded: Wadi.com Secures US$67 Million Funding

April 8, 2016 3:20 pm

20160317094951-Wadifounders

Amid concerns of the logistics framework and digital payment systems surrounding e-commerce in the Middle East, the sector has received a shot in the arm with the ecosystem seeing back-to-back investments of substantial value in this arena. While the seasoned Souq.com secured funding of over AED1 billion in February (perhaps the largest for an e-retail portal in the region), the same month saw e-commerce portal Wadi.com raise US$67 million in Series A funding from Al Tayyar Travel Group Holdings and existing investors Middle East Internet Group (the Middle Eastern leg of Rocket Internet), just 10 months after its launch.

For more, click here.

Comments

comments

1 Comment

Leave a Reply