SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMCNet:  Souq.com raises $75m funding [Khaleej Times (United Arab Emirates)]

[March 25, 2014]

Souq.com raises $75m funding [Khaleej Times (United Arab Emirates)]

(Khaleej Times (United Arab Emirates) Via Acquire Media NewsEdge) Souq.com, e-commerce platform in the Mena region, has secured $75 million (Dh275.5 million) in an additional round of funding from existing investor Naspers.

This round of funding brings the total amount raised by Souq.com to $150 million (Dh551 million) – the largest amount raised by any Internet-based business in the region. Building on its pioneering reputation in the ecommerce space in the Mena region, and with a strong supply chain and fulfillment system, Souq.com has grown more than 10-fold in the past two years.


(c) 2014 Khaleej Times. All Rights Reserved. Provided by Syndigate.info, an Albawaba.com company

[ Back To Technology News's Homepage ]

OTHER NEWS PROVIDERS







Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved | Privacy Policy