Tech Company Financing Transactions
YallaHub Funding Round
On 7/18/2023, YallaHub raised $6 million in Series A funding from private investors and Regolith.
Transaction Overview
Company Name
Announced On
7/18/2023
Transaction Type
Venture Equity
Amount
$6,000,000
Round
Series A
Investors
private investors (Fedor Ovchinnikov)
Proceeds Purpose
The company intends to use the funds to refine the IT platform for order aggregation and expand the network of partner marketplaces, with plans to accelerate expansion into Saudi Arabia and Qatar in the near future.
Company Information
Company Status
Private & Independent
Industry
ECommerce
Mailing Address
Office 1701, Al Shafar Tower 1, Barsha Heights
Dubai, Undisclosed
UAE
Dubai, Undisclosed
UAE
Phone
Website
Email Address
Overview
YallaHub has already introduced over 80 small, medium and enterprise brands to the UAE market, including the global health food brand Vkusvill. The marketplace aggregator provides its customers a single entry point to the GCC market and is equipped to handle omnichannel sales simultaneously, including 8+ aggregators and marketplaces (Noon, Careem, Amazon, Deliveroo, NowNow), e-commerce platforms and the merchant's own sales channels powered by YallaWeb and Shopify.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Leo Dovbenko
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Where The Data Comes From
We report on funding rounds that are announced publicly. VC investment data records reported here are sourced from a variety of public sources. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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