Tech Company Financing Transactions
Souq Funding Round
Souq secured a $275 million funding round on 3/1/2016. Investors included Tiger Global Management, Baillie Gifford and IFC.
Transaction Overview
Company Name
Announced On
3/1/2016
Transaction Type
Venture Equity
Amount
$275,000,000
Round
Undisclosed
Investors
Tiger Global Management (Lead Investor) (Julian Robertson)
Naspers Ventures (James Barry)
Proceeds Purpose
Souq says that it will use to scale up its business, which (like Amazon) operates a soup-to-nuts marketplace that works with third party retailers, and sells goods directly to consumers.
Company Information
Company Status
Private & Independent
Industry
ECommerce
Mailing Address
Undisclosed
Abu Dhabi, 99999
UAE
Abu Dhabi, 99999
UAE
Phone
Website
Email Address
Not Recorded
Overview
As the largest e-commerce platform in the region, we focus on the value we bring through technology and job creation. We connect people to products through our retail and marketplace model. Through cutting edge technology, we enable our consumers to make smarter choices and access to mobile commerce is further empowering them.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Said Mouchawar
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