Company Overview

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Founded:
2005
Founders:
Ronaldo Mouchawar
Headquarters:
Dubai
Funding:
$115M
Categories:
E-Commerce, Internet, Auctions, See All (5)

Souq.com is an e-commerce store in the Arab world, offering products such as consumer electronics, fashion products, and household goods.

Description

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Souq.com is the largest e-commerce site in the Arab world, featuring more than 400,000 products across categories such as consumer electronics, fashion, household goods, watches or perfumes. Today Souq.com attracts over 23 million visits per month and is fast growing as more consumers shop online in the Arab world.

Often tagged as the “Amazon of the Middle East”, Souq.com operates both as a retail site and as a marketplace for third party sellers. It offers a convenient and safe online shopping experience with online payments, option to pay cash on delivery and free returns.

Established in 2005, Souq.com pioneered online shopping in the region as an auction site linked to the Arab internet portal Maktoob. When Yahoo! acquired Maktoob in August 2009, Souq.com was not included in the sale and was spun off as part of Jabbar Internet Group. The site then switched to a marketplace with a fixed price model in early 2011,... See More

Current Team (3)

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Investments (1)

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Acquisitions (1)

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Funding Rounds (2) - $115M

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Investors (2)

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  • E22dde606df0ba1ec673cf9e4dd2f98d

    Naspers

    Naspers is a multinational media company that services the electronic and print media sectors.
  • 0989a253d13ffc2ab25b3bb1a3dd4b70

    Tiger Global Ltd

    Tiger Global Ltd

Offices/Locations (6)

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  • Technology Center

    Bangalore City,

    IND

  • Technology Center

    `amman,

    JOR

  • Kuwait Commercial office

    Kuwait City,

    KWT

  • Egypt Commercial Office

    Cairo,

    EGY

  • KSA Commercial Office

    Riyadh,

    SAU

  • Headquarters

    Dubai Internet city

    Dubai,

    ARE

Images (1)

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  • F12790348e6c8a83f4f20e9570ceb38a