Yemeni Social Rating Site Ras2ras.com Acquired by an Investor from Qatar
Ras2ras.com, a social rating platform from Yemen was acquired by an investor from Qatar for an undisclosed amount. Ras2ras.com, which was founded by Amad Almsaodi in 2008, is built around a very simple yet really interesting idea: putting any two comparable things against each other, and letting people vote on which they like best.
In a press release sent to ArabCrunch the Investor, Ahmad Alaji, said: “We see huge opportunities in what Ras2ras.com offers; it’s innovative, unique, and it adds value to the consumers. We were first interested in using the platform for advertising, and as we learned more about the technology and the company operations we saw a very interesting opportunity and lots of room for growth and profit.”
Amad Almsaodi who spoke on ArabCrunchStart event in Seattle in Washington, USA said, “We are excited about the new possibilities that are awaiting Ras2ras.com. Our team is currently focused on AqarMap.com: An Innovative Real Estate Marketplace for the Middle East; so the timing of this acquisition was perfect for both parties.”