Archive for the ‘e-commerce’ Category


Screenshot Mohamed Shawky the CEO Luxery Watches e-commerce startup Kanary Watches sent us the following Q&A as a profile for his company, mentioning the current status and achievements of Kanary Watches and his plans to expand into Kanary Gifts in Jan 2015 selling luxury watches, jewelry, bags, perfumes, pens, eyewear and accessories. 1. Describe ...
Screenshot Wysada, the leading luxury online retailer of home goods, décor and interior furnishings in the Middle East, today announced it has completed a Series A investment round of over $5 million. The round was led by Badia Impact Fund, a venture capital fund belonging to Silicon Badia, a global group of venture funds based in New York City and Jordan,...
Screenshot There are a very few Bitcoin ATMs in the United States, and many more worldwide but for the Arab world until recently there has been non. For those who do not know what Bitcoin is, it is a cryptocurrency that is P2P and is not controlled by any central authority. Sergey Yusupov co-founder of umbrellab a bitcoin software company posted on T...
Screenshot Souq.com, the largest e-commerce platform in the Arab region or the Amazon of the Arab world, has secured US$75 million (AED 275.5m) in an additional round of funding from existing investor Naspers Limited. This round of funding brings the total amount raised by Souq.com to US$150 million (AED 551m) - the largest amount raised by any Internet-based...
Screenshot If you open TechCrunch you will read investment news almost everyday, in the Arab world that is not the case, We have many early and seed stage startups but not much VC activities in the region for early and growth stages. So our news today is about  Webedia, a major French Media group editing leading websites such as Purepeole or Puretrends,...
Screenshot E-commerce is booming in the Arab world, as we have many companies and startups running e-commerce businesses. However the leader in that space is souq.com. According to sources for to Arabic tech blog one has, Amazon is currently negotiating an acquisition deal with souq.com. Souq.com started as an auction site like ebay around 2005 and then...
Screenshot Startup Weekend Amman concluded this Saturday with the winners are: DroidPress is an impressive idea, the startup provide a wordpress plugin that enables any wordpress site to have a native android app that is a market of 20 million blogs. The startup plans to add support to other CMS platforms such as Joomla and offer free plan and paid plans a...
Screenshot The technology ecosystem in the Arab world is improving with more M&A deals happening, when Yahoo! Acquired Maktoob, the Jordanian founders of Maktoob launched Jabbar group to invest in e-commerce businesses, while they themselves become angle investors. Like wise cobone and travel website Triperna founder and CEO Paul Kenny become a VC after ...
Screenshot Credit card penetration is very low in Jordan and the Arab world, as such most e-commerce players in the region offer cash on deliver option to buy their products. But to buy from Amazon you need a credit card, CashBasha comes to solve this problem, it promises to enable anyone to shop from Amazon, shipping cost and customs will be added and y...
Screenshot This autumn, L’Oréal Paris launches its first e-commerce platform in the Middle East in partnership with the exclusive online fashion store Mooda.com, where they will make their L’Oréal Paris product line available for customers in the U.A.E. The idea is to offer the total look as beauty plays such a big part in fashion. Online shoppers...
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