Souq.com

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

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.

Souq.com was founded in 2005 by Ronaldo Mouchawar & Samih Toukan. The company has its headquarters in Dubai in the United Arab Emirates with commercial offices in Egypt, Saudi Arabia, and Kuwait and technical and development centers in Jordan and India. 

 

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.

 

Souq.com was acquired by Amazon for $580M in Mar 27, 2017 and operates as a subsidiary of Amazon since.

 

 

  • Year founded: 2005
  • Funding Info: $460M in 5 funding rounds(Last funding type:Venture - Series Unknown)- Souq.com was acquired by Amazon for $580M in Mar 27, 2017!
  • Yearly Revenue: $500M-$550M (2017)
  • Employee Size: 1,001-5,000
  • Business Valuation: Acquired for $580M
  • City/Town: Dubai
  • State: Dubai
  • Country: United Arab Emirates
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