Wadi.com has raised $67 million in Series A round of funding led by Al Tayyar Group.
The company said that this investment marks the largest series A funding in the tech history of the Middle East and will further accelerate the growth of the company.
Wadi.com was started in 2015 by the Middle East Internet Group (MEIG), a Joint Venture between German internet platform Rocket Internet and South African telecommunications provider MTN. Wadi.com is currently active in UAE and Saudi Arabia and is expanding soon to more countries.
Wadi.com was founded in 2015 by the Middle East Internet Group (MEIG) as a joint venture between German firm Rocket Internet and MTN, South Africa’s telecommunications provider.
Wadi.com has developed in an impressive way. The funding will enable us to grow further within the region and deliver exceptional service to our customers. We are proud of having raised the largest funding in tech history of the Middle East, said Pratik Gupta, co-founder and Managing Director of Wadi.com.
Wadi offers 150,000 products among 25 categories and 2,000 brands. With over 500 sellers, it provides a wide range of products in consumer electronics, fashion for men, women and children, cosmetics, Fragrances, kitchen appliances, home and décor, toys and much more, featuring brands from around the world.
To find out more, visit www.wadi.com
