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Souq

Souq
2005 FOUNDED
M&A STATUS
1K-5K EMPLOYEES
M&A LATEST DEAL TYPE
$650M LATEST DEAL AMOUNT
Description

Provider of an online marketplace intended to connect people with products. The company's marketplace offer numerous products including bracelets, backpacks, toys, and other everyday essentials, enabling customers to purchase for all their requirements from a single marketplace.

Website
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Primary Industry
Internet Retail
Other Industries
Information Services (B2C)
Application Software
Parent Company
Primary Office
  • Dubai Internet city
  • Thuraya 2 Tower, Office 1902
  • Dubai United Arab Emirates

+971 04 000 0000
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Souq Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Merger/Acquisition 03-Jul-2017 $650M 00000 00000 Completed Profitable
5. Later Stage VC 29-Feb-2016 00000 00000 00.000 Completed Generating Revenue
4. Later Stage VC 01-Apr-2015 00000 00000 000 Completed Generating Revenue
3. Corporate 24-Mar-2014 000.00 00000 00000 Completed Generating Revenue
2. Corporate 01-Jun-2013 $27.3M $67.3M 00000 Completed Generating Revenue
1. Later Stage VC 29-Oct-2012 $40M $40M Completed Generating Revenue
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Souq Competitors (7)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Jumia Venture Capital-Backed Yaba, Nigeria 0000 00000 0000000000 0 00000
0000.000 Venture Capital-Backed Dubai, United Arab Emirates 000 000.00 00000000000 000.00
0000 Corporate Backed or Acquired Dubai, United Arab Emirates 00 0000 00000000000 0000
000000000 Venture Capital-Backed Dubai, United Arab Emirates 00 000 0000000000 0 000
0000.000 Corporate Backed or Acquired Dubai, United Arab Emirates 0000000000 0
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Souq Investments & Acquisitions (5)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
0000 (00000000000) 06-Sep-2017 000000000000000000 Logistics 0000000 000000000
000000000 (0000000 17-Oct-2016 00000 00000 00 00000 Application Software 0000000 000000000
0000 (00000000000) 31-Jul-2016 0000 00000 Logistics 0000000 000000000
00000.000 29-Apr-2012 000000000000000000 Social/Platform Software 0000000 000000000
Run2Sport 09-Feb-2012 Merger/Acquisition 00.00 Clothing
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Souq Subsidiaries (1)

Company Name Industry Location Founded
0000 (00000000000) Logistics Dubai, United Arab Emirates 0000
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Souq Former Investors (14)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
Contact
Info
ACE & Company PE/Buyout Minority 000 0000 000000 0
Baillie Gifford Asset Manager Minority 000 0000 000000 0
Government of Singapore Investment Corporation (GIC) Sovereign Wealth Fund Minority 000 0000 000000 0
Hartmann Holdings Venture Capital Minority 000 0000 000000 0
IFC Asset Management Company Asset Manager Minority 000 0000 000000 0
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Souq Executive Team (22)

Name Title Board
Seat
Contact
Info
Ronaldo Mouchawar Co-Founder & Chief Executive Officer
Asif Keshodia Group CFO
Wissam Daoud Chief Technology Officer
Kamal Naser Regional Director of Global Content Operations
Warrick Godfrey Senior Regional Marketing Director

12 Former Executives

You’re viewing 5 of 22 executives. Get the full list »