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Souq.com raises $75m funding

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Souq.com, e-commerce platform in the Mena region, has secured $75 million (Dh275.5 million) in an additional round of funding from existing investor Naspers.

Published: Tue 25 Mar 2014, 10:13 AM

Updated: Tue 7 Apr 2015, 10:31 PM

This round of funding brings the total amount raised by Souq.com to $150 million (Dh551 million) – the largest amount raised by any Internet-based business in the region. Building on its pioneering reputation in the ecommerce space in the Mena region, and with a strong supply chain and fulfillment system, Souq.com has grown more than 10-fold in the past two years.



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