Souq owns and operates an online retail e-commerce website.
Souq operates an e-commerce platform in the Middle East and North Africa region. It offers products in the categories of baby and toddler, mobiles and accessories, computers and tablets, clothing and shoes, watches and jewelry, perfumes and fragrances, and toys and gaming, as well as TVs, audio, and camera. Souq also operates as a marketplace for third party sellers. Ronaldo Mouchawar founded Souq in 2005. Souq 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 operates as a subsidiary of Amazon as of May 12, 2017.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
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Feb 29, 2016 | Series Unknown | $275M | 1 | — | — | Detail |
Investor Name | Lead Investor | Funding Round |
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IFC Venture Capital Group | — | Series Unknown |