Souq

company

About

Souq owns and operates an online retail e-commerce website.

  • 1001 - 5000

Details

Last Funding Type
Series Unknown
Last Funding Money Raised
$275M
Industries
Consumer Electronics,E-Commerce,Marketing,Marketplace,Retail,Shopping
Founded date
Jan 1, 2005
Number Of Employee
1001 - 5000
Operating Status
Active

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.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$275M
Souq has raised a total of $275M in funding over 2 rounds. Their latest funding was raised on Feb 29, 2016 from a Series Unknown round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Feb 29, 2016 Series Unknown $275M 1 Detail

Investors

Number of Lead Investors
Number of Investors
1
Souq is funded by 1 investors. IFC Venture Capital Group are the most recent investors.
Investor Name Lead Investor Funding Round
IFC Venture Capital Group Series Unknown