Sunday, 2 April 2017
When Souq.com first started in 2005, it had five employees. Fast-forward 10 years and it was valued at $1 billion as it received the largest e-commerce funding in the region’s history. One year later, Dubai-based Emaar and US-based Amazon put forward bids to acquire the company, and the latter won. Neither party has disclosed the actual size of the deal, but public reaction has definitely been to throw a party. Over the region, entrepreneurs, start-ups, and the tech industry are ...
Yara al-Wazir
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