SOUQ.COM-Largest Online Shopping in the Arab World

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Souq .com is an e-commerce platform, owned by Amazon.it is the largest e-commerce platform in the Arab world.the website was founded in 25th October 2005. founded by Ronaldo Mouchawar and Samih takown.it was initially an auction site linked to internet portal maktoob.com.in 2011 souq.com changed its model to an online shopping site similar to Amazon.com with the market place and retail items for sale on its platform.



in March 2014, the company raised 75 million dollars from Capetown, South Africa based Naspers, bringing the total souq.com had raised since its inception to 150 million dollars. As of  2014,souq.com had raised 150 million dollars, the largest amount raised by any internet-based business in the middle east.



The company was backed by  Tiger global management and Naspers ltd.as of 2015, among other companies, and headquartered in Dubai.in October 2015, it was reported that in a round of fundraising, the company was valued at around 1 billion dollars. At the time, it had around 10 million visitors monthly in the second place after Digikala.com by 51 million visitors monthly.



As of March 2017, it sold over 8.4 million products in 31 categories, including "consumer electronics, fashion, health and beauty, household goods, and baby.it also had around 45 million visits per month.it was the largest e-commerce platform in the Arab world of 2016,often described as the Amazon of the middle east. As of 2014, the site delivered to the United  Arab Emirates, Saudi Arabia,
kuwait, Egypt, Bahrain, Oman, and Qatar.



As of March 2017,souq.com has localized operation in Saudi Arabia, United Arab Emirates and Egypt, which as of 2014 equated to semi-automated modern fulfillment centers in the UAE, Saudi arabia, Kuwait, and Egypt, measuring a total of 35000 square meters. At the time the company employed around 2500 employees in engineering, retail, customer support, fulfillment, and last mile delivery sections.


FOUNDER & CEO PROFILE




Ronaldo Mouchawar is a Syrian entrepreneur who is the CEO and the founder of souq.com.He is a veteran of maktoob, the internet portal purchased by Yahoo in 2009.in 2005 he launched souq.com

He was born in Aleppo. now he is residing in Dubai, UAE
Alma mater: Northeastern University
Occupation: Founder and CEO of souq.com


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