SOUQ.COM-Largest Online Shopping in the Arab World
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 200 5. 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 tha...