lonelynet
Established Member
- Impact
- 20
Show attachment How-Wadi-Com-Started-V2.2.webp
in 2015 wadi.com started as an ecommerce marketplace , with the backing of Rocket Internet . Wadi.com was headquartered in Dubai, selling products in UAE & Saudi with a focus on the Saudi market. It had raised $67 million in the largest Series A (to date) secured by a startup in MENA. Al Tayyar had invested about $33.3 million at a valuation of $100 million, acquiring 33% stake in the company.
in 2018 the platform had pivoted to online groceries , a few month later Majid alfutaim (MAF) that owns and operates French hypermarket Carrefour in the region, invested 30 million dollar .
in 2019 Majid Al Futtaim Company has acquired the Saudi online grocery delivery platform. there is no details about the price
in 2020 wadi.com completely shuts down without any announcement .
source
Do you think the company really forget to renew there domain or they just not interested ,
Please do share your thoughts and opinion in this story
in 2015 wadi.com started as an ecommerce marketplace , with the backing of Rocket Internet . Wadi.com was headquartered in Dubai, selling products in UAE & Saudi with a focus on the Saudi market. It had raised $67 million in the largest Series A (to date) secured by a startup in MENA. Al Tayyar had invested about $33.3 million at a valuation of $100 million, acquiring 33% stake in the company.
in 2018 the platform had pivoted to online groceries , a few month later Majid alfutaim (MAF) that owns and operates French hypermarket Carrefour in the region, invested 30 million dollar .
in 2019 Majid Al Futtaim Company has acquired the Saudi online grocery delivery platform. there is no details about the price
in 2020 wadi.com completely shuts down without any announcement .
source
Do you think the company really forget to renew there domain or they just not interested ,
Please do share your thoughts and opinion in this story