Previous Post
This Fearless Startup Explains Why Team Building is the Most Crucial part of Creating a Company
Next Post
Meet the Man Behind the Tech Summit Connecting Mediterranean Entrepreneurs, From Egypt to Croatia

Souq.com Acquires Dubai-Based Wing.Ae to Speed Up Shipping

Before its acquisition by Amazon, the Middle Eastern e-commerce giant had invested in the newly launched delivery startup.

E-commerce giant Souq has just aquired Wing.ae, a Dubai-based startup focused on building network for same-day and next-day deliveries for various e-commerce marketplaces, TechCrunch reported. 

"At Souq.com, our customers will remain our key focus and we will continue to deliver an exceptional online shopping experience. Fast dependable delivery is key to this, and Wing.ae provides Souq.com customers with more convenience for their same and next day delivery. With Amazon's support, we are putting all our efforts in providing an ever-improving shopping experience for customers in the Middle East," said the company's CEO and co-founder, Ronaldo Mouchawar.

Founded in 2016 by Muzaffar Karabaev, Wing.ae had received its seed funding from Souq.com, just before the e-commerce giant was acquired by Amazon. The startup, which was now acquired for an undisclosed amount,was working with other e-commerce sites in the region, but its spokeperson announced that it will continue to support these, as long as they meet a minimum size. “Wing will continue to support delivery service providers who conduct deliveries for more than 150 businesses throughout the region,” the spokesman said.

"The UAE is a leading e-commerce and smart hub in the region, and in this demanding business we work to fill the logistics supply gaps to offer customers the excellent service they want as fast as possible," Muzaffar Karabev, CEO and co-founder of Wing.ae said.

With 45 million online visitors per month; 8.4 million products in 31 categories and local operations in Saudi Arabia, UAE and Egypt, Souq is the biggest e-commerce marketplace in the region. This acquisition will now help the company stay on top of an area that has been one of Amazon’s traditional strengths: logistics.

Main photo: Courtesy of Wing.ae


Get inspired. Join the movement

Sign up for the weekly newsletter

Startup stories straight to your inbox

Sign up for the weekly newsletter

Todays Events
Startup Roadshow @ Istanbul
Competition
Date: 10/24/2018
Time: 10:00am - 5:00pm
Venue: Istanbul