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Opontia: Enabling e-commerce brands to go global

Opontia: Enabling e-commerce brands to go global Philip Johnston and Manfred Meyer, co-founders of Opontia The GCC region is one of the fastest-growing e-commerce markets in the world according to a report from Dubai’s CommerCity, with online sales set to treble by 2022. US-based consultancy firm AT Kearney predicts the region’s e-commerce sector will grow from $29 billion this year to $50 billion by 2025. While the sector continues to see higher adoption of online shopping among consumers, for UAE-based e-commerce enabler Opontia, which acquires e-commerce brands and helps them grow, the sector still has a long way to go.  “The e-commerce industry in the region is slightly less mature than it is in the US and Europe and Southeast Asia, but it s growing much faster,” says Philip Johnston, co-founder of Opontia. For example, Noon only has an assortment of two million products across both UAE and KSA. Whereas lazada, for example in Malaysia, had 15 million products at the

Opontia raises $20M in seed round to acquire and grow e-commerce brands in the Middle East and Africa

Opontia lève 20 millions $ pour acquérir et développer des marques de commerce électronique en Afrique

Opontia lève 20 millions $ pour acquérir et développer des marques de commerce électronique en Afrique
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Opontia raises $20M to roll up e-commerce brands in Africa and the Middle East – TechCrunch

Razor Group. Branded. Thrasio. These are big names in the new wave of e-commerce companies taking the world by storm. Their business of acquiring small e-commerce brands that look promising and consolidating them is quite popular in the U.S. and Europe. The concept has sifted through those shores to Latin America and Asia, where companies […]

We Got Funded: UAE Healthtech Smileneo Raises US$2 Million Seed Funding

April 25, 2021 5 min read Opinions expressed by You re reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. Smileneo, a UAE healthtech startup, has successfully raised US$2 million in a seed funding round led by Kingsway Capital. FJ Labs, a fund led by José Marin and Fabrice Grinda, founder of OLX Group, joined the round, as well as a number of global angel investors, including Mato Peric, founder of MPGI, Leonard Stiegeler, founder of Pulse, and Tom Stafford, Managing Partner at DST Global.   Launched in 2019 by Dr. Jonathan Doerr, Smileneo enables patients to access dental clinics which provide safe, effective, doctor-prescribed and monitored clear aligners. Its business model is based on connecting patients with local clinics through its partner network. 

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