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Details

  • Company Type For Profit
  • Number of Exits 
  • Contact Email uae@souq.com
  • Phone Number +97144370900

Souq operates an e-commerce platform in the Middle East and North Africa region. It offers products in the categories of baby and toddler, mobiles and accessories, computers and tablets, clothing and shoes, watches and jewelry, perfumes and fragrances, and toys and gaming, as well as TVs, audio, and camera.

Souq also operates as a marketplace for

third party sellers. Ronaldo Mouchawar founded Souq in 2005.

Souq has its headquarters in Dubai in the United Arab Emirates with commercial offices in Egypt, Saudi Arabia, and Kuwait and technical and development centers in Jordan and India. Souq operates as a subsidiary of Amazon as of May 12, 2017.

Lists Featuring This Company

Europe, Middle East, and Africa (EMEA) Consumer Electronics Companies
6,308 Number of Organizations • $21.4B Total Funding Amount • 1,680 Number of Investors
Europe, Middle East, and Africa (EMEA) Acquired Companies With More Than 100 Employees (Top 10K)
9,993 Number of Organizations • $283.9B Total Funding Amount • 6,636 Number of Investors
Europe, Middle East, and Africa (EMEA) Companies With More Than $50M in Revenue (Top 10K)
10,000 Number of Organizations • $1T Total Funding Amount • 10,187 Number of Investors
Acquired Marketplace Companies
841 Number of Organizations • $44B Total Funding Amount • 2,769 Number of Investors

M&A Details

Souq was acquired by Amazon for $580M on Mar 27, 2017. This deal was done in Cash.

Sub-Organizations

Number of Sub-Orgs 3
Which industries do these Sub-Organization operate in?

Frequently Asked Questions

Where is Souq's headquarters? Souq is located in Dubai, Dubai, United Arab Emirates.Who invested in Souq? Souq has 7 investors including IFC Venture Capital Group and Baillie Gifford.How much funding has Souq raised to date? Souq has raised .When was the last funding round for Souq? Souq closed its last funding round on Feb 29, 2016 from a Venture - Series Unknown round.Who are Souq's competitors? Alternatives and possible competitors to Souq may include RalaliShopClues, and Weipinhui.