Souq Overview

  • Founded
  • 2005
Founded
  • Status
  • Acquired/​Merged
  • Employees
  • 4,500
Employees
  • Latest Deal Type
  • M&A
  • Latest Deal Amount
  • $583M
Latest Deal Amount

Souq General Information

Description

Provider of an online marketplace intended to connect people with products. The company's marketplace offer numerous products including bracelets, backpacks, toys, and other everyday essentials, enabling customers to purchase for all their requirements from a single marketplace.

Contact Information

Website
www.souq.com
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Primary Industry
Internet Retail
Other Industries
Application Software
Acquirer
Amazon.com
Primary Office
  • Dubai Internet city
  • Thuraya 2 Tower, Office 1902
  • Dubai United Arab Emirates
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Souq Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Merger/Acquisition 12-May-2017 $583M 00000 00000 Completed Profitable
5. Later Stage VC 29-Feb-2016 00000 00000 00.000 Completed Generating Revenue
4. Later Stage VC 01-Apr-2015 00000 00000 000 Completed Generating Revenue
3. Later Stage VC 24-Mar-2014 000.00 00000 00000 Completed Generating Revenue
2. Later Stage VC 01-Jun-2013 $27.3M $67.3M 00000 Completed Generating Revenue
1. Later Stage VC 29-Oct-2012 $40M $40M Completed Generating Revenue
To view Souq’s complete valuation and funding history, request access »

Souq Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Provider of an online marketplace intended to connect people with products. The company's marketplace offer numerous pro
Internet Retail
Dubai, United Arab Emirates
4,500 As of 2022
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Dubai, United Arab Emirates
0000 As of 0000
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00000000 000000
Ikeja, Nigeria
0000 As of 0000
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Souq Competitors (7)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Noon Private Equity-Backed Dubai, United Arab Emirates 0000 00 000000
00000 Private Equity-Backed Ikeja, Nigeria 0000 00000 00 000000 00000
000000000 Venture Capital-Backed Hangzhou, China 0000 00000 00000000000 00000
000000 Formerly VC-backed Dubai, United Arab Emirates 000 0000 0&0
000000 (000000 000 Private Equity-Backed Saint-Denis, France 0000 0000000 0000
You’re viewing 5 of 7 competitors. Get the full list »

Souq Executive Team (22)

Name Title Board Seat Contact Info
Ronaldo Mouchawar Co-Founder & Chief Executive Officer
Kamal Naser Regional Director of Global Content Operations
Warrick Godfrey Senior Regional Marketing Director
Hussam Khoury Co-Founder
Samih Toukan Co-Founder
You’re viewing 5 of 22 executive team members. Get the full list »

Souq Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %ile
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Souq Former Investors (15)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
ACE & Company PE/Buyout Minority 000 0000 000000 0
Affirma Capital Growth/Expansion Minority 000 0000 000000 0
Baillie Gifford Asset Manager Minority 000 0000 000000 0
Cercano Management Venture Capital Minority 000 0000 000000 0
Government of Singapore Investment Corporation (GIC) Sovereign Wealth Fund Minority 000 0000 000000 0
You’re viewing 5 of 15 investors. Get the full list »

Souq Investments & Acquisitions (6)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
0000 (0000000 06-Sep-2017 0000000000 Logistics 0000000 0
000000000 (00 17-Oct-2016 00000 0000 00000 Specialty Retail 0000000 0
0000 (0000000 31-Jul-2016 0000 00000 Logistics 0000000 0
00000.000 29-Apr-2012 0000000000 Social/Platform Software 0000000 0
Run2Sport 09-Feb-2012 Merger/Acquisition 00.00 Clothing
You’re viewing 5 of 6 investments and acquisitions. Get the full list »

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Souq Subsidiaries (1)

Company Name Industry Location Founded
0000 (00000000000) Logistics Dubai, United Arab Emirates 0000
To view Souq’s complete subsidiaries history, request access »

Souq Exits (1)

Company Name Exit Date Exit Type Exit Size Status Buyers
000000000 (0000000 17-Oct-2016 00000 00000 00 00000 Completed
  • 3 buyers
To view Souq’s complete exits history, request access »