Retail
Subscription
Advertise
  • Home
    • About Us
  • News
  • Transport
    • Air Cargo
    • Airlines
    • Maritime
    • Rail
    • Road
  • Ports
    • Airports
  • Materials Handling
    • Warehousing
  • Vehicles
    • Automobiles
    • Autonomous
    • Commercial
    • Construction
    • Truck & Fleet
  • E-commerce
  • Technology
    • Blockchain
    • IoT
    • Robotics
    • Telematics
  • Interviews
    • Analyses
    • Opinion
    • Outlook
    • View Point
  • Express Deliveries
  • Freight
  • FM
    • Waste Management
  • Expo 2020
  • Events
    • LILS KSA Summit 2023
    • LILA UAE Awards 2022
No Result
View All Result
LogisticsGulfNews.com
No Result
View All Result

E-commerce aggregator Opontia raises US$ 42mn Series A investment

by Anthony Fonseca
April 20, 2023
in E-commerce

The new investment round is a mix of equity and venture debt financing

Manfred Meyer (l) and Philip Johnston, co-Founders, Opontia

Opontia, a start-up that acquires and grows e-commerce brands since its launch in March 2021, recently announced it has raised US$ 42mn, the company revealed in a press statement.

The Series A investment follows nine months of sustainable, fast-paced growth since Opontia launched, during which it has expanded from Dubai to launch offices in the three other largest e-commerce markets in Central and Eastern Europe, Middle East and Africa (CEEMEA), in Poland, Turkey, and Saudi Arabia.

In the coming months, Opontia is to incorporate offices in more high-potential growth markets including Egypt, Nigeria, and Pakistan.

“Through Opontia’s support, entrepreneurs can achieve scale and development as we lead on daily operations while we enable them to continue to benefit from the growth in their brands,” commented Philip Johnston, CEO, Opontia.

“The e-commerce market is rapidly augmenting across Central and Eastern Europe, Middle East and Africa markets. As such, entrepreneurs are increasingly seeking support in scaling-up brands and that is where Opontia has a pivotal role to play,” remarked Manfred Meyer, co-CEO, Opontia.

“With its disruptive business model and vision, Opontia really is in the right market at the right time,” noted Ahmad Alshammari, General Partner, STV.

“We’re excited to be following on our initial investment with them as they take the company to the next level,” Saed Nashef, Founding Partner, Raed Ventures. Launched in March 2021, Opontia enables e-commerce entrepreneurs to realise the full potential of their brands, both in terms of getting an exit as well as profiting from future growth.

Want to stay updated on the latest industry news and trends? Subscribe today to receive your monthly news highlights directly in your inbox!

Tags: ExpansionInvestmentsNews
ShareTweetShareSend

Related Posts

Amazon Saudi Doubles its Storage Capacity with the Launch of its New Fulfillment Center in Riyadh
E-commerce

Amazon Saudi Doubles its Storage Capacity with the Launch of its New Fulfillment Center in Riyadh

May 31, 2023
WEE Marketplace Taps into UAE’s 12.7 Billion USD e- commerce Market with Its Quick Delivery Service
E-commerce

WEE Marketplace Taps into UAE’s 12.7 Billion USD e- commerce Market with Its Quick Delivery Service

May 18, 2023
EZDUBAI
E-commerce

EZDUBAI Launches Third E-Commerce report

March 30, 2023
Noon Grocery
E-commerce

Noon Grocery gains HACCP certification

March 28, 2023
Please login to join discussion

Search

No Result
View All Result

Recent News

Amazon Saudi Doubles its Storage Capacity with the Launch of its New Fulfillment Center in Riyadh

Amazon Saudi Doubles its Storage Capacity with the Launch of its New Fulfillment Center in Riyadh

May 31, 2023
Bridging Gaps in the Pre-owned Car Industry in the UAE

Bridging Gaps in the Pre-owned Car Industry in the UAE

May 29, 2023
Dammam added to the MSC’s India-South Africa service

Dammam added to the MSC’s India-South Africa service

May 26, 2023

LogisticsGulfNews.com, the niche media portal designed for the industry, is deeply committed to representing, serving and promoting the interests of the logistics and supply chain businesses in the region

Recent News

  • Amazon Saudi Doubles its Storage Capacity with the Launch of its New Fulfillment Center in Riyadh
  • Bridging Gaps in the Pre-owned Car Industry in the UAE
  • Dammam added to the MSC’s India-South Africa service

Contact Us

For Editorial Opportunities
editor@logisticsgulfnews.com

For Advertising Opportunities
info@logisticsgulfnews.com

AARYA Media FZC LLC
A- 5805-189, Business Club
Ajman Media City.
P.O Box 29127
Phone: +971 4 368 8464
Ajman- United Arab Emirates

  • About Us
  • Advertise
  • Subscription
  • Contact Us

©️ 2021 Logistics Gulf News. All rights reserved

No Result
View All Result
  • Home
    • About Us
  • News
  • Transport
    • Air Cargo
    • Airlines
    • Maritime
    • Rail
    • Road
  • Ports
    • Airports
  • Materials Handling
    • Warehousing
  • Vehicles
    • Automobiles
    • Autonomous
    • Commercial
    • Construction
    • Truck & Fleet
  • E-commerce
  • Technology
    • Blockchain
    • IoT
    • Robotics
    • Telematics
  • Interviews
    • Analyses
    • Opinion
    • Outlook
    • View Point
  • Express Deliveries
  • Freight
  • FM
    • Waste Management
  • Expo 2020
  • Events
    • LILS KSA Summit 2023
    • LILA UAE Awards 2022

©️ 2021 Logistics Gulf News. All rights reserved