Ecommerce

Quick Byte: JadoPado closes down after acquisition by a ‘regional player’

  • JadoPado, the Dubai-based marketplace has been acquired by a regional player, company announced in a blogpost today. The company did not share details about who has acquired them. But people are speculating its Noon.
  • The website has already closed down for buyers and all the visitors are being redirected to the acquisition announcement. JadoPado hotcake however which is their platform for sellers will be available online until May 25, 2017.
  • Founded in 2010 by Omar Kassim, the company had raised $8 million in two round until now. Dany Farha’s BECO Capital was one of the investors in the company.
  • The website may not have been as famous as Souq.com or some other big ecommerce platforms of the region but it had some very loyal users who are very disappointed to hear the news.

Zubair Naeem Paracha

Zubair Naeem Paracha

Founder at MENAbytes
A tech and startup enthusiast based in Riyadh. Zubair apart from leading MENAbytes is also building Qraar, a career discovery and development platform for millennials in MENA. He can be reached on Linkedin, Twitter or zubair [at] menabytes [dot] com.
Zubair Naeem Paracha

MENAbytes covers tech and digital media stories from Middle East North Africa

We are trying to bring you all the latest happenings from startups to influencers, everything in tech and digital media from the region.

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