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

Contributor at MENAbytes
An HR Consultant based in Riyadh who has always been passionate about tech and startups. Currently trying to build his own startup, Qraar. You can reach him on Linkedin,  Twitter or zubair [at] menabytes [dot] com.

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