YallaHub, a Dubai, UAE-based marketplace aggregator, raised $6M in Pre-Series A funding.
The round was led by MENA-focused private investors, including Fedor Ovchinnikov, Regolith and others.
The company intends to use the funds to refine the IT platform for order aggregation and expand the network of partner marketplaces, with plans to accelerate expansion into Saudi Arabia and Qatar in the near future.
Founded in 2021 by Leo Dovbenko and Stas Seleznev, YallaHub is MENA’s first B2B2C e-commerce aggregator, integrating market parties into a single, scalable tech platform. With a monthly membership subscription, it provides an extensive array of products designed to enable brands to boost online sales and a solution offering registration and licensing services, export and import assistance, storage and fulfillment, fast delivery within 15-90 minutes, marketing tools, e-commerce setup and payment gateway rental.
YallaHub has already introduced over 80 small, medium and enterprise brands to the UAE market, including the global health food brand Vkusvill. The marketplace aggregator provides its customers a single entry point to the GCC market and is equipped to handle omnichannel sales simultaneously, including 8+ aggregators and marketplaces (Noon, Careem, Amazon, Deliveroo, NowNow), e-commerce platforms and the merchant’s own sales channels powered by YallaWeb and Shopify.
FinSMEs
18/07/2023