Zoodmall shopping app raises $10M funds and recruits 50 Lebanese talents
Fintech Middle East & Africa

Zoodmall shopping app raises $10M funds and recruits 50 Lebanese talents

BeiSuccessfully launched in Lebanon in 2019, ZoodMall shopping app is recruiting more than 50 Lebanese talents at its regional head office team in Beirut to drive local and regional growth, as its expands into Jordan, Kuwait, Bahrain, and Saudi Arabia starting July 2020.

ZoodMall is an emerging B2C cross-border e-commerce marketplace app operating in Central Asia and the Middle East is currently operational in Lebanon, Iraq, Uzbekistan, Kazakhstan, and Azerbaijan. Recently, ZoodMall announced the closing of a US$10 million fundraising round to propel growth.

Available on Playstore and App Store, the user-friendly digital shop makes offers over four million cross-border products such as low-cost and top-tier mobile phones, apparel, accessories, beauty, home, and garden products, children’s toys, as well as local branded products, sourced from over 30,000 sellers.

Michael Khoi, CEO of ZoodMall, commented, “We believe in the future prosperity of Lebanon and access to high caliber talents, which are abundant in the country, will strengthen our capabilities to grow locally and support our expansion plans into Jordan, Kuwait, Bahrain and Saudi Arabia. Our marketplace shopping app brings a unique value proposition by offering a one-stop experience on cross-border and local products.”.

Mr. Khoi continued “With the backing of our financial and regional strategic partners, ZoodMall will be rapidly developing its leadership position in the large and fast-growing market for cross-border B2C marketplaces, building on its strength as a capital-efficient marketplace to reach a target market of over 200 million consumers in more than 15 countries across the CIS and MENA.”

The regional marketplace model provides the first localized shopping experience overcoming constraints on language, payment methods and logistics thus creating a seamless and rewarding customer experience for underserved, mobile-ready customers.

PRESS RELEASE (Originally on Zawya)

Author

  • Richie Santosdiaz, Contributing Reporter for Middle East and Africa

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