{"id":23603,"date":"2023-07-18T14:28:51","date_gmt":"2023-07-18T14:28:51","guid":{"rendered":"https:\/\/www.meretailnews.com\/?p=23603"},"modified":"2023-07-18T14:28:51","modified_gmt":"2023-07-18T14:28:51","slug":"yallahub","status":"publish","type":"post","link":"https:\/\/www.meretailnews.com\/2023\/07\/18\/yallahub\/","title":{"rendered":"YallaHub raises $6 million in pre-series A funding"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<span data-preserver-spaces=\"true\">Dubai-based B2B marketplace aggregator\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/yallahub.ae\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">YallaHub<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0has grabbed $6 million in a pre-series A funding round.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Part of the funds will be deployed to finance the venture\u2019s upcoming expansion into Saudi Arabia and Qatar.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The company said in a statement: \u201cThese are both fast-growing markets with a flourishing fintech sector, economic stability, young and tech-savvy populations, impressive levels of internet penetration up to 99.0 per cent and a drive toward digitalisation.&#8221;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The latest round was co-led by various Mena-focused private investors, entrepreneurs and syndicates, such as founder of Dodo Brands, Fedor Ovchinnikov.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The venture said the fresh capital will be used to refine its IT platform for order aggregation and expand the network of partner marketplaces.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Founded in 2021 by Leo Dovbenko and Stas Seleznev, YallaHub enables brands to scale up across the GCC region and achieve global omnichannel sales with a \u201csingle-window service\u201d.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The company is built upon the foundations of YallaMarket<\/span><span data-preserver-spaces=\"true\">, a Dubai-based ultra-fast grocery delivery service.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">YallaHub<\/span><span data-preserver-spaces=\"true\">\u00a0has already given a platform to more than 80 SMEs in the UAE market, including Russian health food brand\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.meretailnews.com\/2023\/03\/08\/russian-retailer-vkusvill-to-start-online-grocery-in-dubai\/\"><span data-preserver-spaces=\"true\">Vkusvill<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The start-up can handle omnichannel sales simultaneously, including eight aggregators and marketplaces such as Noon, Careem, Amazon, Deliveroo and NowNow, besides e-commerce platforms and the merchant\u2019s own sales channels powered by YallaWeb and Shopify.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>UAE marketplace aggregator\u00a0YallaHub\u00a0has secured $6 million in a pre-series A funding round, aiming to foray into Saudi Arabia and Qatar<\/p>\n","protected":false},"author":40,"featured_media":17707,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[154,1323,1],"tags":[3966,4922],"_links":{"self":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/23603"}],"collection":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/comments?post=23603"}],"version-history":[{"count":2,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/23603\/revisions"}],"predecessor-version":[{"id":23605,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/23603\/revisions\/23605"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media\/17707"}],"wp:attachment":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media?parent=23603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/categories?post=23603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/tags?post=23603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}