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UAE-based e-commerce enabler Opontia has raised $42 million in equity and debt in a Series A round led by STV. Opontia, founded by...

The Series A investment round is a mix of equity and venture debt financing and STV is the lead equity investor.

UAE-based e-commerce enabler Opontia has raised $42 million in equity and debt in a Series A round led by STV. Opontia, founded by...

E-commerce roll-up play Opontia launched in June, raising $20 million in debt and equity to acquire older, small e-commerce brands in the Middle East and Africa. Today, the company confirmed to TechCrunch that it has closed a subsequent round, a $42 million Series A nine months after it was founded. Roll-up plays are generally known […]

UAE-based e-commerce enabler Opontia has raised $42 million in equity and debt in a Series A round led by STV. Opontia, founded by...

Opontia: Enabling e-commerce brands to go global Philip Johnston and Manfred Meyer, co-founders of Opontia The GCC region is one of the fastest-growing e-commerce markets in the world according to a report from Dubai’s CommerCity, with online sales set to treble by 2022. US-based consultancy firm AT Kearney predicts the region’s e-commerce sector will grow from $29 billion this year to $50 billion by 2025. While the sector continues to see higher adoption of online shopping among consumers,...

Opontia launched in March with aim to pick up ecommerce-focussed brands

DUBAI: A Dubai-based e-commerce company has raised $20 million in debt and equity in a seed round involving a number of high-profile investors. Opontia, which has offices in Dubai and Riyadh, acquires high-performing e-commerce businesses across the Gulf. “We are interested in brands with at least $10,000 in monthly revenue and at least $5,000 in net profit per month,”

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