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

Emerging B2C shopping app to expand to four new markets: Jordan, Kuwait, Bahrain and Saudi Arabia

  

Beirut: Successfully 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.

-Ends-

For further information on the ZoodMall offering, visit https://intl.zoodmall.com/lb  or download the app in Playstore or App Store.

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2020

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases