About OpenSooq
OpenSooq is a company based in Amman (Jordan) founded in 2008.. OpenSooq has raised $24 million across 2 funding rounds from investors including FJ Labs and SJIF. OpenSooq operates in a competitive market with competitors including Craigslist and Tajircom, among others.
- Headquarter Amman, Jordan
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$24 M (USD)
in 2 rounds
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Latest Funding Round
$24 M (USD), Series B
Jun 07, 2021
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Investors
FJ Labs
& 1 more
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Employee Count
Employee Count
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Funding Insights of OpenSooq
OpenSooq has successfully raised a total of $24M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $24 million completed in June 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $24.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series B - OpenSooq | Valuation | SJIF | |
| Jun, 2016 | Amount | Series A - OpenSooq | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in OpenSooq
OpenSooq has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include FJ Labs and SJIF. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors
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Founded Year | Domain | Location | |
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Offers investment management services focused on portfolio construction and risk assessment.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by OpenSooq
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - OpenSooq
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Opensooq Comparisons
Competitors of OpenSooq
OpenSooq operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Craigslist and Tajircom, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online classified forum
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| domain | founded_year | HQ Location |
Operates an online listing platform for multi-category products.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Opensooq
Frequently Asked Questions about OpenSooq
When was OpenSooq founded?
OpenSooq was founded in 2008 and raised its 1st funding round 8 years after it was founded.
Where is OpenSooq located?
OpenSooq is headquartered in Amman, Jordan.
Is OpenSooq a funded company?
OpenSooq is a funded company, having raised a total of $24M across 2 funding rounds to date.
What does OpenSooq do?
OpenSooq was founded in 2008 in Amman, Jordan, as an online platform focused on second-hand goods. Listings are facilitated in sectors including automobiles, electronics, fashion, furniture, services, job vacancies, baby supplies, and beauty products. Operations center on user-generated postings, enabling transactions within the regional e-commerce space. The domain opensooq.com supports these activities primarily in the Middle East.
Who are the top competitors of OpenSooq?
OpenSooq's top competitors include Craigslist and Tajircom.