About Souqalmal.com
Souqalmal.com is a company based in Dubai (United Arab Emirates) founded in 2012 was acquired by SHUAA in March 2022.. Souqalmal.com has raised $11.5 million across 4 funding rounds from investors including SHUAA, UAE Exchange and Goco Group. Souqalmal.com operates in a competitive market with competitors including BAYZAT, yallacompare, MyMoneySouq, WAAFIR and Beat the Market, among others.
- Headquarter Dubai, United Arab Emirates
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Funding Insights of Souqalmal.com
Souqalmal.com has successfully raised a total of $11.5M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $10 million completed in October 2017. 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 4
- Last Round Series B — $10.0M
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First Round
First Round
(01 Jun 2012)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2017 | Amount | Series B - Souqalmal.com | Valuation | Riyad TAQNIA Fund | |
| Feb, 2017 | Amount | Series A - Souqalmal.com | Valuation | VentureSouq |
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| Jan, 2014 | Amount | Seed - Souqalmal.com | Valuation | Hummingbird Ventures |
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| 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 Souqalmal.com
Souqalmal.com has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include SHUAA, UAE Exchange and Goco Group. 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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Founded Year | Domain | Location | |
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Angel investments in early-stage ventures are managed by VentureSouq.
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Founded Year | Domain | Location | |
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Investments in early-stage startups are focused on by Hummingbird Ventures.
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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 Souqalmal.com
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Souqalmal.com
| 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 |
Souqalmal.Com Comparisons
Competitors of Souqalmal.com
Souqalmal.com 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 BAYZAT, yallacompare, MyMoneySouq, WAAFIR and Beat the Market, 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 |
HR administration, payroll, benefits, and health insurance solutions are provided.
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| domain | founded_year | HQ Location |
Financial products including loans, cards, and insurance are compared online.
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| domain | founded_year | HQ Location |
Online comparisons for insurance, loans, and financial products are facilitated.
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| domain | founded_year | HQ Location |
Platform for Islamic lenders to raise, execute, and manage debt efficiently.
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| domain | founded_year | HQ Location |
Insurance comparison platform for finding better deals.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Souqalmal.Com
Frequently Asked Questions about Souqalmal.com
When was Souqalmal.com founded?
Souqalmal.com was founded in 2012.
Where is Souqalmal.com located?
Souqalmal.com is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Is Souqalmal.com a funded company?
Souqalmal.com is a funded company, having raised a total of $11.5M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.2M, raised on Jun 01, 2012.
What does Souqalmal.com do?
Souqalmal.com was established in 2012 in Dubai, United Arab Emirates, within the fintech sector. An online platform is maintained for comparing financial offerings. Personal loans, car loans, home loans, and business loans can be evaluated alongside credit cards, banking accounts, and insurance options. Operations focus on user accessibility across the region, with data sourced from various providers.
Who are the top competitors of Souqalmal.com?
Souqalmal.com's top competitors include BAYZAT, yallacompare and MyMoneySouq.
Who are Souqalmal.com's investors?
Souqalmal.com has 6 investors. Key investors include SHUAA, UAE Exchange, Goco Group, Riyad TAQNIA Fund, and VentureSouq.
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