About Wadi
Wadi is a company based in Dubai (United Arab Emirates) founded in 2015 was acquired by Majid Al Futtaim in May 2019. Wadi has raised $97 million across 2 funding rounds from investors including Majid Al Futtaim and Al Tayyar Travel Group. Wadi operates in a competitive market with competitors including Amazon, Paytm Mall, noon, Yallamarket and Phygicart, among others.
- Headquarter Dubai, United Arab Emirates
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Sectors
Retail
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Wadi Infotech Private Limited
- Date of Incorporation 17 Aug, 2017
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$97 M (USD)
in 2 rounds
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Latest Funding Round
$30 M (USD), Series B
Oct 25, 2018
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Investors
Majid Al Futtaim
& 1 more
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Employee Count
Not available
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Acquired by
Majid Al Futtaim
(May 16, 2019)
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Funding Insights of Wadi
Wadi has successfully raised a total of $97M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in October 2018. 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.
Investors in Wadi
Wadi has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Majid Al Futtaim and Al Tayyar Travel Group.
| Investor | Description | Founded Year | Domain | Location |
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Operates retail store of consumer goods
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Local radio broadcasting and digital media services are provided.
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Investor details for Wadi
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Investments & Acquisitions by Wadi
Investment portfolio details for Wadi
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Financial Statements - Wadi
Detailed financials for Wadi
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Wadi Comparisons
Peer comparison for Wadi
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Competitors of Wadi
Wadi 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 Amazon, Paytm Mall, noon, Yallamarket and Phygicart, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Multi-category products are offered through an online marketplace.
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Multi-category consumer products are offered via an app-based marketplace.
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Multi-category consumer products are sold via an online marketplace platform.
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Multi-category grocery products are offered via an online platform.
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Multi-category products are sold via an online marketplace.
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Detailed competitors of Wadi
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Latest news on Wadi
Complete news archive for Wadi
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Frequently Asked Questions about Wadi
Wadi was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Wadi is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Wadi is a funded company, having raised a total of $97M across 2 funding rounds to date.
Wadi is an online horizontal marketplace focusing mainly on middle eastern countries. Part of MEIG - a JV of Rocket Internet and South Africa based telecom company MTN. Offers users a variety of products under different categories such as fashion, electronics, home kitchen , auto spares and parts and many other. Vendors and local merchants can also enroll on the platform and sell their products online. Offers free delivery and warehouse management solutions to sellers on the platform. Operational in UAE and Saudi Arabia as of Feb 16. Raised 67M in series A funding led by Al Tayyar Travel Groupbased out of Saudi Arabia.
Wadi's top competitors include Amazon, noon and Paytm Mall.
Wadi has 2 investors. Key investors include Majid Al Futtaim, and Al Tayyar Travel Group.