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
-
Sectors
Retail
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Wadi Infotech Private Limited
- Date of Incorporation 17 Aug, 2017
- Jurisdiction New Delhi, Delhi, India
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$97 M (USD)
in 2 rounds
-
Latest Funding Round
$30 M (USD), Series B
Oct 25, 2018
-
Investors
Majid Al Futtaim
& 1 more
-
Employee Count
Employee Count
-
Acquired by
Majid Al Futtaim
(May 16, 2019)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $30.0M
-
First Round
First Round
(14 Feb 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2018 | Amount | Series B - Wadi | Valuation | Majid Al Futtaim |
|
| Feb, 2016 | Amount | Series A - Wadi | Valuation | Al Tayyar Travel Group |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
|---|---|---|---|---|
|
Operates retail store of consumer goods
|
Founded Year | Domain | Location | |
|
Local radio broadcasting and digital media services are provided.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Wadi
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Wadi
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wadi Comparisons
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. 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 |
Multi-category products are offered through an online marketplace.
|
|
| domain | founded_year | HQ Location |
Multi-category consumer products are offered via an app-based marketplace.
|
|
| domain | founded_year | HQ Location |
Multi-category consumer products are sold via an online marketplace platform.
|
|
| domain | founded_year | HQ Location |
Multi-category grocery products are offered via an online platform.
|
|
| domain | founded_year | HQ Location |
Multi-category products are sold via an online marketplace.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Wadi
Frequently Asked Questions about Wadi
When was Wadi founded?
Wadi was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Wadi located?
Wadi is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Is Wadi a funded company?
Wadi is a funded company, having raised a total of $97M across 2 funding rounds to date. The company's 1st funding round was a Series A of $67M, raised on Feb 14, 2016.
What does Wadi do?
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.
Who are the top competitors of Wadi?
Wadi's top competitors include Amazon, noon and Paytm Mall.
Who are Wadi's investors?
Wadi has 2 investors. Key investors include Majid Al Futtaim, and Al Tayyar Travel Group.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.