About Yallamarket
Yallamarket is a Retail company based in Dubai (United Arab Emirates) founded in 2021 by Stas Seleznev and Leo Dovbenko. Multi-category grocery products are offered via an online platform. Yallamarket has raised $10.5 million across 3 funding rounds from investors including Wamda, Dubai Angel Investors and Regolith Ventures. Its chief executive, as recorded, is Leo Dovbenko. Its focus areas include Food and Agriculture Tech, Online Grocery, B2C Ecommerce and Multi Category. Its competitors include noon, InstaShop and Wadi; 2 of its 3 listed competitors have raised funding.
Company details
Yallamarket was founded in 2021 in Dubai, United Arab Emirates. An online platform is operated in the e-commerce sector, focusing on grocery items such as meat, seafood, eggs, honey, snacks, sweets, and beverages. Additional categories like beauty and home care products are included. Access is provided through applications on iOS and Android devices, serving customers in the region.
- Headquarters Dubai, United Arab Emirates
- Founders Stas Seleznev, Leo Dovbenko
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website yalla-market.com
- Social LinkedIn X
- Total Equity Funding$10.5M (USD)
in 3 rounds
- Latest Funding Round$6M (USD), Seed
Jul 2023
- InvestorsWamda
& 7 more
Funding Insights of Yallamarket
Yallamarket has successfully raised a total of $10.5M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $6 million completed in July 2023. 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 $10.5M
- Total Rounds 3
- Last Round Seed — $6M
- First Round $2.3M
(Nov 2021)
- Investors Count 8
All 3 funding rounds of Yallamarket with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2023 | $6M | Seed | – | Regolith Ventures | |
| Feb 2022 | $2.2M | Seed | – | Doha Tech Angels, Flyer One Ventures | |
| Nov 2021 | $2.3M | Seed | – | Wamda, Dubai Angel Investors | – |
8 investors in total: 6 institutional and 2 angel.
Investors in Yallamarket
Yallamarket has secured backing from 8 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Wamda, Dubai Angel Investors and Regolith Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Strategic investments are made in dual-use defense technologies by Regolith Ventures. | regolithventures.com | |||
Tech startups are funded by Doha Tech Angels venture capital. | dta.qa | Doha, Qatar | ||
Seed to series A investments are provided to tech-based companies. | flyerone.vc | London, United Kingdom | ||
A platform for investors is provided by AngelsDeck. | angelsdeck.com | |||
Angel investments in seed-stage tech firms in Dubai are provided. | 2016 | dubaiangelinvestors.me | Dubai, United Arab Emirates | |
Digital media platform supporting MENA entrepreneurs is provided. | 2010 | wamda.com | Dubai, United Arab Emirates | |
FO Fyodor Ovchinnikov | unknown_e538a01418514816b | |||
AS Alexander Sysoev | unknown_5370e6414f7f4bae9 |
Investor details for Yallamarket
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People of Yallamarket
2 people are tracked at Yallamarket (2 in leadership).
| Name | Role | Group |
|---|---|---|
Stas Seleznev | Co-Founder | Leadership |
Leo Dovbenko | Co-Founder & CEO | Leadership |
Complete people profiles for Yallamarket
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Timeline of Yallamarket
3 dated milestones of Yallamarket across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Yallamarket is founded.
- Funding First funding round of $2.3M.
- Funding Latest funding round, Seed, of $6.0M.
Competitors of Yallamarket
Yallamarket has 3 listed competitors in our database, 2 of them funded. They include noon, InstaShop and Wadi.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| noon.com | 2016 | Dubai, United Arab Emirates | Multi-category consumer products are sold via an online marketplace platform. | |||
| instashop.com | 2015 | Dubai, United Arab Emirates | $750,000 | Multi-category grocery products are sold via an online platform. | ||
| wadi.com | 2015 | Dubai, United Arab Emirates | $97M | Online horizontal marketplace is operated for Middle Eastern countries. |
Detailed competitors of Yallamarket
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Related news about Yallamarket
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Frequently Asked Questions about Yallamarket
Yallamarket was founded in 2021.
Yallamarket is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Leo Dovbenko is the CEO of Yallamarket, as recorded in our data. They have also founded this company.
Yallamarket is a funded company, having raised a total of $10.5M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.3M, raised on Nov 2021.
Yallamarket was founded in 2021 in Dubai, United Arab Emirates. An online platform is operated in the e-commerce sector, focusing on grocery items such as meat, seafood, eggs, honey, snacks, sweets, and beverages. Additional categories like beauty and home care products are included. Access is provided through applications on iOS and Android devices, serving customers in the region.
Yallamarket has 8 investors. Key investors include Wamda, Dubai Angel Investors, Regolith Ventures, Fyodor Ovchinnikov, and Doha Tech Angels.