Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
April 26, 2012 03:04 am GMT

MarkaVIP Secures $10 million As The Middle East Takes Off

Screen Shot 2012-04-25 at 15.57.20Online private sales burst onto the scene a few years ago in the shape of Vente Privee in Europe and, later, Gilt in the US. It's a model we all know and love - and it's rapidly proving a model with which emerging economies are, well, rather obsessed. I was just recently in Istanbul where where you can almost throw a stone and be sure of hit a private sales startup entrepreneur. And from there, and across the Middle East and North Africa (known as MENA), online businesses are growing like weeds.And some investors know it. Thus today MarkaVIP, a runaway private sales success story in the Middle East has completed a $10 million Series B funding led by European venture firm Prime Ventures. It's joined buy participation from New York City-based Invus Financial Advisors (IFA), Antwerp-based Hummingbird Ventures, and San Francisco-based Lumia Capital.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/nof1ZcW-7cs/

Share this article:    Share on Facebook
View Full Article

Techcrunch

TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.

More About this Source Visit Techcrunch