4Partners secures USD 3.6 mn in latest funding round

Dubai-based drop shipping platform 4Partners raised USD 3.6 mn in its latest funding round, Arabian Business reports, without disclosing who participated in the funding round. The new capital will allow 4Partners to expand into the broader UAE market and the region, while helping businesses use its platform and logistics offerings to set up online stores.

Uh, Enterprise, what’s drop shipping? Ecommerce businesses use drop shipping when they want to reduce overheads and outsource the process of storage and shipping to a third party, typically a supplier.

About 4Partners: Founded in Dubai, 4Partners specializes in dropshipping, allowing businesses to sell products without managing inventory or logistics. The company operates warehouses in the UAE, Germany, the US, Turkey, and China, with access to over 7 mn products from 753 suppliers.