{"id":91432,"date":"2024-04-29T00:00:00","date_gmt":"2024-04-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/wee-marketplace-bags-usd-10-mn-in-pre-series-a-funding\/"},"modified":"2024-04-29T00:00:00","modified_gmt":"2024-04-29T00:00:00","slug":"wee-marketplace-bags-usd-10-mn-in-pre-series-a-funding","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/04\/29\/wee-marketplace-bags-usd-10-mn-in-pre-series-a-funding\/","title":{"rendered":"Wee Marketplace bags USD 10 mn in pre-series A funding"},"content":{"rendered":"

Wee closes pre-seed funding round: <\/strong>Dubai-based e-commerce platform Wee<\/a>Marketplace<\/a> has secured USD 10 mn in equity and debt from SIG Investment as part of its pre-series A funding, according to a press release<\/a>. The latest funding round raises Wee\u2019s market valuation to USD 40 mn. In addition to the funding from SIG, the startup bagged USD 2 mn in follow-on investments from existing shareholders during the funding round. <\/p>\n

Where are the funds going? <\/strong>The funds will help Wee improve its delivery services, expand its local operations in the UAE, and introduce new service offerings.<\/p>\n

About Wee<\/strong>: Founded in 2021 by Anastasia Kim, Oleg Dashkevich, and Sergey Kolikov, Wee offers same-day delivery services in Dubai and next-day delivery across the UAE. The shopping platform boasts a wide-range of products, including cosmetics, pharma products, flowers, and F&B products. <\/p>\n

What they said:<\/strong> \u201cOur primary focus will revolve around advancing the fashion category with innovation in the UAE service of partial purchase and fitting as well as highlighting live streamings. We will also introduce new services to the super app ecosystem,\u201d CEO and cofounder Anastasia Kim said. <\/p>\n

What\u2019s next?<\/strong> The platform is mulling listing on a stock exchange in the MENA region, \u201csignaling its commitment to long-term sustainability and growth,\u201d the press release reads. Wee is also planning to introduce shopping, taxi services, and payment services to the platform aiming to \u201cdevelop an expansive ecosystem.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"

The firm will use the funding to expand its operations<\/p>\n","protected":false},"author":1,"featured_media":91433,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1548],"tags":[659,78],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-e-commerce","tag-startup-watch","wpautop","entry"],"acf":{"mongo_id":"4e73d5aa-7c83-474d-ac6d-8dd807afb940","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/2040.webp","photo_position":"above","homepage_title":"","full_issue_title":"Dubai startup Wee Marketplace bags USD 10 mn in pre-series A funding","related_issue":[91419],"teaser":"The firm will use the funding to expand its operations","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.c8827bf7-0ddf-4e00-996c-623f7dfb93b9.mp3"},"yoast_head":"\nWee Marketplace bags USD 10 mn in pre-series A funding - 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