SOUQ takes Wing
Dubai-based online marketplace SOUQ.com has entered into a definitive agreement to purchase Wing.ae, a provider of mobile and web-based delivery solutions for businesses and consumers in the United Arab Emirates (UAE).
SOUQ.com – which was itself acquired by Amazon earlier this year – previously invested in Wing.ae and will be acquiring 100% of the company.
In a statement issued earlier this month, SOUQ.com said that Wing.ae will “continue to invest in growing its same and next day delivery service in the region, enabling greater convenience for Wing.ae’s customers, including SOUQ.com“.
Ronaldo Mouchawar, SOUQ.com CEO & Co-Founder, commented: “At SOUQ.com, our customers will remain our key focus and we will continue to deliver an exceptional online shopping experience. Fast dependable delivery is key to this, and Wing.ae provides SOUQ.com customers with more convenience for their same and next day delivery. With Amazon’s support, we are putting all our efforts in providing an ever-improving shopping experience for customers in the Middle East.”
Muzaffar Karabev, CEO and Co-Founder of WING.ae, added: “With the support of SOUQ.com, Wing will accelerate investments into our technology, infrastructure and regional coverage to provide innovative delivery solutions and to make online shopping for SOUQ.com customers and merchants even more convenient.”
