Zon, a Dubai, UAE-based decentralized mobile-only e-commerce network, closed an $8m seed funding round.
The round was led by ASA Ventures and a consortium of private investors.
The company intends to use the funds to continue to develop its system.
Led by Arif Saiyad, Chief Executive Officer, Zon provides an e-commerce platform that gives consumers access to a large network of retailers across UAE and delivers orders via decentralized fulfillment process and geo-tracking technology. With the aim making every product available 24/7, across all locations in the emirates, Zon has signed up over 32,000 sellers and over 17 million SKUs registered on its platform.
The customer app is scheduled for launch in the second quarter of 2020.
FinSMEs
30/03/2020