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Muscat – Qatar’s main tech start-up Snoonu introduced on Sunday its acquisition of Akeed, a number one Omani meals supply platform with a community of greater than 1,000 eating places and grocery shops.
The settlement to amass Akeed will shore up Snoonu’s enterprise aims that purpose to diversify and increase the corporate’s operations throughout the area, Snoonu mentioned in a press assertion.
‘This milestone is taken into account the primary ever achieved by a neighborhood tech start-up in Qatar. It serves as a step propelling the rising firm ahead and bringing it nearer to reaching its purpose of changing into the primary Qatari tech unicorn firm,’ the corporate mentioned.
The acquisition announcement was made throughout an occasion that happened final Saturday, which was attended by members from the chief administration of each firms, in addition to excessive profile delegates, distinguished stakeholders and main figures throughout the native and regional enterprise and entrepreneurship sectors.
Commenting on this partnership settlement, Hamad Mubarak al Hajri, CEO and co-founder of Snoonu, mentioned, “Our acquisition of Akeed was a choice made based mostly on the corporate’s stellar status as one of many main meals supply platforms in our sisterly Sultanate of Oman. Akeed’s huge community of eating places and grocery shops will allow us to determine a strong foothold within the Omani market as our preliminary step in the direction of an expanded regional presence and involvement.”
“This wonderful milestone is kind of thrilling for us as a result of it reinforces our efforts in the direction of changing into Qatar’s first ever tech unicorn. We owe it to the nation and its visionary management to proceed to hunt progress all over the world and to contribute in the direction of the success of Qatar’s nationwide imaginative and prescient of 2030,” he added.
From his facet, Gaurav Anil Nahar, CEO and co-founder of Akeed, mentioned, “We’re enthusiastic about this settlement with Snoonu and we look ahead to a future imaginative and prescient that can deliver the most recent within the e-commerce and logistics providers business to Oman. Akeed crew is pleased to be becoming a member of palms with such a profitable model from Qatar, and we consider that this deal will add extra worth to each markets.”
Based in 2019, Snoonu is the primary Qatari one-stop-shop software, facilitating on-line buying, way of life, meals, grocery supply, and third-party logistics providers for start-ups and SMEs in Qatar.
In November 2020, Snoonu launched its personal 24×7 on-line grocery retailer, providing a variety of domestically sourced merchandise and supporting Qatar’s retailers. The corporate goals to grow to be a frontrunner in supply providers, and the primary super-app in Qatar with plans to increase internationally.
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