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Snoonu, the tech startup from Qatar, has acquired Akeed, an Omani meals supply platform, a press launch says.
It will assist the corporate in direction of its objective of being a neighborhood tech unicorn, which means an organization price $1 billion or extra.
This may even help Snoonu in its enterprise goals, together with diversification and enlargement of the corporate’s operations within the area.
Snoonu is a one-stop-shop app, which works with on-line purchasing, life-style, meals, grocery supply and third-party logistics.
The discharge says the corporate additionally does work to assist develop the native tech economic system, encouraging innovation and dealing with native on-line providers.
“Our acquisition of Akeed was a call made primarily based on the corporate’s stellar popularity as one of many main meals supply platforms in our sisterly Sultanate of Oman,” stated Hamad Mubarak Al-Hajri, CEO and cofounder of Snoonu. “Akeed’s extensive community of eating places and grocery shops will allow us to ascertain a strong foothold within the Omani market as our preliminary step in direction of an expanded regional presence and involvement.”
And Akeed co-founder and CEO Gaurav Anil Nahar stated the corporate desires to “look ahead to a future imaginative and prescient that may deliver the most recent within the eCommerce and logistics providers trade to Oman.”
One other Qatar firm, KARTY, has just lately teamed with digital pay agency i2c with the intention to roll out a digital-first cellular pockets for Qatar, PYMNTS wrote.
Learn extra: i2C, Qatar’s KARTY Type Digital Pockets Partnership
The businesses stated this “will present Visa-branded digital playing cards, enabling immediate, cashless P2P transactions on the Visa community.”
They stated the pockets may even include data-backed monetary administration instruments to empower customers to grasp budgeting and get extra transparency into spending.
KARTY might be regulated by the Qatar Central Financial institution Sandbox as soon as it’s absolutely operational. The corporate additionally gained the Qatar Science & Expertise Park Accelerator (QSTP) program final 12 months, amongst different issues, the report says.
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NEW PYMNTS DATA: THE TAILORED SHOPPING EXPERIENCE STUDY – MAY 2022
About: PYMNTS’ survey of two,094 shoppers for The Tailor-made Purchasing Expertise report, a collaboration with Elastic Path, reveals the place retailers are getting it proper and the place they should up their recreation to ship a personalized purchasing expertise.
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