10 most interesting facts about German e-commerce market
The e-commerce market is one of the most profitable sectors in Germany. It belongs to the group of the most developing markets all over the world.
Dubai is the heart of the United Arab Emirates with its increasingly prosperous market of global companies and promising startups. Many can boast about their international success and noteworthy products. This market is very interesting and that's a good reason to take a closer look at it.
The topic of startups, especially those with technology-based products, is very close to me. Recently, I came across an interesting report that presented the sum of investments in startups that operate in Dubai. Interestingly, the amount increases every year. For example, 2017 recorded 84 equity deals for UAE-based tech startups. The next year it reached 110. It appears that the local market creates splendid conditions for development.
I took a closer look at the companies and startups from Dubai that are worth our attention in 2020. I selected 10 that stand out in terms of product offer, growth progression or financing. They undoubtedly deserve the recognition.
Specialization: Identity and Access Management, Blockchain
About Uqodo: The platform was developed to address the past limitations in the Identity and Access Management space. It is a digital transformation company with a unique set of products and services that enable the organization to achieve a seamless and fully digital transformation. This is possible thanks to their thorough understanding of the Identity and Access Management area.
Uqudo solves the identity dilemma by providing a platform that validates online digital transactions both of national, cross-border, cross-enterprise nature and those driven/managed/instigated by the end user.
Specialization: Advertising, Real Estate
About Property Finder: it is the UAE's leading real estate and rental marketplace dedicated to connecting consumers with their perfect property. Launched in 2007, the propertyfinder.ae domain is owned and operated by The Property Finder Group, which also owns and operates other real estate portals across the Gulf and the Middle East. Their advertisers are property professionals, such as estate agents, letting (rental) agents and new homes developers. They have the probably most popular property mobile app in the region.
Specialization: Fintech, BNPL
About Postpay: the aim of the company is to transform the existing retail status-quo by offering straightforward and accessible financial products to the customers. They offer one very simple product which allows the customer to split their online payments into four equal parts, seamlessly, without leaving their online basket. The first instalment is processed immediately, and the customer receives their products as usual. The three remaining instalments are due fortnightly (every two weeks) thereafter. Most importantly, the customer pays no interests and additional fees as long as all payments are made on time.
About Careem: it is the leading technology platform for the greater part of the Middle East. A pioneer of the region’s ride-hailing economy, Careem is expanding its services across the platform to include online payments, delivery and mass transportation. Careem’s mission is to simplify and improve the lives of people and build a lasting organization that inspires. Established in July 2012, Careem operates in more than 120 cities across 15 countries and has created over one million job opportunities in the region.
About Fetchr: Fetchr helps local merchants and global brands build, launch and grow profitable e-commerce businesses across the Middle East. Their easy-to-use app and logistics platform allows for seamless delivery, eliminating the common nuisance of annoying phone calls and forwarders asking for directions. With their patented technology, they can locate and deliver a more reliable service.
About STARZPLAY: this company allows you to watch your content anytime, anywhere on an iOS or Android device. It also supports Mac and Windows browsers, and streams via Apple TV, Chromecast, a PS4 console or directly to Samsung and LG smart TVs. The service is available on regional IPTV services and is continually adding support for numerous other gaming and smart devices. It also enables downloads for offline playback.
About Souq: It is the largest e-commerce site in the Arab world. Every month, Souq.com attracts more than 41 million visits to its catalog of more than 8.5 million unique products in 35 different categories, including, books, automotive, consumer electronics, household goods, fashion, watches, perfumes, toys, and baby products. Established in 2005, Souq.com today operates both as an award-winning retail business and an online marketplace that allows SMEs, merchants, brands and distributors to distribute their products online.
About Holidayme: this online travel portal, under the registered trademark of Traveazy DMCC, has its offices in the UAE, India and KSA. Created to be an easy-to-use platform that would enable travelers to plan & book a holiday experience completely online, HolidayMe’s innovative approach gave rise to the first of its kind holiday planning & booking engine that allows the users to customize, plan and book their entire holiday, online.
Specialization: Health Care
About Altibbi: It is the no.1 Digital Health Platform in the Arab World. The company provides the tools to access health advice via its website and apps available 24/7. Altibbi connects millions of users with licensed and certified doctors in real-time, anywhere, at any time. Altibbi customers can subscribe for an unlimited number of live consultations with doctors via their “Call Doctor” service on Android and iPhone at a monthly fee.
Specialization: International movers, home cleaning
About Service market: it is probably one of Dubai's fastest-growing startups. It is the largest portal in the UAE that connects residents with professional and licensed moving, insurance and home service companies. Customers can discover service providers, read verified reviews, book or request quotes for any service they need around the house. To this moment, they are offering over 35 different home services. They also have an Android and iOS app that allows their customers to directly book services on their phones whenever it is convenient.
As you can see, the list is impressive. Some of these companies are already well-recognized brands, while others are just entering the phase of dynamic growth. Truth be told, I have no doubt that the market in Dubai will regularly grow in strength; it is especially the case for tech startups, which are boldly moving towards becoming unicorns. Fingers crossed!
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