Qatari eCommerce Startup Snoonu Buys Akeed

Snoonu, the tech startup from Qatar, has obtained Akeed, an Omani meals shipping system, a push release states.

This will assistance the corporation towards its objective of being a nearby tech unicorn, meaning a company value $1 billion or far more.

This will also guide Snoonu in its small business aims, like diversification and expansion of the company’s operations in the area.

Snoonu is a one particular-end-shop app, which is effective with online shopping, lifestyle, foodstuff, grocery shipping and third-celebration logistics.

The release claims the company also does operate to help develop the local tech financial state, encouraging innovation and doing the job with local online services.

“Our acquisition of Akeed was a determination built primarily based on the company’s stellar reputation as a single of the primary food stuff supply platforms in our sisterly Sultanate of Oman,” said Hamad Mubarak Al-Hajri, CEO and cofounder of Snoonu. “Akeed’s extensive community of places to eat and grocery retailers will allow us to create a good foothold in the Omani industry as our initial phase in direction of an expanded regional existence and involvement.”

And Akeed co-founder and CEO Gaurav Anil Nahar mentioned the enterprise wants to “look forward to a future eyesight that will provide the most up-to-date in the eCommerce and logistics expert services sector to Oman.”

Another Qatar firm, KARTY, has recently teamed with electronic shell out firm i2c in get to roll out a digital-first mobile wallet for Qatar, PYMNTS wrote.

Examine far more: i2C, Qatar’s KARTY Type Digital Wallet Partnership

The firms explained this “will present Visa-branded electronic cards, enabling fast, cashless P2P transactions on the Visa network.”

They said the wallet will also come with info-backed money management applications to empower users to grasp budgeting and get a lot more transparency into paying out.

KARTY will be regulated by the Qatar Central Lender Sandbox after it’s thoroughly operational. The company also gained the Qatar Science & Technological innovation Park Accelerator (QSTP) plan past yr, among the other issues, the report says.