Al Tayyar wades into $67m Wadi series A

Feb 15, 2016 • Robert Lavine

E-commerce platform Wadi.com, founded by the Rocket Internet and MTN-backed Middle East Internet Group, has secured $67m in a round led by travel firm Al Tayyar.

United Arab Emirates-based e-commerce portal Wadi.com has raised $67m in a series A round led by travel group Al Tayyar, Tech in Asia reported today.

Wadi operates an e-commerce portal covering UAE and Saudi Arabia. It was launched in 2015 by Middle East Internet Group (MEIG), a joint venture founded by e-commerce holding company Rocket Internet and telecommunications firm MTN.

The capital will be used to expand further in the Middle East and North Africa while Wadi scales operations and…

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