E-commerce company Souq.com is set to raise a $300m round from investors including Naspers at a $1bn valuation to support expansion.
Souq.com, a United Arab Emirates-based e-commerce company backed by media and e-commerce group Naspers, is in talks to raise a $300m funding round, according to Bloomberg.
Naspers and investment firm Tiger Global Management are set to lead the round, which would value Souq.com at $1bn. The funding would be used to support expansion efforts by the company.
Launched in 2005, Souq operates a retail site and online marketplace for third-party retailers serving the Middle East and North Africa. The company…
