Wadi.com raises $67 million fund

The Middle East e-commerce platform,Wadi.com has raised $67 million in an investing round led by Saudi Al Tayyar Travel Group. The company announced that  this is the largest Series A funding in the history of tech startups in the Middle East. Wadi.com has witnessed massive growth since its launch, 10 months ago. The also claim to expand beyond Saudi Arabia and UAE after the fund.

Wadi.com was started in 2015 by a joint venture between Rocket Internet and MTN. The online retails now offers more than 150,000 products from more than 2,000 international brands, including Apple, Lacoste and others well-known brands.