May 27, 2019

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HOME REGIONS Middle East › E-tailer JadoPado acquired

E-tailer JadoPado acquired

by Stuart Wilson, Tuesday 2 May 2017

Middle East e-tailer JadoPado has been acquired by a ‘large regional business’. The deal was announced in a blog post by JadoPado founder Omar Kassim. The identity of the acquirer has not been revealed.

The acquisition of Souq.com by Amazon earlier this year raised interest in the potential of e-commerce in the Middle East, with a wide range of major business now looking to position themselves for future growth opportunities.

In the blog post, Kassim wrote: “Our grand experiment is at an end after 2420 days. We’re incredibly happy to announce that JadoPado has been acquired by a large regional business. While we’d love to give you more details, we’ve been sworn to secrecy.”

“The JadoPado team will be moving into executing great new work, and this unfortunately means that we’ll be closing down the JadoPado marketplace as well as JadoPado hotcake.,” he added.

JadoPado is closing its marketplace – temporarily at least.

The blog post stated: “If you’re a seller on the JadoPado marketplace, thank you for allowing us to be of service, for trusting us with your business, and for pushing us to keep building. Your access to JadoPado hotcake will remain available until Thursday May 25th 2017.”

It continued: “If you may have payments that are due to you, please request a payout and rest assured that your funds will be remitted to you. If you are currently on a plan, your subscription will be cancelled over the next couple of days and any balance for the period left over will be refunded to you.”

Next week’s DISTREE Middle East event in Dubai features a range of presentations and workshop sessions on the future of e-commerce in the region and its impact on the consumer tech channel ecosystem.

More than 180 retail executives from 125-plus retail companies will attend, including e-tailers such as Awok, Digikala, Letstango, Souq and Whoopey, plus many more.

DISTREE Middle East 2017

We are pleased to confirm that Channel EMEA is an official Media Partner for all DISTREE events in 2017, including DISTREE Middle East. DISTREE Middle East 2017, which takes place from May 8th to 10th in Dubai, gathers together hundreds of senior executives from e-tailers, retailers, online marketplaces, distributors and vendors of consumer tech products. Thousands of pre-scheduled meetings take place between delegates during the event, accelerating consumer tech channel growth and development throughout the Middle East. This year’s event will also include a delegation of leading consumer tech retailers from Africa.

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