Former Yandex and Logsis managers launched Wee Market in Dubai. It works with invite-only vendors and focuses on fast delivery of non-food items. Wee has already raised $6.5 million.
Wee Marketplace launched in Dubai with founders from Russia. This was reported to RB.RU by a company representative.
The site presents more than 7 thousand products of different categories. During 2023, Wee plans to increase the range to 500,000 products.
Wee works with sellers on an invite-only model, which allows for minimal competition and high-quality products, the company said. By the end of this year, the market intends to invite no more than 500 vendors.
Wee focus on fast delivery within one hour. The market cooperates with delivery services, including Yango Delivery, and has more than 50,000 couriers at its disposal. At this stage, the delivery capacity is more than 100 thousand orders per day.
Wee was founded by Director of Strategic Development Oleg Dashkevich, Director of Innovation Development Sergey Kolikov and Wee CEO Anastasia Kim. His shares in the company are not disclosed.
In a year and a half, Wee raised $6.5 million, of which $1 million was invested by the founders at the start of the project. In February 2022, Wee closed a round for $1.4 million, in the spring of 2023, a round for $4.1 million. Funds were received from investors from the CIS countries and countries.
Plans for the next few years are to develop a market-based super app and scale across the MENA market, Wee said.
Author:
Kirill Bilyk
Source: RB
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