Jump to content

Opontia: Difference between revisions

Add links
From Wikipedia, the free encyclopedia
Browse history interactively
← Previous edit
Content deleted Content added
VisualWikitext
BattyBot (talk | contribs)
Bots
1,933,980 edits
m Removed/fixed author parameter(s) to remove article from Category:CS1 errors: generic name, performed general fixes
GreenC bot (talk | contribs)
Bots
2,555,705 edits
 
(2 intermediate revisions by 2 users not shown)
Line 1: Line 1:
{{Short description|Dubai based e-commerce company}}
{{Multiple issues|
{{Multiple issues|
{{advert|date=February 2022}}
{{advert|date=February 2022}}
Line 23: Line 24:


==History==
==History==
Opontia was co-founded by Manfred Meyer who was previously the CEO of Next Commerce, Chief Commercial Officer of [[Digikala]] in [[Iran]], and Chief Marketplace Officer of [[Lazada]].<ref>{{Cite web|date=2021-09-03|title=E-ticaret platformlarındaki başarılı markalara yatırım yaparak onları satın alan "e-ticaret roll-up" firması: Opontia|url=https://webrazzi.com/2021/09/03/e-ticaret-roll-up-firmasi-opontia/|access-date=2022-01-28|website=Webrazzi|language=tr-TR}}</ref> Philip Johnston was working in [[investment banking]] in [[Singapore]] and [[venture capital]] in [[Africa]] before joining [[McKinsey & Company]] in [[Dubai]] as a consultant working on M&A and e-commerce strategy.{{Citation needed|date=July 2022}}
Opontia was co-founded by Manfred Meyer who was previously the CEO of Next Commerce, Chief Commercial Officer of [[Digikala]] in [[Iran]], and Chief Marketplace Officer of [[Lazada]].<ref>{{Cite web|date=2021-09-03|title=E-ticaret platformlarındaki başarılı markalara yatırım yaparak onları satın alan "e-ticaret roll-up" firması: Opontia|url=https://webrazzi.com/2021/09/03/e-ticaret-roll-up-firmasi-opontia/|access-date=2022-01-28|website=Webrazzi|language=tr-TR}}</ref>


In June 2021, Opontia raised {{currency|20|USD}} million in seed round from Global Founders Capital, Presight Capital, Raed Ventures and Kingsway Capital.<ref>{{Cite web|date=2021-06-04|title=Dubai's Opontia raises $20 million seed to acquire and grow ecommerce brands in Middle East & Africa|url=https://www.menabytes.com/opontia-seed/|access-date=2022-01-28|website=MENAbytes|language=en-US}}</ref> The company announced plans for brands in [[Egypt]]ian, [[Turkey|Turkish]] and [[Nigeria]]n markets.<ref>{{Cite web|title=Opontia raises $20M to roll up e-commerce brands in Africa and the Middle East|url=https://social.techcrunch.com/2021/06/03/opontia-raises-20m-to-roll-up-e-commerce-brands-in-africa-and-the-middle-east/|access-date=2022-01-28|website=TechCrunch|language=en-US}}</ref><ref>{{Cite news|date=2021-06-07|title=Gulf-based Opontia raises $20 mln for acquisitions|language=en|work=Reuters|url=https://www.reuters.com/world/middle-east/gulf-based-opontia-raises-20-mln-fund-acquisitions-recruitment-2021-06-07/|access-date=2022-01-28}}</ref>
In June 2021, Opontia raised {{currency|20|USD}} million in seed round from Global Founders Capital, Presight Capital, Raed Ventures and Kingsway Capital.<ref>{{Cite web|date=2021-06-04|title=Dubai's Opontia raises $20 million seed to acquire and grow ecommerce brands in Middle East & Africa|url=https://www.menabytes.com/opontia-seed/|access-date=2022-01-28|website=MENAbytes|language=en-US}}</ref> The company announced plans for brands in [[Egypt]]ian, [[Turkey|Turkish]] and [[Nigeria]]n markets.<ref>{{Cite web|title=Opontia raises $20M to roll up e-commerce brands in Africa and the Middle East|url=https://techcrunch.com/2021/06/03/opontia-raises-20m-to-roll-up-e-commerce-brands-in-africa-and-the-middle-east/|access-date=2022-01-28|website=TechCrunch|language=en-US}}</ref><ref>{{Cite news|date=2021-06-07|title=Gulf-based Opontia raises $20 mln for acquisitions|language=en|work=Reuters|url=https://www.reuters.com/world/middle-east/gulf-based-opontia-raises-20-mln-fund-acquisitions-recruitment-2021-06-07/|access-date=2022-01-28}}</ref>


In July 2021, Opontia acquired 100% of Novimed, a UAE company that produces consumer medical products.<ref>{{Cite web|last=Karam|first=Mark Anthony|title=Opontia, UAE company that acquires e-commerce brands, adds NOVIMED to its portfolio|url=https://www.adsmehub.ae/en/explore/post-details/opontia-acquires-novimed|access-date=2022-01-28|website=www.adsmehub.ae|language=en}}</ref><ref>{{Cite web|date=2021-08-03|title=Opontia acquiert la marque e-commerce de matériel médical Novimed|url=https://afriqueitnews.com/startups/opontia-acquiert-marque-e-commerce-materiel-medical-novimed/|access-date=2022-01-28|website=AITN|language=fr-FR}}</ref>
In July 2021, Opontia acquired 100% of Novimed, a UAE company that produces consumer medical products.<ref>{{Cite web|last=Karam|first=Mark Anthony|title=Opontia, UAE company that acquires e-commerce brands, adds NOVIMED to its portfolio|url=https://www.adsmehub.ae/en/explore/post-details/opontia-acquires-novimed|access-date=2022-01-28|website=www.adsmehub.ae|language=en}}</ref><ref>{{Cite web|date=2021-08-03|title=Opontia acquiert la marque e-commerce de matériel médical Novimed|url=https://afriqueitnews.com/startups/opontia-acquiert-marque-e-commerce-materiel-medical-novimed/|access-date=2022-01-28|website=AITN|language=fr-FR}}</ref>
Line 31: Line 32:
In August 2021, Opontia opened a new office in [[Turkey]], then another office in October 2021 in [[Poland]].<ref>{{Cite web|date=2022-01-04|title=Opontia zainwestuje na polskim rynku ok. 100 mln zł do końca 2022 roku|url=https://inwestycje.pl/startupy/opontia-zainwestuje-na-polskim-rynku-ok-100-mln-zl-do-konca-2022-roku/|access-date=2022-01-28|website=Inwestycje.pl|language=pl-PL}}</ref><ref>{{Cite web|date=2021-10-04|title=Opontia wchodzi do Polski. Na przejęcia firm e-commerce chce wydać ponad 100 mln zł|url=https://www.bankier.pl/wiadomosc/Opontia-wchodzi-do-Polski-8199126.html|access-date=2022-01-28|website=Bankier.pl|language=pl}}</ref><ref>{{Cite web|title=Opontia wyda 100 mln zł na polskie e-sklepy. To początek jej konsolidacji e-commerce'u|url=https://www.pb.pl/opontia-ma-miliony-na-konsolidacje-e-commerce-1129287|access-date=2022-01-28|website=pb.pl|language=pl}}</ref>
In August 2021, Opontia opened a new office in [[Turkey]], then another office in October 2021 in [[Poland]].<ref>{{Cite web|date=2022-01-04|title=Opontia zainwestuje na polskim rynku ok. 100 mln zł do końca 2022 roku|url=https://inwestycje.pl/startupy/opontia-zainwestuje-na-polskim-rynku-ok-100-mln-zl-do-konca-2022-roku/|access-date=2022-01-28|website=Inwestycje.pl|language=pl-PL}}</ref><ref>{{Cite web|date=2021-10-04|title=Opontia wchodzi do Polski. Na przejęcia firm e-commerce chce wydać ponad 100 mln zł|url=https://www.bankier.pl/wiadomosc/Opontia-wchodzi-do-Polski-8199126.html|access-date=2022-01-28|website=Bankier.pl|language=pl}}</ref><ref>{{Cite web|title=Opontia wyda 100 mln zł na polskie e-sklepy. To początek jej konsolidacji e-commerce'u|url=https://www.pb.pl/opontia-ma-miliony-na-konsolidacje-e-commerce-1129287|access-date=2022-01-28|website=pb.pl|language=pl}}</ref>


In December 2021, Opontia raised {{currency|42|USD}} million in [[Equity (finance)|equity]] and [[venture debt]] in a [[series A round]],<ref>{{Cite web|last=East|first=Forbes Middle|title=STV-Backed Opontia Raises $42M In Series A Round. Here's Why.|url=https://www.forbesmiddleeast.com/innovation/startups/uae-based-startup-opontia-raises-$42m-to-acquire-more-e-commerce-brands-hire-new-talent|access-date=2022-01-28|website=Forbes ME|language=en-US}}</ref><ref>{{Cite web|title=Opontia gets $42M to buy more e-commerce brands in Eastern Europe, Middle East and Africa|url=https://social.techcrunch.com/2021/12/08/opontia-gets-42m-to-buy-more-e-commerce-brands-in-eastern-europe-middle-east-and-africa/|access-date=2022-01-28|website=TechCrunch|language=en-US}}</ref> making it the only newcomer in 2021 to be featured in the [[Forbes]] Middle East's 50 Most-Funded Startups being ranked 12th.<ref>{{Cite web|last=saim|title=The Middle East's 50 Most-Funded Startups|url=https://www.forbesmiddleeast.com/lists/the-middle-easts-50-most-funded-startups/|access-date=2022-01-30|website=Forbes Lists|language=en-US}}</ref>
In December 2021, Opontia raised {{currency|42|USD}} million in [[Equity (finance)|equity]] and [[venture debt]] in a [[series A round]],<ref>{{Cite web|last=East|first=Forbes Middle|title=STV-Backed Opontia Raises $42M In Series A Round. Here's Why.|url=https://www.forbesmiddleeast.com/innovation/startups/uae-based-startup-opontia-raises-$42m-to-acquire-more-e-commerce-brands-hire-new-talent|access-date=2022-01-28|website=Forbes ME|language=en-US}}</ref><ref>{{Cite web|title=Opontia gets $42M to buy more e-commerce brands in Eastern Europe, Middle East and Africa|url=https://techcrunch.com/2021/12/08/opontia-gets-42m-to-buy-more-e-commerce-brands-in-eastern-europe-middle-east-and-africa/|access-date=2022-01-28|website=TechCrunch|language=en-US}}</ref> making it the only newcomer in 2021 to be featured in the [[Forbes]] Middle East's 50 Most-Funded Startups being ranked 12th.<ref>{{Cite web|last=saim|title=The Middle East's 50 Most-Funded Startups|url=https://www.forbesmiddleeast.com/lists/the-middle-easts-50-most-funded-startups/|access-date=2022-01-30|website=Forbes Lists|language=en-US}}</ref>


Opontia buys and grows e-commerce brands in the [[CEEMEA]] ([[Central Europe|Central]] & [[Eastern Europe]], the [[Middle East]], and [[Africa]]). It is considered one of the first companies in the Middle East to raise venture debt.<ref>{{Cite web|date=2021-11-02|title="Doğru Yatırım Stratejileri ile Küresel Pazarlara Açılmak Mümkün"|url=https://hbrturkiye.com/roportaj/dogru-yatirim-stratejileri-ile-kuresel-pazarlara-acilmak-mumkun|access-date=2022-01-28|website=hbrturkiye.com|language=tr}}</ref>
Opontia buys and grows e-commerce brands in the [[CEEMEA]] ([[Central Europe|Central]] & [[Eastern Europe]], the [[Middle East]], and [[Africa]]). It is considered one of the first companies in the Middle East to raise venture debt.<ref>{{Cite web|date=2021-11-02|title="Doğru Yatırım Stratejileri ile Küresel Pazarlara Açılmak Mümkün"|url=https://hbrturkiye.com/roportaj/dogru-yatirim-stratejileri-ile-kuresel-pazarlara-acilmak-mumkun|access-date=2022-01-28|website=hbrturkiye.com|language=tr}}</ref>

Latest revision as of 04:59, 26 July 2024

Opontia
FoundedFebruary 2021; 3 years ago (2021-02)
Founders
  • Philip Johnston
  • Manfred Meyer
HeadquartersDubai, UAE
Area served
Central & Eastern Europe, the Middle East, and Africa
Key people
  • Philip Johnston (Co-CEO)
  • Manfred Meyer (Co-CEO)
Number of employees
100+ (2021)
Websiteopontia.com

Opontia is an e-commerce company founded in February 2021 by Philip Johnston and Manfred Meyer.[1][2]

History

[edit]

Opontia was co-founded by Manfred Meyer who was previously the CEO of Next Commerce, Chief Commercial Officer of Digikala in Iran, and Chief Marketplace Officer of Lazada.[3]

In June 2021, Opontia raised US$20 million in seed round from Global Founders Capital, Presight Capital, Raed Ventures and Kingsway Capital.[4] The company announced plans for brands in Egyptian, Turkish and Nigerian markets.[5][6]

In July 2021, Opontia acquired 100% of Novimed, a UAE company that produces consumer medical products.[7][8]

In August 2021, Opontia opened a new office in Turkey, then another office in October 2021 in Poland.[9][10][11]

In December 2021, Opontia raised US$42 million in equity and venture debt in a series A round,[12][13] making it the only newcomer in 2021 to be featured in the Forbes Middle East's 50 Most-Funded Startups being ranked 12th.[14]

Opontia buys and grows e-commerce brands in the CEEMEA (Central & Eastern Europe, the Middle East, and Africa). It is considered one of the first companies in the Middle East to raise venture debt.[15]

By the end of 2021 it had signed term sheets with 15 brands[16] and concluded a partnership with Aramex.[citation needed]

See also

[edit]

References

[edit]
  1. ^ "Opontia: Enabling e-commerce brands to go global". Wamda. Retrieved 2022-01-28.
  2. ^ "مقابلة- فيليب جونستون | الشريك المؤسس والرئيس التنفيذي- OPONTIA". Now الشرق (in Arabic). Retrieved 2022-01-28.
  3. ^ "E-ticaret platformlarındaki başarılı markalara yatırım yaparak onları satın alan "e-ticaret roll-up" firması: Opontia". Webrazzi (in Turkish). 2021-09-03. Retrieved 2022-01-28.
  4. ^ "Dubai's Opontia raises $20 million seed to acquire and grow ecommerce brands in Middle East & Africa". MENAbytes. 2021-06-04. Retrieved 2022-01-28.
  5. ^ "Opontia raises $20M to roll up e-commerce brands in Africa and the Middle East". TechCrunch. Retrieved 2022-01-28.
  6. ^ "Gulf-based Opontia raises $20 mln for acquisitions". Reuters. 2021-06-07. Retrieved 2022-01-28.
  7. ^ Karam, Mark Anthony. "Opontia, UAE company that acquires e-commerce brands, adds NOVIMED to its portfolio". www.adsmehub.ae. Retrieved 2022-01-28.
  8. ^ "Opontia acquiert la marque e-commerce de matériel médical Novimed". AITN (in French). 2021-08-03. Retrieved 2022-01-28.
  9. ^ "Opontia zainwestuje na polskim rynku ok. 100 mln zł do końca 2022 roku". Inwestycje.pl (in Polish). 2022-01-04. Retrieved 2022-01-28.
  10. ^ "Opontia wchodzi do Polski. Na przejęcia firm e-commerce chce wydać ponad 100 mln zł". Bankier.pl (in Polish). 2021-10-04. Retrieved 2022-01-28.
  11. ^ "Opontia wyda 100 mln zł na polskie e-sklepy. To początek jej konsolidacji e-commerce'u". pb.pl (in Polish). Retrieved 2022-01-28.
  12. ^ East, Forbes Middle. "STV-Backed Opontia Raises $42M In Series A Round. Here's Why". Forbes ME. Retrieved 2022-01-28.
  13. ^ "Opontia gets $42M to buy more e-commerce brands in Eastern Europe, Middle East and Africa". TechCrunch. Retrieved 2022-01-28.
  14. ^ saim. "The Middle East's 50 Most-Funded Startups". Forbes Lists. Retrieved 2022-01-30.
  15. ^ ""Doğru Yatırım Stratejileri ile Küresel Pazarlara Açılmak Mümkün"". hbrturkiye.com (in Turkish). 2021-11-02. Retrieved 2022-01-28.
  16. ^ "Dubai's Opontia plans expansion after securing $42m funding". Arabian Business. 2021-12-17. Retrieved 2022-01-28.
[edit]
Retrieved from "https://en.wikipedia.org/enwiki/w/index.php?title=Opontia&oldid=1236711461"