‘Walk’ receives new funding worth $ 13 million from the ‘Summit Partners’




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“WALK” receives new funding worth $ 13 million from the “Summit Partners”

Site received “WALK” Namshi and a specialist in the field of e-shopping for fashion in the Middle East, new funding from a development company stock “Partners named” Summit Partners, a value of $ 13 million.

This funding from the company “was named Partners” to support the efforts of the site to expand its operations and to gain a foothold him stronger in the Middle East, noting that the store is active in the Arab Gulf states, the UAE, Saudi Arabia, Qatar, Bahrain, Oman, and Kuwait.

The new funding will be used also in the transfer of the warehouse “walk” to a central distribution center is fully owned by the company.

The private equity firm “named Partners” regularly support and funding subsidiaries for “Rocket Internet” Rocket Internet, especially in emerging markets, where it has to pump the amount of $ 26 million on each of the “Zando” Zando, a site that cloned for “زابوس “Zappos in South Africa, and the” to Azhada the “Lazada cloned a site for” Amazon “Amazon in South East Asia.

It is noteworthy that the site “walk” had previously received some support and funding by other companies, such as “JP Morgan” JP Morga, and “Blakena the Management” Blakeney Management, and “Holzbrenk the” Holtzbrink, and others.
Summit Partners e-shopping walk



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