Online private sales burst onto the scene a few years ago in the shape of Vente Privee in Europe and, later, Gilt in the US. It’s a model we all know and love – and it’s rapidly proving a model with which emerging economies are, well, rather obsessed. I was just recently in Istanbul where you can almost throw a stone and be sure of hiting a private sales startup entrepreneur. And from there, and… → Read More
MarkaVIP, an ecommerce company that operates an eponymous private sales club in the Middle East, has landed$5 million in Series A funding led by Lumia Capital with participation from NYC-based Invus Financial Advisors. The capital will be used to boost sales and marketing efforts and to support regional expansion throughout the Gulf Cooperation Council (GCC).