LYVE acquires majority stake in Shopini World

LYVE acquires majority stake in Shopini World

Dubai-based B2B logistics SaaS platform Lyve Global, has acquired a majority stake in Shopini World, a cross-border e-commerce logistics and solutions provider to businesses across the Middle East and North Africa region (Mena), with operations in several overseas markets such as UK, Turkey, US and China. 

This comes as part of LYVE's broader strategy to invest $150 million in acquisitions within the next two years to expand its market reach.

Last June, LYVE also acquired Jeebly, a UAE-based last mile services provider.

Founded in 2016 by Hassan Hallas and Walid Moneims, LYVE offers end-to-end solutions across all touchpoints, from order acquisition, to order management, payment, and delivery. It claims to facilitate millions of orders every month on behalf of global and regional brands across the e-commerce, food and beverage, grocery, and healthcare industries.

It operates across the UAE, Kuwait, Oman, Saudi Arabia, the United States, India and Pakistan.

Last year, LYVE raised a $35 million Series B round, with participation from Faith Capital.

Press release

Lyve Global, an Abu Dhabi based B2B logistics SaaS platform enabling businesses to digitize their customer journey from order to payment to delivery – announces it has acquired a majority stake in Shopini World, a leading cross-border e-commerce logistics and solutions provider