UAE start-up inks deals to expand online B2B marketplaces into the US, Australia

  • Date: 23-Nov-2020
  • Source: Arabian Business
  • Sector:Technology
  • Country:UAE
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UAE start-up inks deals to expand online B2B marketplaces into the US, Australia

Distichain, a UAE-based B2B e-commerce platform that provides public and private enterprises with tailor-made marketplaces, is expanding into the United States and Australia.

The start-up has agreements to set up two new marketplaces - an Australia-based one for agri products and a US-based one for the hotel industry.

While its proposed platform with 8Corners.com.au - an agribusiness marketplace to facilitate Australian farm producers to sell their goods globally and directly - will be launched this month, its partnership platform with HotelSupplyB2B.com, the marketplace by a US-based hotel venture for the hospitality industry servicing linking hotels and their suppliers, will be launched next month.

Investment Corporation of Dubai says initial focus will be on three sectors - furniture and living, food and fashion.

In an exclusive interview to Arabian Business, Haisam Jamal, co-founder and CEO of Distichain, said: “Our trade engine, our ecosystem, and our customers are all set and in October we launched our first marketplace, extrabeaute.com.

“This will be followed by many more along with two new marketplaces - www.8corners.com.au and www.hotelsupplyb2b.com - scheduled to be launched in November and December respectively,” Jamal said, adding that these three marketplaces are set to deliver 60 percent of 2021 revenue.

Jamal revealed that Distichain has also entered