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AVC MENA Marketplace 2021 Collection
Groceries, food & bev, general retail, services…
In 2020, direct-to-consumer (DTC) e-commerce growth reached 500% for some regional players.
Buyers have developed new habits. They became more digital-savvy. 8% of GCC households bought goods online (up from 2%), however the figure for developed markets (like US, China or Germany) is around 25%. The online retail boom in the GCC (and MENA) is only at its beginning.
Buyers also like to shop regionally. Cross-border shopping now accounts for two-thirds of all sales. Kearney forecasts the GCC e-commerce sector growth at 20% this year, while reaching a value of $50 billion by 2025. Very possible at this pace.
We present you AVC MENA Marketplace 2021 Collection.
200 MENA marketplaces. 12 categories. 12 countries.
Geo reach: Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Tunisia and UAE
More than a third of the reviewed startups is present in the UAE market (71), followed by Saudi Arabia (39), Egypt (34), Kuwait (17) and Jordan (12).
Markets that we see having a significant room for growth are Lebanon, Jordan, Qatar and Bahrain.
Though Groceries and Food & Bev fall under Retail, we decided to present each separately.
Fashion retail is set to grow 18% on a yearly basis. We reviewed 33 retail marketplace startups that include not only fashion (Noon, Maison du Maillot, Boutiqaat) but also baby products (Mumzworld, Baby Souk), toys (Yallatoys), pre-owned items (Cartlow, Melltoo), (Floranow, Floward), cars (CarSwitch, Seez), automotive spare parts (Odiggo, Speero), artisan produce (Sharqi Shop)…
Services is a broad term and, in our collection, it covers areas such as home services (Ajeer, Rizek), car services (Carcility, Srvme), parking (Yalla Parking), pet care (Vetwork), cleaning & laundry (JustClean, Justmop, Washmen), HR (Ogram, Passioneurs, Ureed), marketing (Keepface) and web design (Lvendr).
There are only 17 B2B marketplaces in our collection. We @ArzanVC see a huge potential in this segment. Hence our investment in Retailo. It’s a nascent sector
Globally, B2B e-commerce is expected to grow 70% by 2027. By 2025, majority of B2B transactions will happen online (80%).
And apart from B2B, there are other untapped areas: art, legal counseling, pet care, sports…
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TL;DR (too long; didn’t read)
Arzan VC's MENA Marketplace 2021 Collection presents 200 marketplaces in 12 countries of the Middle East. We split them into 12 categories. Groceries, food & beverages, general retail and services are the leading marketplace sectors. We see a great space for growth in B2B e-commerce, which is expected to grow 70% by 2027.
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So, what are your most fav marketplaces?
Hasan
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