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GlamBox Middle East

glambox.me

Stage

Acquired | Acquired

Total Raised

$1.36M

About GlamBox Middle East

GlamBox Middle East is an online subscription service for beauty product that aims to help subscribers sort through the clutter of beauty products, find new brands, and rediscover old favorites.

Headquarters Location

Dubai,

United Arab Emirates

+971 (0)4 455 8699

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Expert Collections containing GlamBox Middle East

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

GlamBox Middle East is included in 3 Expert Collections, including Direct-To-Consumer Brands (Non-Food).

D

Direct-To-Consumer Brands (Non-Food)

1,192 items

Startups selling their own branded products directly to consumers through owned e-commerce channels, rather than relying on department stores or big online marketplaces.

E

E-Commerce

10,327 items

B

Beauty & Personal Care

2,253 items

Startups in the beauty & personal care space, including cosmetics brands, shaving startups, on-demand beauty services, salon management platforms, and more.

Latest GlamBox Middle East News

GlamBox bought by Saudi consortium

Apr 5, 2018

Regional beauty subscription e-commerce entity GlamBox Middle East has been acquired a Saudi-based consortium of investors for an undisclosed fee. The buyers’ identities have yet to be... <p><strong>GlamBox bought by Saudi consortium</strong></p> <p> Regional beauty subscription e-commerce entity GlamBox Middle East has been acquired a Saudi-based consortium of investors for an undisclosed fee. The buyers’ identities have yet to be...</p> <p><a href="https://middleeast.businesschief.com/finance/1258/GlamBox-bought-by-Saudi-consortium">https://middleeast.businesschief.com/finance/1258/GlamBox-bought-by-Saudi-consortium</a></p>      Cancel      Andrew Woods - Finance - Nov 20, 2017 Regional beauty subscription e-commerce entity GlamBox Middle East has been acquired a Saudi-based consortium of investors for an undisclosed fee. The buyers’ identities have yet to be revealed although they were previous investors in the 2012 startup launched by co-founders Shant Oknayan, Fares Akkad, Christos Mastoras and Marc Ghobriel. GlamBox – which delivers the world’s leading brands to households across the UAE and Saudi Arabia – has been the interest to a several rounds of funding including $4mn in venture capital from the likes of STC Ventures, MBC Ventures, R&R Ventures and numerous more KSA investors. The co-founders have backed the buyers’ investor group to lead the company into its next phase of growth, possessing, as it does, a wealth of experience in media, retail and hospitality. Related stories: A statement from GlamBox said: “We are proud to have successfully completed a full lifecycle of a startup in the Middle East ideation, seed funding with our own capital, building a team, market launch in the UAE, VC funding over two rounds, building a great product, scaling the business, international expansion to KSA, and finally exit via acquisition within five years. We feel that we succeeded despite tough challenges. “The buyer is a KSA consortium of investors that was an existing investor in GlamBox. Seeing the significant growth in the company, the investors expressed interest in acquiring the company. While we have been approached by numerous potential buyers in the last few years, but the current buyers made sense from many perspectives, particularly the fact that they were already involved in GlamBox.” Tags:

GlamBox Middle East Frequently Asked Questions (FAQ)

  • Where is GlamBox Middle East's headquarters?

    GlamBox Middle East's headquarters is located at Dubai.

  • What is GlamBox Middle East's latest funding round?

    GlamBox Middle East's latest funding round is Acquired.

  • How much did GlamBox Middle East raise?

    GlamBox Middle East raised a total of $1.36M.

  • Who are the investors of GlamBox Middle East?

    Investors of GlamBox Middle East include MBC Investments, STC Ventures and R&R Venture Partners.

  • Who are GlamBox Middle East's competitors?

    Competitors of GlamBox Middle East include Birchbox.

Compare GlamBox Middle East to Competitors

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Lolabox is an online service that helps consumers discover the latest beauty and lifestyle trends. The company aims to turn subscribers into beauty insiders by providing first-hand expert advice, tips and tricks. Every month, beauty experts will choose a handful of deluxe size samples based on members’ beauty profiles, place it in a Lolabox and mail it directly to their doors. A typical Lolabox includes everything from skincare to makeup but can also contain beauty accessories and cute little extras.

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Sugar Cosmetics provides cosmetic products in India. The company sells and ships makeup products, including cosmetics for eyes, lips, and face. The company also sells other accessories and prepared gift boxes. Sugar Cosmetics was founded in 2012 and is based in Mumbai, India.

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Carmine provides an e-commerce platform. The company offers a subscription program for samples of beauty and skincare products. It was founded in 2011 and is based in London, United Kingdom.

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