StageAcquired | Acquired
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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).
Direct-To-Consumer Brands (Non-Food)
Startups selling their own branded products directly to consumers through owned e-commerce channels, rather than relying on department stores or big online marketplaces.
Beauty & Personal Care
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
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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Joyus provides a video commerce experience, offering short-form videos that help consumers purchase products.
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.
Everlane is an eCommerce company that offers designer-quality products. Its offerings include tops, sweaters, denim, dress, pants, shorts, active, intimates, and more. The company was founded in 2011 and is based in San Francisco, California.
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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