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JadoPado

jadopado.com

Stage

Acquired | Acquired

Total Raised

$4M

About JadoPado

JadoPado is an marketplace where people around the world come together to buy and sell great stuff. The platform lets users sell new, used and refurbished products directly to buyers. Sellers handle their own stores including products, offers, orders and fulfilment, while making sure everything looks great.

Headquarters Location

Dubai,

United Arab Emirates

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Expert Collections containing JadoPado

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

JadoPado is included in 1 Expert Collection, including E-Commerce.

E

E-Commerce

9,879 items

Latest JadoPado News

Hopi raises six-figure seed funding

Jun 24, 2019

Hopi raises six-figure seed funding Image courtesy of Shutterstock Hopi, a yet-to-be-launched Dubai-based direct-to-consumer subscription contact lens startup has raised seed funding from Esanjo Ventures, a trading, investment and technology firm founded by JadoPado’s Omar Kassim, the startup announced today in a statement to MENAbytes. The startup did not disclose the exact size of investment but confirmed to MENAbytes that its a six-figure (USD) deal. It is Omar’s first investment since exiting JadoPado to Noon in 2017. Founded earlier this year by Kristian Stinson and Charles Wright, Hopi had run a lead generation campaign to understand market demand in the UAE. The campaign that offered customers a discounted supply of lenses in exchange for their early-signup, per statement, secured more than 19,000 (email) subscribers in less than two weeks. This does not mean that all of them will turn into customers but it’s still a very large number that seems interested in the product. Charles Wright, co-founder of Hopi, said that the results surpassed their expectations and prompted them to seek funding rather bootstrapping the business. “Hopi’s subscription model ensures consumers can receive high-quality prescription lenses to their door, at a fraction of the cost of branded retail lenses,” said the co-founders in a statement. The startup plans to use the funding to begin shipping its own range of optical and colored lenses to customers across UAE, with deliveries expected to begin later this year. Hopi is producing lenses by partnering up with Taiwanese optics manufacturer Pegavision. Kristian Stinson, commenting on the occasion, said, “Contact lenses can be costly, so many GCC residents choose to buy them in bulk abroad rather than purchase them locally. Hopi aims to remove the barriers to buying with on-demand delivery of premium and reliable lenses to consumers across the region.”

JadoPado Frequently Asked Questions (FAQ)

  • Where is JadoPado's headquarters?

    JadoPado's headquarters is located at Dubai.

  • What is JadoPado's latest funding round?

    JadoPado's latest funding round is Acquired.

  • How much did JadoPado raise?

    JadoPado raised a total of $4M.

  • Who are the investors of JadoPado?

    Investors of JadoPado include Mohamed Alabbar and BECO Capital.

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