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Noon

noon.com

Founded Year

2016

Stage

Corporate Minority | Alive

Total Raised

$1B

About Noon

Noon offers a homegrown online marketplace. It connects its platform users to a variety of products, improved services, and start-to-end customer care. Noon's products include noon food, noon grocery, noon payments, noon VIP, and more. The company was founded in 2016 and is based in Dubai, United Arab Emirates.

Headquarters Location

Tower 2 Boulevard Plaza Sheikh Mohammed Bin Rashid Blvd

Dubai,

United Arab Emirates

971 80038888

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Expert Collections containing Noon

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

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

E

E-Commerce

10,022 items

Noon Patents

Noon has filed 27 patents.

The 3 most popular patent topics include:

  • Home automation
  • Lighting
  • Stage lighting
patents chart

Application Date

Grant Date

Title

Related Topics

Status

10/25/2018

12/13/2022

Home automation, Stage lighting, Building automation, Lighting, Building engineering

Grant

Application Date

10/25/2018

Grant Date

12/13/2022

Title

Related Topics

Home automation, Stage lighting, Building automation, Lighting, Building engineering

Status

Grant

Latest Noon News

Noon.com to raise $2bn from backers including Saudi’s PIF

Oct 4, 2021

Noon.com to raise $2bn from backers including Saudi’s PIF The investments from the Public Investment Fund and others will be used to upgrade infrastructure and help speed up deliveries October 4, 2021 Amazon.com’s Middle Eastern rival Noon.com is set to draw as much as $2bn in financing from investors including Saudi Arabia’s sovereign wealth fund over three to four years, as it seeks to capture a larger slice of the Gulf e-commerce market. The investments from the Public Investment Fund and others will be used to upgrade infrastructure and help speed up deliveries, Noon founder Mohamed Alabbar said late on Sunday. “They are happy with our progress and they are happy to fund,” he said. The Middle East has been slower to adapt to e-commerce than other regions, although lockdowns to combat the coronavirus pandemic last year have accelerated the shift to online shopping and food delivery. Alabbar said e-commerce currently accounts for 2 per cent to 2.5 per cent of total retail in the region, compared with 20 per cent to 22 per cent in the western world and China. Noon operates in the UAE, Saudi Arabia and Egypt and is looking to expand in other nations across the Middle East. “We have a long way to go,” Alabbar said. “There is a lot of room for growth and a lot of countries to cover.” Alabbar, who owns 50 per cent of Noon jointly with other regional private investors, raised $1bn from backers including the PIF, as Saudi Arabia’s sovereign wealth fund is known, to create the firm in 2016. It now has about 4 million daily users and growth is accelerating as it pushes into grocery delivery. ‘Easily Doubling’ “Traffic is growing on a monthly basis,” Alabbar said. “We’re easily doubling every year and the volume of package delivery is up almost 2.5 times.” Any new funding for Noon would come amid a wave of tech investments in the region. In June, a PIF unit led a new financing round for Jordan-based online classifieds business OpenSooq.com, which is looking to triple headcount across the Middle East. Sanabil, another unit of the wealth fund, led a $35m funding round for Dubai-based online car trader SellAnyCar.com last year. That followed a series of landmark deals including Amazon’s acquisition of e-commerce platform Souq.com and the sale of ride-hailing app Careem to Uber Technologies. Alabbar is also chairman of Dubai’s biggest developer, Emaar Properties. Tags

Noon Frequently Asked Questions (FAQ)

  • When was Noon founded?

    Noon was founded in 2016.

  • Where is Noon's headquarters?

    Noon's headquarters is located at Tower 2 Boulevard Plaza, Dubai.

  • What is Noon's latest funding round?

    Noon's latest funding round is Corporate Minority.

  • How much did Noon raise?

    Noon raised a total of $1B.

  • Who are the investors of Noon?

    Investors of Noon include Alshaya, Public Investment Fund and Mohamed Alabbar.

  • Who are Noon's competitors?

    Competitors of Noon include Souq.com.

Compare Noon to Competitors

Souq.com Logo
Souq.com

Souq.com is an Arab retail and marketplace covering Egypt, Saudi Arabia, United Arab Emirates, Jordan, and Kuwait.

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