Opontia, e-commerce brands acquirer sews out $20m to secure other brands

Gulf-based E-commerce brands hunter, Opontia, has landed $20 million in seed round for the acquisition of new brands and the recruitment experts.
The seed round was led by Raed Ventures, Global Founders Capital, Presight Capital and Kingsway Capital.
The company operating in Dubai and Riyadh will use the funds to acquire e-commerce brands and to invest in a team of e-commerce experts in the Middle East and Africa who will be responsible for managing and growing brands after acquisition.
It now plans to open in Turkey, Egypt and Nigeria.

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