Oman-headquartered chain of hypermarkets, retail and wholesale companies, Quality & Saving (Q&S) Center will make an investment of $500,000 in Dubai-based eCommerce startup Splyr Global.
Splyr Global, founded and led by a team of seasoned business and technology professionals who have worked at some of the top companies within their sectors, is a B2B marketplace connecting small and medium businesses with suppliers and wholesalers and produces a seamless and efficient supply chain process.
With the new investment, Splyr Global is planning to enhance its platform and introduce new features, establish a physical presence in the new markets and hire local resources. The company facilitates the procurement of goods and saves businesses the time and cost of travel to manufacturers and wholesalers and brings supplies to their store through a big network of over 208 logistic and payment partners.
Mr. Ahmed Subhi, Managing Partner at Splyr stated, “This is proof that eCommerce isn’t a threat to traditional businesses and that cooperation will lead to a bright future for both traditional and digital retail and wholesale businesses, and most importantly, the consumer. This investment will help Splyr accelerate its growth in new markets like Iraq and Saudi Arabia and other countries.”
“Q&S believes the future of retail is both online and offline, and we couldn’t be happier to invest in such an amazing team and product,” Q&S General Manager, Mr. Salah Alrawi said.
Q&S Center operates a chain of hypermarkets, retail and wholesale companies, headquartered in Oman. It operates more than eight hypermarkets and has many subsidiaries in Bahrain and Africa.