Qatar’s leading tech startup Snoonu has acquired the Oman-based delivery platform Akeed for $10 million.
Snoonu said in a statement that the agreement to acquire Akeed will support Snoonu’s business objectives that aim to diversify and expand the company’s operations across the region.
‘This milestone is considered the first-ever achieved by a local tech startup in Qatar. It serves as a step propelling the rising company forward and bringing it closer to achieving its goal of becoming the first Qatari tech unicorn company,’ the company said.
Founded in 2019, Snoonu is a leading local delivery app, that enables users to order anything, including food, grocery, electronics, clothes, and other merchandise.
“Our acquisition of Akeed was a decision made based on the company’s stellar reputation as one of the leading food delivery platforms in our sisterly Sultanate of Oman. Akeed’s wide network of restaurants and grocery stores will enable us to establish a solid foothold in the Omani market as our initial step towards an expanded regional presence and involvement. This amazing milestone is quite exciting for us because it reinforces our efforts toward becoming Qatar’s first-ever tech unicorn. We owe it to the country and its visionary leadership to continue to seek growth around the world and to contribute towards the fulfillment of Qatar’s national vision of 2030.”
From his side, Mr. Gaurav Anil Nahar, CEO, and co-founder of Akeed said that, “We are excited about this agreement with Snoonu and we look forward to a future vision that will bring the latest in the e-commerce and logistics services industry to Oman. Akeed team is happy to be joining hands with such a successful brand from Qatar, and we believe that this deal will add more value to both markets.”