Magaza
closedA mobile-first e-commerce platform, serving as a lifestyle destination for thoughtfully curated global products.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
$75.7k | Seed | ||
| Total Funding | 000k | ||
| USD | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | - | - | 78 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Magaza was an e-commerce platform focused on providing handcrafted and locally made products. Founded in 2016 and headquartered in Doha, Qatar, the company aimed to create an improved online shopping experience that addressed common issues in delivery, payment, and communication for its customers. For sellers, Magaza offered a flexible platform designed to facilitate product showcasing, sales, and inventory management, thereby enabling small businesses to grow and reach their full potential. The business operated in the internet retail sector, connecting consumers with unique, artisanal goods.
The company's journey included securing a Seed Round of $235,000 on July 1, 2017, which supported its initial growth and platform development. Following this, Magaza participated in an accelerator/incubator program on March 22, 2018, to further refine its business model and expand its market presence. Despite these efforts and achieving revenue-generating status, the company eventually ceased operations, as indicated by its "Out of Business" status effective February 24, 2021. The platform was designed to be a comprehensive solution for both buyers seeking quality, non-mass-produced items and sellers in need of robust e-commerce tools.
The founding team's information is not publicly detailed, but the company's structure points to a venture-backed enterprise before it closed. The business model was centered on creating a marketplace that not only solved logistical challenges for consumers but also empowered producers of handcrafted goods with the tools and learning resources needed to effectively manage and scale their operations online. Keywords: Magaza.me, e-commerce platform, handcrafted products, local goods, online marketplace, internet retail, Doha startup, Qatar e-commerce, artisanal products, small business e-commerce, online sales platform, inventory management tools, venture-backed startup, seed funding, accelerator program, MENA e-commerce, delivery solutions, payment solutions, product showcasing, seller tools