Soum
On a mission to reimagine recommerce in the MENA region and beyond, building the most convenient, trustworthy, and transparent recommerce marketplace in the region.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor investor investor investor | €0.0 | round | |
* | $18.0m | Series A | |
| Total Funding | 000k | ||
| USD | 2022 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
Related Content
Soum.sa is a dynamic startup that operates a trusted online platform for buying and selling used mobile phones and electronics in Saudi Arabia. The company caters to a wide range of clients, including individual consumers looking for affordable, high-quality devices and sellers aiming to get the best value for their used electronics. Soum.sa stands out in the market by offering a seamless and secure transaction process, ensuring both buyers and sellers have a hassle-free experience.
The business model of Soum.sa is straightforward yet effective. Sellers list their used devices on the platform, setting their own prices. Once a device is sold, the seller ships it for free to the buyer using a selected shipping carrier. The platform ensures the device is verified before the payment is securely transferred to the seller. This model not only guarantees the quality of the products but also builds trust among users.
Soum.sa generates revenue through transaction fees and possibly through premium listing options, where sellers can pay to have their items featured more prominently on the platform. The company may also earn from partnerships with shipping carriers and other service providers.
The market for used electronics is growing, driven by consumers' increasing demand for affordable yet high-quality devices. Soum.sa taps into this market by offering significant savings on popular electronics like iPads, monitors, and smartwatches. The platform's commitment to quality and secure transactions makes it a preferred choice for many in Saudi Arabia.
In summary, Soum.sa is revolutionizing the used electronics market in Saudi Arabia by providing a reliable, secure, and user-friendly platform for buying and selling devices. The company's focus on quality assurance, diverse payment methods, and free shipping makes it a standout player in this niche market.
Keywords: used electronics, mobile phones, Saudi Arabia, online platform, secure transactions, free shipping, quality assurance, affordable prices, user-friendly, trusted marketplace.