JollyChic announces Series C funding

Updated 13 June 2018
0

JollyChic announces Series C funding

JollyChic, a mobile e-commerce platform serving the Middle East market, announced a Series C funding last month presumably amounting to “hundreds of millions of dollars.”

JollyChic Marketing Manager Mohammad Jabri said: “We have offices in eight countries, including a 1000-person customer service and operations team in the Middle East to provide 24/7 response services. Today, we are 3,500 employees worldwide and are aiming to form one of the best global teams to further serve our customers.”

Jabri said that the Series C funding will help JollyChic to continue to enhance its customer experience and optimize its multi-faceted services. 

“For example, we will further introduce product categories such as fast-moving consumer goods and integrate our supply chain globally. This means that our customers in the Middle East will be able to buy quality products, faster and easier,” he added.

JollyChic has offices in Saudi Arabia, the UAE, Jordan, Turkey, the US and China. “We have an international young team with an average age of 27, all committed to providing high quality and great service,” Jabri said.

Jollychic offers a wide range of products, including consumer goods, apparel, electronics, home goods, shoes and bags, baby products and others. The website offers global brands as well as independent designers. 

Sales have grown rapidly in the past five years, and the cumulative registered users have exceeded 35 million.

“Our global suppliers are from East Asia, Europe, North America and the Middle East and also include traditional local vendors. On the one hand, we provide suppliers with advanced technologies and full services to help them increase sales quickly and easily. On the other hand, we meticulously select our global suppliers to maintain consistency and quality. We work hard to ensure that our customers find the products they need and that they can order and receive them seamlessly,” Jabri said.

Ahmed Al-Saif, 24, loves digital products and online shopping. In the past three months, he purchased his new phone, wireless keyboard, bluetooth speaker and other electronic gadgets from JollyChic. 

“I can browse the products anytime and anywhere. The best thing is that whatever I need, I can just click on the screen and it will be delivered to my home,” Al-Saif said.

JollyChic’s Series C investment was led by Sequoia Capital, a leading global investment firm. "This shows that many sharp-sighted investors are giving more importance to the Middle Eastern market. Many are also recognizing JollyChic’s strong presence and capabilities," the e-commerce giant said in a statement.

Last year, JollyChic started building overseas warehouses in markets such as Saudi Arabia to strengthen its logistics, storage and delivery services. That has provided a better customer experience as well as an easier shopping process and post-shopping services, such as an easy return policy to shoppers across the Middle East. 

“We always put user experience first. We try our best to understand our customers and figure out a workable way to improve our operations and services to give them the best shopping experience,” said Aaron Li, CEO of JollyChic.


Spain’s Provacuno aims to beef up Saudi market

Updated 43 min 59 sec ago
0

Spain’s Provacuno aims to beef up Saudi market

Abdulaziz Alaquil Jeddah: Provacuno, the inter-professional organization of the Spanish beef industry, is currently on a promotional tour across the Kingdom showcasing the benefits of their high-quality and environmentally-friendly beef production. A non-profit organization officially recognized by the Spanish government, Provacuno represents 85 percent of the Spanish beef industry.
Established in 1997, Provacuno comprises national associations representing and protecting the interests of companies involved in the production, industrial, and commercial sectors of the Spanish beef industry. Their annual meat production exceeds 650,000 tons, and they have over 110,000 farms, with industry exports amounting to 175,000 tons annually.
For the past 20 years, they have officially been recognized by the Spanish Ministry of Agriculture, Fisheries and Food, as an agro-food inter-professional organization.
Along with defending the interests of the Spanish beef industry, from production, through processing, and trading, Provacuno aims to support the internationalization process of beef companies into export markets such as Saudi Arabia. Their promotion of responsible beef consumption through research and development programs is done with the goal of enhancing the beef industry’s image through their sustainable and environmentally-friendly production processes that are in strict compliance with the European Production Model, which adheres to the most stringent of standards regarding animal welfare, hygiene control, and environmental protection. While at the same time, they are able to cater to international market demands, such as being 100 percent halal-certified for Saudi markets.
Representatives of Provacuno are currently in the Kingdom promoting their marketing campaign “What a Wonderful European Beef,” which will conclude at the Foodex Saudi 2018 in Jeddah on Thursday. During this campaign trail, they organized a presentation on Spanish beef at the residence of Ambassador of Spain to Saudi Arabia Don Alvaro Iranzo in Riyadh.
The event was attended by over 50 Saudi import and distribution agents, who sampled Provacuno’s beef prepared by Spanish Chef Fernando Del Cerro.
Provacuno considers Saudi Arabia a key target market as it is one of the largest meat-consuming nations in the world reliant on quality meat imports. In 2017, the Kingdom produced 60,000 tons of meat while consuming over 220,000 tons. Recently, Brazil (39 percent) overtook India (26 percent) as the main exporter of beef to the Kingdom.
Along with meeting with industry executives in Riyadh, Provacuno also hosted a cooking workshop at the King Abdul Aziz University (KAU) in Jeddah.