MarkaVIP, an ecommerce company that operates an eponymous private sales club in the Middle East, has
landed $5 million in Series A funding led by
Lumia Capital with participation from NYC-based
Invus Financial Advisors. The capital will be used to boost sales and marketing efforts and to support regional expansion throughout the Gulf Cooperation Council (
GCC). MarkaVIP was founded in Jordan by CEO Ahmed Alkhatib and CTO Amer Abulaila in November 2010.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/Naul33ZA85s/
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