Home News Abu Dhabi’s Lyve Global acquires majority stake in Shopini World

Abu Dhabi’s Lyve Global acquires majority stake in Shopini World

by Dubai Forum
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Abu Dhabi-based B2B logistics SaaS platform Lyve Global has acquired a majority stake in cross-border e-commerce logistics and solutions provider Shopini World. Shopini has operations in the UAE, US, UK, Turkey and China.

The acquisition is in line with Lyve’s $150 million acquisition strategy to expand its digital ecosystem and geographic expansion.

The acquisition combines Shopini’s e-commerce solutions and international network with operational synergies from Lyve’s technology and logistics infrastructure in the region. Shopini’s first mile and middle mile services combined with Lyve’s solutions complete the entire logistics cycle—improving Lyve’s e-commerce customers’ efficiency, execution, and customer reach.

Lyve continues to evolve, building a digital ecosystem of complete end-to-end solutions across all touchpoints – from order acquisition to order management, payment and delivery. With its cloud-based platform and services, the company currently helps global and regional brands in the e-commerce, food and beverage, grocery and healthcare industries process millions of orders each month.

Lyve’s Chief Investment Officer Nader Museitif commented on the strategic investment: “We are delighted that Shopini World has joined the Lyve ecosystem. We are determined to continue to build and expand our offerings in a way that meets our customers’ growth and digital transformation needs. Our investment strategy aims to In complementing and accelerating our organic efforts, we look forward to announcing additional partnerships in the near future.”

Rami Murad, CEO of Shopini World, said: “Our partnership with Lyve Global will definitely help us grow faster by enabling and complementing our cross-border solutions in the Middle East and internationally.”

read: Amazon backs Saudi entrepreneur to build logistics startup

DF

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