Language

         

 Advertising by Adpathway

Abu Dhabi-Based Lyve Global Buys A Majority Stake In Shopini World As A Part Of Its US$150 Million Acquisition Strategy

1 year ago 116

PROTECT YOUR DNA WITH QUANTUM TECHNOLOGY

Orgo-Life the new way to the future

  Advertising by Adpathway

Home Abu Dhabi-Based Lyve Global Buys A Majority Stake In Shopini World As A Part Of Its US$150 Million Acquisition Strategy

You’re reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

Abu Dhabi-based B2B logistics SaaS platform Lyve Global has acquired a majority stake in Shopini World, a cross-border e-commerce logistics and solutions provider with operational presence in the UAE, USA, UK, Turkey, and China.

Lyve Global

The deal is a part of Lyve Global’s plan to invest US$150 million in high quality acquisitions over the next two years in order to broaden its global portfolio and expand market reach.

The acquisition is expected to bring together operational synergies between Shopini’s e-commerce solutions and international network and Lyve’s technology and logistics infrastructure in the MENA region.

Nader Museitif, Chief Investment Officer at Lyve, said that combining Shopini’s first- and middle-mile services with Lyve’s solutions completes the entire logistics cycle, driving efficiencies, and greatly enhancing execution capabilities and customer reach for Lyve’s e-commerce clients.

Achieving such results, Museitif added, requires continuous investments in Lyve Global’s talent base, technology, and coverage. “It’s a balancing game, and we are in a perpetual exercise to balance the market opportunity, basically demand, with the allocation of limited resources,” Museitif said. “If done well, that exercise should yield growing sales with healthy economics. You spot a market need, you build a solution for it, and you make sure you end up with more money than what you started with after the sale.”

Since launching in 2016, Lyve Global has been empowering businesses to digitize their customers’ journey from order to payment to delivery. Today, the market need that Lyve Global fulfills is in helping businesses to establish a strong omni-channel presence and offer a seamless customer experience- all of which has proved important as digitization continues to disrupt the e-commerce landscape, especially in the MENA region.

“We’re determined to continue building and expanding our offering in a way that meets our customers growth and digital transformation needs,” Museitif added. “Our investment strategy is designed to complement and accelerate our organic efforts and we are looking forward to announcing more partnerships in the near future.”

Related: UAE-Based Lyve Global Launches Podcast Focused On Logistics, E-Commerce, And Business Strategy

You May Also Like

Why Netflix Stock Has Held Up Through The Recent Sell Off

Why Netflix Stock Has Held Up Through The Recent Sell Off

The Netflix logo is seen at the Netflix Tudum Theater in Los…

6 Takeaways From Milwaukee Bucks 2022 Media Day

6 Takeaways From Milwaukee Bucks 2022 Media Day

MILWAUKEE, WISCONSIN – SEPTEMBER 25: Giannis Antetokounmpo #34 of the Milwaukee Bucks…

Biden’s Student-Loan Forgiveness Plan Could Cost $400 Billion, CBO Says

Biden’s Student-Loan Forgiveness Plan Could Cost $400 Billion, CBO Says

President Biden’s plan to cancel student debt for some borrowers will cost…

1 Year After U.S. Leaves Afghanistan, Taliban-Linked Terrorist Organization Runs Nation’s Airports

Turkey and Qatar had plans to take control of three major Afghan…

 Maverick’ Passes $710 Million

Friday Box Office: ‘The Woman King’ Holds As ‘Top Gun: Maverick’ Passes $710 Million

‘The Woman King’ Ilze Kitshoff In holdover news for Friday, Sony’s The…

Beyond Meat’s Chief Supply Chain Officer to Leave Company

Beyond Meat’s Chief Supply Chain Officer to Leave Company

Sept. 23, 2022 6:37 pm ET Listen to article (2 minutes) Beyond…

AMC Announces ‘Interview With The Vampire’ Season 2 At Summit

AMC Announces ‘Interview With The Vampire’ Season 2 At Summit

SAN DIEGO, CALIFORNIA – JULY 23: (L-R) Eric Bogosian, Bailey Bass, Sam…

Surprises, COVID Challenges, And A Less Carbon-Intensive Approach

Surprises, COVID Challenges, And A Less Carbon-Intensive Approach

In this companion piece to the “peek behind the scenes” of how…

Russia’s Annexation Of Ukrainian Regions Would Sever Diplomatic Negotiations With Putin, Zelensky Says

Russia’s Annexation Of Ukrainian Regions Would Sever Diplomatic Negotiations With Putin, Zelensky Says

Topline As Russia continues to hold referendums across occupied territories of Ukraine…

What To Expect From Adobe Stock?

Adobe Stock Lost 23% In One Week, What’s Next?

CHINA – 2022/07/25: In this photo illustration, the American multinational computer multimedia…

7 Ways to Become Smarter Every Week

7 Ways to Become Smarter Every Week

Opinions expressed by Entrepreneur contributors are their own. To be successful in…

 Dechra Pharmaceuticals boss Ian Page still gets by on £2million a year

CITY WHISPERS: Outspoken Dechra boss Ian Page takes £1m pay hit

CITY WHISPERS: Dechra boss Ian Page pockets almost £1m less in pay…

Read Entire Article

         

        

HOW TO FIGHT BACK WITH THE 5G  

Protect your whole family with Quantum Orgo-Life® devices

  Advertising by Adpathway