DUBAI, March 24 Dubai-based Souq.com has secured
$75 million in funding from South African e-commerce firm
Naspers, the UAE online retailer said on Tuesday.
The latest investment by Naspers, which held a 36 percent
stake in Souq.com as of November 2013, brings the total money
the Dubai firm has raised to $150 million.
Souq.com will use the new funds to invest in its technology
and mobile services, it said in an emailed statement.
The company says it is the Middle East and North Africa's
largest e-commerce platform, with 6.2 million registered users
and 23 million visits per month to its website.
(Reporting by Matt Smith; Editing by Greg Mahlich)