6 years ago

Boutiqaat Doubles Valuation to $500 Million with New Investment

  • Boutiqaat, a Kuwaiti beauty ecommerce startup, has doubled its valuation to $500 million after raising an undisclosed amount of investment from a Gulf-based investment firm

  • The company was previously valued at $250 million after raising $45 million from Boubyan Petrochemical Company in January 2018

  • Boubyan has sold a part of its stake to the new investor

  • With this valuation, Boutiqaat is now the most valuable technology startup in the Middle East & North Africa, alongside Property Finder.

      • ProblemRetail

      "People in Kuwait have limited access to a wide variety of beauty products."

      Solution

      "Boutiqaat provides an online platform where customers can buy a wide variety of beauty products."

      Covered on