8 years ago

MBC Group Invests $12 Million in Travel Startup Wego

  • MBC Group, a leading multimedia company in the MENA region, has invested $12 million in Wego, a travel marketplace with dual headquarters in Singapore and Dubai

  • The investment will see MBC promote Wego's website and mobile applications across its platforms

  • Wego, co-founded in 2005 by Craig Hewett and Ross Veitch, launched its travel metasearch website for MENA in April 2012

  • The company has raised $45.5 million previously, with investors including Tiger Global Management and News Corp

  • The investment marks MBC Group's first investment in a tech startup, expanding its portfolio beyond its venture arm, MBC Ventures, which has invested in multimedia startups such as Anghami, Kharabeesh, Glambox, and SuperMama.

      • ProblemTechnology

      "Finding the best travel deals can be time-consuming and confusing, with countless websites and options to sift through. Travelers often struggle to compare prices, find the best deals, and make informed decisions about their trip."

      Solution

      "Wego is a travel metasearch engine that helps travelers find the best deals on flights, hotels, and vacation packages. It compares prices from multiple airlines, hotels, and travel agencies to help users find the best value for their money. Wego offers a user-friendly interface and provides comprehensive travel information, including reviews, photos, and maps. "

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