Get All Access for $5/mo

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

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

Lyve Global

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.

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

Side Hustle

The Side Hustle He Started in His College Apartment Turned Into a $70,000-a-Month Income Stream — Then Earned Nearly $2 Million Last Year

Kyle Morrand and his college roommates loved playing retro video games — and the pastime would help launch his career.

Entrepreneurs

Here Are The 20 Startups Selected For The Eighth Cohort Of The MBRIF Innovation Accelerator Program

The final participants of the year-long program were selected from over 200 applicants from across 35 countries.

News and Trends

"We Got Funded!" UAE-Based Mysafe Raises A US$4 Million Series A Round To Fuel Its Expansion

The Series A round was led by Evanox, a venture capital firm known for its strategic investments in high-growth technology companies.

Women Entrepreneur®

Here Are The Shortlisted Nominees Of The Mastercard Women SME Leaders Awards 2024

The nominees have been selected following a rigorous vetting process by the Entrepreneur Middle East team, as well as a judging committee chaired by Mastercard and industry leaders.

Starting a Business

Bridging Gaps: By Connecting Mental Health Providers In The UAE, MindForce Is Seeking To Create A More Cohesive Ecosystem For Patients

Backed by the support of the Dubai Police and Dubai Health Authority, UAE-based MindForce is working towards solving the problem of a disconnected mental health ecosystem in the UAE.