Majid Al Futtaim Holding

Majid Al Futtaim Group is an Emirati holding company established in 1992 and headquartered in Dubai. The company is engaged in the ownership and operation of shopping malls, retail stores, entertainment venues, and leisure facilities across the United Arab Emirates and the broader Middle East region. It has developed a diverse portfolio that includes well-known retail brands and entertainment experiences, contributing significantly to the retail and leisure landscape in the area. By focusing on creating innovative and engaging environments, Majid Al Futtaim aims to enhance the customer experience and drive growth in the sectors it operates.

Iyad Malas

CEO

6 past transactions

Baly

Seed Round in 2022
Baly is the taxi/car booking application. Baly also provides food and grocery delivery services.

Wadi

Acquisition in 2019
Wadi International General Trading LLC operates an online marketplace, Wadi.com, which connects consumers with vendors across the Gulf Cooperation Council (GCC) region, primarily serving residents of the United Arab Emirates. The platform offers a diverse selection of products, including electronics, fashion, beauty and health items, home appliances, and automotive products. Categories available on Wadi.com encompass mobile devices, computers, clothing, accessories, and toys, among others. Established in 2015 and based in Dubai, Wadi aims to provide a seamless online shopping experience, emphasizing easy product selection, detailed reviews, and timely delivery. The company strives to make online shopping as engaging and personalized as traditional retail experiences.

Beam

Acquisition in 2018
Decentralised marketing and payments platform for the 21st century. Beam is a marketing and payments platform with over 700,000 users and 5,000 stores across three different continents. It enables a transparent, open and real-time engagement between all stakeholders in the retail value chain ranging from brands to stores. We have proven the benefits of Beam’s model at scale with over three million transactions since the inception of the platform in 2011. Utilising blockchain technology, we are now opening up the Beam Platform to a greater portion of stakeholders in the global retail ecosystem and accelerating the rate of adoption of the platform, particularly among those with limited access to affordable loyalty and payments solutions and those in areas with inadequate financial infrastructure.

Wadi

Series B in 2018
Wadi International General Trading LLC operates an online marketplace, Wadi.com, which connects consumers with vendors across the Gulf Cooperation Council (GCC) region, primarily serving residents of the United Arab Emirates. The platform offers a diverse selection of products, including electronics, fashion, beauty and health items, home appliances, and automotive products. Categories available on Wadi.com encompass mobile devices, computers, clothing, accessories, and toys, among others. Established in 2015 and based in Dubai, Wadi aims to provide a seamless online shopping experience, emphasizing easy product selection, detailed reviews, and timely delivery. The company strives to make online shopping as engaging and personalized as traditional retail experiences.

Dreamscape Immersive

Series B in 2017
Dreamscape Immersive, Inc. specializes in location-based virtual reality entertainment, offering innovative experiences that blend cinematic storytelling with the excitement of theme parks. Founded in 2016 and headquartered in Culver City, California, the company has developed a platform called Dreamscape, designed to deliver immersive narratives that can be enjoyed with family and friends. With locations in Los Angeles, Dallas, Columbus, and Dubai, Dreamscape provides audiences with access to both original content and franchised experiences, catering to a diverse range of VR enthusiasts. The company's approach aims to redefine mainstream entertainment by creating engaging and interactive environments.

Fetchr

Series B in 2017
Fetchr is a logistics and shipment service provider that aids local merchants and global brands in establishing and expanding profitable eCommerce businesses. By leveraging proprietary technology, Fetchr addresses the challenge of delivering packages in regions lacking physical addresses, particularly in emerging markets. The company employs mobile applications and GPS technology to accurately locate users, facilitating faster and more efficient deliveries. Additionally, Fetchr utilizes predictive analytics and machine learning to optimize courier operations, streamlining both domestic and international shipments. This innovative approach enables clients to easily and quickly ship goods and products worldwide.
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