Al Maya Group acquired a majority stake in FMCG B2B marketplace Conektr

Al Maya Group acquired a majority stake in FMCG B2B marketplace Conektr

Al Maya group, Dubai-based retail and distribution group, acquired a majority stake in Conektr, a FMCG B2B2C platform.

Conektr is an e-commerce platform for fast-moving consumer goods used by over 7000 grocery stores across the UAE. Conektr allows brands, distributors, retailers, and consumers a seamless Omni-channel digital platform to buy, operate, and sell their stocks digitally.

“This partnership  helps Conektr to plug in, play and scale our company with instant access to their world class warehousing and fleet of services across GCC region,” Madhusudhanan Janakarajan, Founder and CEO of Conektr, said.

Al Maya Group was established in 1982, employs more than 5,000 employees from 30 different countries and has multiple business verticals across the FMCG Distribution of Food and Non-Food products and over 90 retail stores in the UAE & GCC including supermarkets, Borders, Paperchase and Hallmark.

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