Lyve Global, an Abu Dhabi-based B2B logistics SaaS platform enabling businesses to digitize their customer journey from order to payment to delivery, acquired a majority stake in Shopini World, an e-commerce logistics and solutions provider to businesses and consumers across MENA.
Lyve’s acquisition of a majority stake comes in line with Lyve’s strategy to invest $150m in high-quality acquisitions within the next two years to broaden its global portfolio and expand market reach. The SaaS platform had already acquired a majority stake in Jeebly, a UAE-based last-mile delivery startup, last July.
“We’re excited to have Shopini World join the Lyve ecosystem. We’re determined to continue building and expanding our offering in a way that meets our customers’ growth and digital transformation needs. 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,” Nader Museitif, Chief Investment Officer at Lyve, stated.
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