MEVP In­vests in Wego

Arabnet - The Quarterly - - Industry Stories -

Dubai-based VC firm MEVP in­vested in Wego, an on­line travel com­pany in the Mid­dle East, in ex­change for eq­uity own­er­ship, in Septem­ber. The an­nounce­ment fol­lowed to MBC Group’s in­vest­ment and strate­gic part­ner­ship with the com­pany in July. Founded in 2005 in Sin­ga­pore, Wego is cur­rently dual-head­quar­tered in Dubai and Sin­ga­pore. It presents an un­bi­ased com­par­i­son of all travel prod­ucts and prices of­fered in the mar­ket­place by mer­chants, both lo­cal and global, and en­ables shop­pers to quickly find the best deal and place to book whether from an air­line or ho­tel di­rect, or with a third party ag­gre­ga­tor web­site. Wego records over 10M monthly vis­its by col­lab­o­rat­ing with over 700 lo­cal and global air­lines, ho­tels, and on­line travel agents.

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