MEVP Invests in Wego
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.