Abu Dhabi’s Lyve Global acquires majority stake in Shopini World

Lyve Global, an Abu Dhabi based B2B logistics SaaS platform has acquired a majority stake in Shopini World, a cross-border e-commerce logistics and solutions provider. Shopini has operational presence in the UAE, USA, UK, Turkey and China.

The acquisition is in line with Lyve’s $150m acquisition strategy to expand its digital ecosystem and geographical expansion.

This acquisition brings together operational synergies with Shopini’s e-commerce solutions and international network, and Lyve’s technology and logistics infrastructure in the region. The combination of Shopini’s first and middle-mile services with Lyve’s solutions completes the entire logistics cycle – driving efficiencies and enhancing execution capabilities and customer reach for Lyve’s e-commerce clients.

Lyve continues to evolve, building a digitised ecosystem of complete, end-to-end solutions through all touchpoints – from order acquisition, to order management, payment and delivery. With its cloud-based platforms and services, the company currently helps facilitate millions of orders every month on behalf of global and regional brands across the e-commerce, food and beverage, grocery and healthcare industries.

Chief investment officer at Lyve, Nader Museitif, commented on the strategic investment: “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.”

Chief executive officer of Shopini World, Rami Murad, said: “Our partnership with Lyve Global will definitely help us grow faster by enabling and complementing our cross-borders solutions into the Middle East and internationally as well.”

Read: Amazon backs Saudi entrepreneurs to establish logistics startups