Just as Jabbar group rolls out their Souq.com Egypt portal, excitement starts to build up for their new prodigal child, Sukar.com, which is “the first of its kind online private sales club” according to its creators.
The Dubai based portal is expected to offer its members up to 70% off on exclusive top designer brands, while shoppers can get a membership only if invited by existing members.
Founder Saygin Yalcin has managed to get it initial funding in the realm of $5 million USD, making Jabbar Group its majority owner and at the same time providing the well established infrastructure that they have developed over the years in the payment, delivery and marketing domains of the web industry.
Sukar.com‘ will be cashing in on the region’s notorious high-end commodities market, currently under-served by other companies in the region, most worthy of mentioning would be Souq.com also a member of Jabbar Group. Which bids the question, how will Souq make up for the lost market share to Sukar?
A launching event has been scheduled for the end of this month, look for TheNextWeb Middle East’s coverage of it for a sneak peek of the region’s most exclusive club.