Awok Explained

Awokawik Awok
Key People:Ulugbek Yuldashev (Founder & CEO)
Num Employees:350+
Registration:Required
Commercial:Yes
Area Served:Middle East
Current Status:Closed

Awok was an e-commerce company headquartered in Dubai, UAE.[1] [2] The company used to sell items such as clothing, fashion accessories, kitchenware, home appliances, consumer electronics and beauty products.[3] [4] [5] [6] [7] Awok closed its business in the month of August 2020 due to global financial situation, as said by the company on their website, even though the company had raised $30 million in April 2019[8]

History

Awok was founded in 2013 by Ulugbek Yuldashev.[1] [9] [10] [11] The company was headquartered in Dubai, UAE.[12] [13] [14] [4]

In April 2019, the company raised $30 million in funding, the company was also planning to launch its own private label. It was reported that in June 2019, the company had stopped paying its creditors including suppliers, logistics providers as well as the staff.[15]

See also

Notes and References

  1. News: Staples. Andrew . E-tailer Awok looks to expand in the GCC. 18 November 2017. Gulf News. 12 March 2017.
  2. News: Awok.com launches in Saudi Arabia. 18 November 2017. Trade Arabia.
  3. News: AWOK.com launches its services in KSA. 18 November 2017. Arab News. 19 September 2017.
  4. News: Maceda. Cleofe. Cash is still king for majority of UAE consumers. 18 November 2017. Gulf News. 7 June 2015.
  5. News: Deulgaonkar. Parag . Awok.com rolls out its expansion plans. 20 November 2017. Arabian Business. 21 May 2017.
  6. News: Awok, the Gulf Amazon: an Arab success story. KAWA News. fr.
  7. News: Endeavor Selects 22 Entrepreneurs from Eight Countries at the 77th International Selection Panel in Dubai. Endeavor.
  8. Web site: Paracha . Zubair Naeem . 2019-04-08 . Dubai-based ecommerce platform Awok.com raises $30 million in one of the largest Series A rounds of region . 2024-07-10 . MENAbytes . en-US.
  9. News: Most Dubai shoppers turn to online retailers for frequent purchases. 18 November 2017. The National (Abu Dhabi). 14 May 2017.
  10. News: Generation Start-up: Awok founder solving a retail problem for UAE's underserved mass market . 20 November 2017. The National (Abu Dhabi). 12 August 2017.
  11. News: Day in the life: E-commerce chief committed to the task. 16 May 2015. Thenational.ae.
  12. News: AWOK.com sees triple figure sales increase since its inception in 2013. 18 November 2017. AMEinfo.com. 13 April 2015.
  13. News: 9 discount shopping sites to check out in the UAE. 18 November 2017. Gulf News.
  14. News: 75% of UAE online shoppers still prefer to pay on delivery. 18 November 2017. Arabian Business.
  15. Web site: Paracha . Zubair Naeem . 2020-09-13 . Inside the fall of Awok . 2024-07-10 . MENAbytes . en-US.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Awok".

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