Dubai-based luxury e-commerce platform The List has raised $1.7m in investment in a seed round funding from local and international venture capital firms.
The company will use the funding to strengthen its technology development and build an entire mobile commerce ecosystem in line with its up and coming launch of mobile solutions (iOS first) which will integrate offline and online retail.
The List boasts luxury products from the world’s top boutiques in Paris, London, Milan, New York, Moscow and Tokyo, allowing physical retail stores to reach customers in the Middle East. It claims to have one of the highest average order value through its omni-channel model.
Founded in March 2016, the website was launched by Andreas Skorski, who came up with the idea of bringing unavailable brands in the Middle East to the region.
Its products range from watches to art and interior pieces. Brands on the platform include Rolex, Cartier and rising labels Off-White, Gosha Rubchinskiy and Yeezy.
The List also features rare vintage pieces from the likes of Louis Vuitton, Chanel and Hermès.
In addition, it collaborates with selected local retail partners and brands in the Middle East, providing them access to a global audience.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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