What is Markavip?
Markavip operates as an exclusive, invitation-only shopping community that provides members access to private sale campaigns featuring unique brands and styles for limited periods. The platform curates sought-after collections from premier global brands and boutiques, offering them at privileged prices due to the company's established industry connections. Membership is free and can be obtained through a request, a referral from an existing member, or a direct invitation. Founded by experienced professionals from the fashion, lifestyle products, and e-commerce industries, Markavip aims to bring its passion and expertise to fashion enthusiasts in the Middle East. The company distinguishes itself through an amazing collection of new brands, the latest fashions, and exceptional pricing, leveraging a Web 2.0 platform to enhance the shopping experience for the fashion-savvy consumer.
How much funding has Markavip raised?
Markavip has raised a total of $15M across 2 funding rounds:
Series A
$5M
Series B
$10M
Series A (2011): $5M with participation from Invus Financial Advisors and Lumia Capital
Series B (2012): $10M led by Prime Ventures, Invus Financial Advisors, Lumia Capital, and Hummingbird Ventures
Key Investors in Markavip
Prime Ventures
Prime Ventures is an investment firm supporting Europe's future technology leaders with significant capital, focusing on marketplaces, SaaS, fintech, consumer, and deeptech sectors. They partner with exceptional founders to help scale their businesses.
Invus Financial Advisors
Invus Group provides financial advice, investment services, and consulting services, founded in 1985 and headquartered in New York City.
Lumia Capital
Lumia Capital is an internationalization platform for innovators seeking global expansion, focusing on product-driven businesses in Latin America, the Middle East, and Europe, particularly in mobile technologies, cloud applications, and fintech.
What's next for Markavip?
With the recent infusion of major strategic investment, Markavip is poised for accelerated expansion. The enterprise-level funding suggests a strategic focus on scaling its market presence, enhancing its technological infrastructure, and potentially broadening its brand partnerships. This capital injection will likely enable Markavip to solidify its position as a leader in the exclusive e-commerce space, particularly within the Middle East. Future initiatives may include expanding membership reach, optimizing the user experience, and exploring new market opportunities to further capitalize on its unique business model.
See full Markavip company page
