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Dubai-based dropshipping platform raises $3.6m
4Partners, a Dubai-based dropshipping service provider, announced Thursday it raised US$3.6 million in funding to facilitate its expansion into the UAE ecommerce sector and across the region.
This investment comes as the Middle East and North Africa ecommerce market is projected to reach US$50 billion by 2025.
4Partners provides a platform tailored for businesses of all sizes, designed to streamline the establishment of online stores via advanced logistics and cloud-based IT infrastructure.
The company’s dropshipping model allows entrepreneurs to access millions of products without the need for bulk purchasing or inventory management.
The dropshipping segment, in particular, is anticipated to exhibit a compound annual growth rate of 17.9% from 2024 to 2030.
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