2019 will be ‘year of exits’ according to Fadi Ghandour
Priya Wadhwa
10X Industry

2019 will be ‘year of exits’ according to Fadi Ghandour

Exciting time to be in the startup space.

2018 saw an increase in funding of Middle Eastern start-ups. Yet according to Fadi Ghandour, the Executive Chairman of Wamda Capital, 2019 will be a ‘year of exits’. He predicts that while many of the exits will be by small start-ups and SMEs, there will be some big ones too. This will naturally see investors seeing a large return on their investment, encouraging others to invest in the region.

Amazon acquired Souq, and more recently, General Atlantic invested $120 million in Property finder. Looking at this, Ghandour argues that the trend will see western funds concentrate their investment in size and scale. Commenting on e-commerce, Ghandour said that the space will see traditional retailers such as Majid Al Futtaim acquire smaller companies. He also added that the Careem-Uber merger will remain a possibility in 2019 and the strong competition between Noon and Souq will see customer service improvement in the e-commerce sector.

Read more about his point of view here.