Home / Knowledge / News / Apparel/Garments / Jordanian online apparel retailer attracts PE investment
Jordanian online apparel retailer attracts PE investment
May '12
MarkaVIP, a Jordanian online apparel retailer, has attracted US$ 10 million “Series B” investment from a group of investors led by Netherlands investment firm Prime Ventures.

MarkaVIP was established in November 2010 as an exclusive shopping community with a unique, invitation-only membership. It specializes in discounted clothing and offers apparels from brands like Calvin Klein, Ralph Lauren and Marc Jacobs through its website.

Al Khatib, founder and CEO of MarkaVIP, said the new investment would be utilized to further expand the company's operation and increase its market share in the region.

He informed that MarkaVIP already ships products to the GCC countries, besides serving customers from Jordan and Lebanon. He said the retail firm was planning to expand to Egypt.

With offices in Jeddah, Madrid and Los Angeles, MarkaVIP employees around 270 people at present.

Besides Prime Ventures, the US$ 10 million investment has participation from Antwerp-based Hummingbird Ventures, along with the two US-based existing investors Lumia Capital and Invus Financial Advisors.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search