Sprii operates the Middle Easts’s №1 online multi-million shopping platform with more than 90,000 authentic products from over 3,000 global brands offered through the online shop and an app in the UAE, Kuwait and Saudi Arabia, and expanding its operations to Bahrain, Qatar and Oman.

2be.lu VC fund offers opportunity to participate in the offering of digital assets (Digital Claim Receipts) backed by proceeds from investments of 2be.lu VC fund into convertible notes of Sprii. The notes will be converted into ordinary shares in the next funding round with a 20% price discount of the purchase price of the shares payable by investors in the next round scheduled for Q4 2020.

Key highlights:

  • Growing e-commerce market in Middle East
  • Exceptional performance since company inception in 2014
  • Attracted $14.1M investments in 3 previous rounds

 

E-commerce
Technology platform

E-commerce market is a growing opportunity

The E-commerce industry in the Gulf Cooperation Council (GCC) countries is one of the most attractive growth opportunities in the world at the moment. The MENA e-commerce segment is slightly ahead of the average global growth rate and has a large room for growth.

Sprii: exceptional performance and scalable business model

Headquartered in Dubai, Sprii.com now operates a multi-million dollar business with a team of 120+ working across the globe, and is the #1 online shopping platform of choice for the mum and baby community across the Middle East. With the largest selection of authentic products and brands in its chosen verticals, Sprii is the leading trusted platform for mums to shop all their needs across a variety of categories for themselves, their little ones and their homes.

The business is operationally set up to support this positioning. It holds no stock but relies on a drop ship model from distributors and relationships with logistics providers. This automated process is based on best-in-class in-house technology. A central fulfilment centre in each country is used to consolidate shipments, and a dedicated call centre is staffed with a team that know the products, and what is important to our customers – mums.

Sprii’s competitive strength:

  • Established brand/ distributor network – this is almost impossible to replicate in short order.
  • Best in class technology including automation of all key processes and interactions with third parties.
  • The team is made up of world-class talent – when attracting talent to the region is a challenge.
  • Largest social media following in our vertical across all social media channels.
  • Extensive network of partners regionally.
  • Unique operational flexibility to respond to changes in supply and demand.

Facts about Sprii:

  • English and Arabic multi-country platform across five countries
  • Zero inventory model, with highly scalable teams
  • Over 100% YoY sales growth
  • 90,000 products from over 2,400 regional and internationally renowned brands, and growing fast
  • High margin vertical
  • Positive working capital model, with cash sales and 45 day average payment terms
  • Social Media following of over 1 million across the Middle East
  • Exclusive partner of Samsung in the region with the Sprii app pre-installed on all their devices
  • Winner of multiple awards across the Middle East including Best Online Kids Retailer by TimeOut Kids
  • Rockstar team of 120+, with best-in-class Management team experienced Advisory Board

Developed business network

Sprii is the trusted online retail partner for over 3,000 brands including both world’s largest and local brands.

 

Additional materials

Sarah Jones, Founder of Sprii.com

Interview for RAKBANK with Sarah Jones, Founder of Sprii.com, from the series SHE MEANS BUSINESS!

E-commerce market is a growing opportunity

The E-commerce industry in the Gulf Cooperation Council (GCC) countries is one of the most attractive growth opportunities in the world at the moment. The MENA e-commerce segment is slightly ahead of the average global growth rate and has a large room for growth.

Sprii: exceptional performance and scalable business model

Headquartered in Dubai, Sprii.com now operates a multi-million dollar business with a team of 120+ working across the globe, and is the #1 online shopping platform of choice for the mum and baby community across the Middle East. With the largest selection of authentic products and brands in its chosen verticals, Sprii is the leading trusted platform for mums to shop all their needs across a variety of categories for themselves, their little ones and their homes.

The business is operationally set up to support this positioning. It holds no stock but relies on a drop ship model from distributors and relationships with logistics providers. This automated process is based on best-in-class in-house technology. A central fulfilment centre in each country is used to consolidate shipments, and a dedicated call centre is staffed with a team that know the products, and what is important to our customers – mums.

Sprii’s competitive strength:

  • Established brand/ distributor network – this is almost impossible to replicate in short order.
  • Best in class technology including automation of all key processes and interactions with third parties.
  • The team is made up of world-class talent – when attracting talent to the region is a challenge.
  • Largest social media following in our vertical across all social media channels.
  • Extensive network of partners regionally.
  • Unique operational flexibility to respond to changes in supply and demand.

Facts about Sprii:

  • English and Arabic multi-country platform across five countries
  • Zero inventory model, with highly scalable teams
  • Over 100% YoY sales growth
  • 90,000 products from over 2,400 regional and internationally renowned brands, and growing fast
  • High margin vertical
  • Positive working capital model, with cash sales and 45 day average payment terms
  • Social Media following of over 1 million across the Middle East
  • Exclusive partner of Samsung in the region with the Sprii app pre-installed on all their devices
  • Winner of multiple awards across the Middle East including Best Online Kids Retailer by TimeOut Kids
  • Rockstar team of 120+, with best-in-class Management team experienced Advisory Board

Developed business network

Sprii is the trusted online retail partner for over 3,000 brands including both world’s largest and local brands.

 

Additional materials

Sarah Jones, Founder of Sprii.com

Interview for RAKBANK with Sarah Jones, Founder of Sprii.com, from the series SHE MEANS BUSINESS!

VNX offerings
Blockchain
FinTech
STREAMI / GOPAX
One of the best Korean blockchain and fintech holdings which owns Global Top-20 crypto exchange (GOPAX) and national crypto custody solution (DASK).
Min. investment
100
Underlying asset
Convertible bonds
Offering ends in 31 days
E-commerce
Technology platform
Sprii
Leading technology platform providing a shopping experience for Mums across the Middle East. Join the investment round alongside the lead investor - Luxembourg VC fund 2be.lu
Min. investment
100
Underlying asset
Convertible notes
Offering ends in 45 days
Do you want to issue digital asset on VNX Exchange?

Data and information regarding SPRII business (brand of AJ ME Holding Ltd.) (“SPRII”) provided on the website is deemed reliable but its accuracy and/or correctness has not been verified by VNX. Therefore, VNX does not make any express or implied warranty or representation as to the quality, correctness, completeness, reliability or adequacy of the data and information regarding SPRII provided on the website or its fitness for a particular purpose. Thus, VNX shall not be held liable for any error, incompleteness or inaccuracy in such data and/or information regarding SPRII. VNX shall be under no obligation to update the data and/or information on SPRII set out on the website. You hereby expressly acknowledge and accept the risks associated with any reliance on the data and information regarding SPRII provided on the website. If you wish to participate in the offering you should set up the user account on the VNX Platform (invest.vnx.io) to get access to the specific transactional documents of the offering such as the Offering Memorandum and certain other documents. You are strongly advised to carefully analyse the Offering Memorandum and other transactional documents of the offering before you decide to participate in the offering. VNX does not make investment recommendations to you. No communications from VNX, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security or other instrument to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. VNX does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with VNX, you should consult a professional adviser.