Talabat - Startup to Exit

Talabat - Startup to Exit



Since Yahoo! acquired Maktoob in 2009, the long awaited MENA tech industry exit is finally here with Rocket Internet's acquisition of Kuwaiti Talabat for $170mn. The moderator will lead the panelists to share the story of founding Talabat, scaling it and the factors that led to the successful exit. The panelists will share lessons learnt, challenges they faced along the way and advice to entrepreneurs steering their companies towards exits.

Speakers


Abdulaziz Al Loughani
Vice Chairman & Executive Director, Kuwait National Fund for SMEs Development

Abdulaziz is currently the Vice Chairman & Executive Director of the Kuwait National Fund for SMEs Development which is a KD2bn independent public institution that is responsible for developing the entrepreneurial ecosystem in the State of Kuwait. Previously, he was a Director at Global Capital Management, the alternative investments arm of Global Investment House “Global” and was responsible for establishing a Venture Capital practice at Global. He has played a major role in managing key investments within the Private Equity Group of Global by handling various assignments on corporate restructuring, business planning, deal structuring, due diligence and managing portfolio companies' to exit. Abdulaziz has served as a member of board on a number of companies within the MENA region in the banking, healthcare, manufacturing, consumer finance, food & beverage and real estate sectors. Abdulaziz is also an active angel investor (mainly technology startups); He was the Managing Partner of Talabat.com until late 2010 where he managed to exit the Company. Abdulaziz is a member of the World Economic Forum Global Shapers Community - Kuwait chapter.



Mohammed Jaffar
Vice-Chairman, Danah Al Safat Foodstuff Company


Mohammed Jaffar was formerly CEO of Talabat.com an e-commerce business he acquired in 2010. Under his leadership the firm moved from a Kuwaiti domestic business to a G.C.C player in 2012. In the space of two years Talabat.com took the mantle as the market leader in its space and region. Shortly after in February 2015 Rocket Internet acquired Talabat. Rocket Internet is a German based e-commerce giant and widely viewed as the largest Internet platform outside of the U.S. and China. Talabat was purchased for 170m USD representing the largest Internet technology transaction to the date in the Arab world. Today Talabat and Mohammed Jaffar are now recognized as pioneers and key innovators of the e-commerce space in the GCC.

Mohammed is vice-chairman of Danah Al Safat Foodstuff Company, a Kuwaiti listed company holding prominent position as one of the leading companies in its field. He is also a board member of Al Safat Dhiafa Company and Azzad Trading Group Company.

Prior to Talabat Mohammed started his entrepreneurial endeavors at the brick and mortar level, establishing his own business in the F&B industry in 2008. The business continues to flourish under his families F&B portfolio.

Mohammed started his career his career in the Banking Industry and worked for four years in the Corporate Banking Division at Gulf Bank –Kuwait.

Mohammed received his education in England attending boarding school and later graduating from the University of Surrey with a BSc in Economics.

Moderator



Khalil Shadid
CEO, ReserveOu
t

Khalil Shadid is the Founder & Managing Partner of Reserveout. Prior to founding ReserveOut, Khalil worked at Cisco systems for 8 years. He graduated from North Carolina State University with a degree in Computer and Electrical Engineering and a minor in Economics.




Featured Entrepreneurs