Aramex Founder to Invest in Gulf Startups Following Stake Sale

  • Ghandour’s first Wamda venture fund to close at $70 million
  • Fundraising for $500 million Wamda II fund to begin next year

Fadi Ghandour, the founder of Aramex PJSC, plans to raise as much as $500 million for a second venture capital fund to invest in the burgeoning e-commerce business in the Middle East.

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