Ubuy co
| File:Ubuy Banner Image.jpg | |
| Private | |
| ISIN | 🆔 |
| Industry | E-commerce |
| Founded 📆 | April 1, 2012 |
| Founders 👔 | Dhari AlAbdulhadi Abdulwahab Al-Othman |
| Headquarters 🏙️ | Kuwait City, Kuwait |
Area served 🗺️ | Worldwide |
| Services | cross-border e-commerce |
| Revenue🤑 | US$100 million (2024) |
| Members | |
Number of employees | |
| 🌐 Website | https://www.ubuy.com |
| 📇 Address | |
| 📞 telephone | |
Ubuy co is a cross-border e-commerce platform based in Kuwait that allows customers to shop for products from international markets.[1][2][3] The company provides services in more than 180 countries and handles cross-border retail transactions, with deliveries managed by global shipping providers like FedEx and DHL Express.[4][5]
According to Daily News and Analysis newspaper Ubuy started with MENA region.[6]
History
Ubuy co was established in 2012 in Kuwait by Dhari AlAbdulhadi and Abdulwahab Al-Othman.[7][8] In 2023, the company partnered with Canadian financial technology firm Nuvei to offer more payment options globally.[9][10] Ubuy co also includes a "Buy now, pay later" service available in several GCC countries.[11][12][13] In 2023, it was reported by Navbharat Times, that Ubuy overpassed 100 mln USD in revenue.[14]
In May 2024, Ubuy opened its first warehouse in Germany to expand international shipping of European products across categories such as fashion, electronics, and home goods.[15] In October 2024, Ubuy co expanded its mobile application with French and German, increasing the total number of supported languages to 60.[12][15] That same year, the company was included in Deloitte's list of the 50 fastest-growing technology companies.[16][17]
Regulatory action and lawsuits
In May 2025, Ubuy India, together with other e-commerce platforms such as Amazon India and Flipkart, received formal notices from India's Central Consumer Protection Authority (CCPA) for listing Pakistani flags and related items. This action was taken when heightened tensions between India and Pakistan occurred after Operation Sindoor. The CCPA directed these platforms to immediately remove such products, and Ubuy India satisfied those demands.[18][19][20]
Operations
Ubuy co operates seven warehouses in different locations worldwide.[21] Through its website, customers can order products from outside their home country, with international shipping provided as part of the service.[16][22]
References
- ↑ "Budget 2026: Customs levy on personal imports halved to 10%; high-end electronic goods, apparel may see lower landed costs". The Economic Times. 2026-02-10. ISSN 0013-0389. Retrieved 2026-02-12.
- ↑ "Global site Ubuy offers free shipping up to a pound across India". The Hindu. The Hindu Bureau. 2024-09-16. ISSN 0971-751X. Retrieved 2025-05-09.
- ↑ "Ubuy now lets you order products via WhatsApp: Here's how it works". The Indian Express. 2024-12-13. Retrieved 2025-05-09.
- ↑ Report, Gulf News (2022-06-20). "Biggest discounts for your summer shopping". Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema. Retrieved 2025-05-09.
- ↑ "Ubuy Homes International Corp - Company Profile and News". Bloomberg L.P. Retrieved 2025-05-09.
- ↑ दुबे, नेहा. "Ubuy क्या है? कैसे ये अलग-अलग चीजों को एक देश से दूसरे देश में खरीदारी में मदद कर रहा है". DNA Hindi (in हिन्दी). Retrieved 2025-06-13.
- ↑ www.ETRetail.com. "Ubuy crosses $12 million revenue in India, expecting a growth of 30% in FY25 - ET Retail". ETRetail.com. Retrieved 2025-05-09.
- ↑ "بيتك يطلق خصومات على منتجات أمازون عبر UBUY". جريدة الأنباء الكويتية (in العربية). Retrieved 2025-05-09.
- ↑ "Amid USD 12 Million Revenue in India, E-Commerce Platform Ubuy Plans New Launch". Times Now. 2024-05-08. Retrieved 2025-05-09.
- ↑ "Ubuy partners with Nuvei to expand payment options worldwide". The Economic Times. 2024-01-27. ISSN 0013-0389. Retrieved 2025-06-16.
- ↑ jhaxell (2023-09-22). "Ubuy partners with Nuvei for Global Payment Solutions Growth". FinTech Global. Retrieved 2025-05-09.
- ↑ 12.0 12.1 "E-commerce firm Ubuy adds French and German, expanding app to 60 languages". The Hindu. The Hindu Bureau. 2024-10-17. ISSN 0971-751X. Retrieved 2025-05-09.
- ↑ "Ecommerce platform Ubuy selects Nuvei to accelerate its international growth". Business Insider. 2024-11-16. Retrieved 2025-05-09.
- ↑ "बिजनेस इकोसिस्टम पर Ubuy का राजस्व वृद्धि का प्रभाव". Navbharat Times (in हिन्दी). Retrieved 2025-06-16.
- ↑ 15.0 15.1 "E-commerce platform Ubuy launches first warehouse in Germany - CNBC TV18". CNBCTV18. 2024-05-10. Retrieved 2025-05-09.
- ↑ 16.0 16.1 "Fast 50 3rd edition results | Deloitte Middle East". www.deloitte.com. Retrieved 2025-05-09.
- ↑ "UbuyHoldings Inc. (UBYH) Stock Price Today". The Wall Street Journal. Retrieved 2025-05-09.
- ↑ "Indian government issues notices to online retailers for selling Pakistan flags". The Independent. Archived from the original on 2025-05-19. Retrieved 2025-06-13. Unknown parameter
|url-status=ignored (help) - ↑ "'Insensitive' and 'violation of national sentiment': Consumer affairs ministry sends notice to Amazon, Flipkart and other websites for selling Pakistani Flags and merchandise". The Times of India. 2025-05-20. ISSN 0971-8257. Retrieved 2025-06-13.
- ↑ "Centre cracks down on e-commerce sites for selling Pakistani flags, issues notices to Amazon, Flipkart and others". The Economic Times. 2025-05-14. ISSN 0013-0389. Retrieved 2025-06-13.
- ↑ "How Ubuy's Cross-Border E-Commerce Strategy Transforms Indian Retail". Free Press Journal. Retrieved 2025-05-09.
- ↑ "USA TODAY Sitemap: October 23, 2023". USA Today. Retrieved 2025-05-09.
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