Letstango.com seeks AED 17.72 mln for 16% equity stake

Monday 14 August 2017 | 10:26 CET | News
UAE-based online marketplace Letstango.com is eyeing AED 14.72 million in capital for a 16 percent equity stake in the company at a pre-money valuation of AED 77.28 million. The price-to-sales multiple is 2.6 times and investment rounds in similar early-stage companies in the region have been within the range of 3 to 5 times price-to-sales ratio. The company said it expects its total sales to grow by more than three to five times this year compared with its growth in 2016.

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Categories: Internet
Countries: United Arab Emirates
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