ASA Ventures

ASA Ventures and a consortium of private investors have committed US$8 million to ZON, the first fully decentralized mobile e-commerce platform with over 32,000 sellers in its network ZON, the region's first fully decentralized mobile-only e-commerce network, has closed its seed funding round at an unprecedented US$8 million, making it the largest recorded single seed round in the UAE. The seed round was led by ASA Ventures and a consortium of private investors looking to support the disruption of the e-commerce sector in…

Mobile Application Based E-Commerce Platform to Focus on Large Number of Retail Smes Currently Unserved by Online Marketplaces ASA Ventures, a venture capital firm based in the UAE, is set to disrupt traditional e-commerce in emerging markets with the launch of ZON, the region's first fully decentralized mobile based e-commerce network. The mobile-first e-commerce venture has completed its pilot test successfully and will launch in the UAE at the start of 2020. "For the past 4 years, we have been using proprietary…