Iranian ecommerce thrives despite obstacles
When brothers Hamid and Saeed Mohammadi founded online retailer Digikala in 2007 they had capital of $20,000, an office in a small apartment in Tehran and a couple of engineers on the payroll. Now the company controls about 85 per cent of Iran’s online retail market and leads the country’s ecommerce sector – which is thriving despite formidable domestic restrictions and international over the country’s nuclear programme. The brothers own 49 per cent, with 51 per cent owned by Sarava Venture Capital, and the company is estimated to be worth ...
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