GlamBox Middle East (GlamBox.ME), a Dubai-based beauty product e-commerce company which sends monthly ‘GlamBoxes’ to subscribers, has raised $1.36m seed funding from STC Ventures, the venture capital arm of Saudi Telecommunications Company, MBC Ventures, the venture capital arm of Dubai-based satellite television broadcasting company Middle East Broadcasting Center (MBC) Group, and R&R Ventures.
Shant Oknayan, founder and managing director of GlamBox.ME, said: “This will help us position GlamBox beyond just the Box. With this new funding, the idea is to carry on this subscription model, and invest more in the e-commerce side of the story.”
GlamBox.ME launched in January 2012 and has sister companies in Brazil, Denmark, and Norway, run by a network of founders.