*Seven Rivers Capital Celebrates WEBSHOP.PARTS’ Global Expansion into the MENA Region with New Operations Office in Sharjah, United Arab Emirates*
DUBAI, United Arab Emirates, November 7, 2024 — Seven Rivers Capital is thrilled to announce a significant milestone for LEOPART GROUP, a leading player in car parts solutions and one of our portfolio companies. Under the umbrella brand WEBSHOP.PARTS, the new office for PARTS24.AE has been opened in Sharjah’s Industrial Area 4 Auto Parts Complex, in collaboration with a local distributor. This expansion marks an important step into the MENA region and other global markets.
The WEBSHOP.PARTS platform now encompasses 143 sites, with a user base of 130,000 registered members.
WEBSHOP.PARTS provides a SaaS solution that enables users to launch a personal website (platform) to sell spare parts, car accessories, insurance, and other related products and services. Tailored for both motorists and professionals, this unified platform addresses the “last mile” challenge by offering a white-label cloud solution that promotes sales and ensures the quality of spare parts.
According to Exactitude Consultancy, the global car aftermarket is projected to grow from $387.54 billion in 2022 to $510.31 billion by 2028, at an average annual growth rate of 3.5% from 2023 to 2028. With this promising outlook, LEOPART GROUP aims to expand into 11 additional countries, focusing primarily on the MENA region.
While competitors include traditional marketplaces, offline stores, and specialized online shops for automotive products, no existing platform fully matches the comprehensive services offered by WEBSHOP.PARTS.
“At Seven Rivers Capital, we are dedicated to advancing cutting-edge car parts solutions,” a company representative stated. “As shareholders in WEBSHOP.PARTS, we remain committed to driving innovation and supporting the ongoing evolution of digital SaaS/PaaS solutions for car parts.”