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Policybazaar has raised $75 million as the Indian online insurance platform looks to expand its presence in UAE and Middle East. Sarbvir Singh, chief executive of Policybazaar, told TechCrunch that the startup had raised $75 million, but didn’t elaborate.
The United Arabs Emirates (UAE) and Saudi Arabia became the first member states to adopt the treaty in 2018, and its implementation meant that for the first time businesses in these territories were required to file VAT returns periodically. It also generates actionable financial reports and insights for businesses. “We
Invygo, a startup operating in UAE and Saudi Arabia, has raised $10 million in its Series A funding led by MEVP as it works to scale its car rental service in the region. The Middle East-based startup, founded by Eslam Ahmed Hussein and Pulkit Ganjoo in 2019, has raised $14.3 There is Ekar, which last raised $17.5
Micro and small businesses in emerging markets still struggle to access digital payments for several reasons. based fintech Nomod allows these businesses to bypass the card terminal by providing a platform to accept card payments on their phone with no extra hardware. The company has raised $3.4
Dubai-based Zywa, a neobank for Gen Z, plans to fuel its growth in the United Arabs Emirates (U.A.E), and to kick-start its expansion to Saudi Arabia and Egypt after raising $3 million seed funding at over $30 million (110 million AED) valuation. The new funding follows the $1 million pre-seed backing it secured in February this year.
This will make our business less risky, and the reduced risk means that we can grow much faster,” said Gharaibeh. Gharaibeh founded Mylerz in November 2019 borrowing from his experience at Aramex, a UAE-based multinational logistics and fulfillment company, where he worked for 23 years with his last role being head of Africa.
E-commerce roll-up play Opontia launched in June, raising $20 million in debt and equity to acquire older, small e-commerce brands in the Middle East and Africa. Roll-up plays are generally known to secure more debt than equity when they raise mega-round deals. Manfred Meyer and Philip Johnston (co-CEOs).
As the Ubers of the world continue to scale, a smaller on-demand transportation startup has raised some funding in Germany, underscoring the opportunities that remain for startups in the space targeting specific service niches. The reason that Blacklane has managed to raise at an up round tells another side of the story, however.
VUZ , a social app that allows users to stream and experience immersive realism in extended reality (XR) and metaverse digital experiences, has raised $20 million in Series B investment. One such partner is the newly rebranded UAE-based telecom operator, e&; its VC arm, e& capital , launched a $250 million fund this week.
Recent research suggests that the e-commerce market in Saudi Arabia, UAE and Egypt account for a combined $21.4 The company, which allows e-commerce businesses to scale and grow by targeting businesses with limited bank or venture financing access, is announcing that it has raised $3.6 Wayflyer raises $150M on a $1.6B
Uolo , an Indian edtech platform that works with private K-12 schools to offer online learning programs to middle and low-income families, has raised $22.5 million in a funding round led by UAE-headquartered VC fund Winter Capital. India’s Uolo raises $22.5M
Qureos , a UAE-based edtech and remote work marketplace that is changing how people upskill and get jobs across the globe, plans to grow the uptake of its platform by 10 times this year in its race to create 100 million jobs over the next few years. As such, you learn from peers and from the best in the world,” said Epure.
More than a few funding rounds are cracking off this morning, including neat rounds from African fintech Mono , India-and-UAE-based Zeta , Emitwise raising $3.2 million , and Aurora Solar raising $250 million. With a busy funding market and a yet-busy IPO cycle, it should be yet another busy week.
MENA-based buy now, pay later startup Tabby has raised $58 million, led by Sequoia Capital India and STV, at a valuation of $660 million. The fintech has raised more than $410 million in equity and debt since its 2019 launch. . Dubai-based buy now, pay later platform tabby raises $50M at $300M valuation.
The company, founded by Manar Mahmassani, Rami Tabbara, and Ricardo Brizido in 2020, has raised $8 million in a pre-Series A round from investors like BY Ventures, MEVP, and Vivium Holdings to expand its portfolio and launch in Saudi Arabia and Egypt. The company first raised a $4 million seed round last year. with an additional 0.5%
According to Momtaz, the startup’s CEO, the food aggregation industry usually takes about 25%-30% average commission from F&B players for business to start to make sense. Because of its original business model, Koinz had to iterate several times. Since launching in Egypt, Koinz has expanded to Saudi Arabia and the UAE.
The BNPL provider has raised $104 million in total Series B funding and plans to use this extension round to expand its consumer product offering and facilitate its international expansion, it said in a statement. Its two main markets are Saudi Arabia and the UAE. The company has over 1.1
Mistral AI released a string of new models containing significant technological advances in 2024, and demonstrated rapid growth in its business, both through direct marketing of its APIs and through strategic partnerships. In June, the company raised a $640 million funding round, led by the venture capital firm General Catalyst.
On top of a $62 million round that closed last year, the company has now raised a $35 million Series C to improve shipping of temperature-sensitive drugs — including COVID-19 vaccines. . But it’s not the core of their business. So this was definitely a big change.” .
Silkhaus , a Dubai-based platform for short-term rentals coming out of stealth, has raised $7.75 At some point when I was building software for SMBs to book and manage travel globally, I saw businesses were beginning to do something different,” the chief executive said to TechCrunch over a call.
Volopay , a Singapore-based fintech startup, raised a $29 million Series A in debt and equity financing as it seeks to further expand its footprint in Asia-Pacific, the Middle East and North Africa. . To date, Volopay has raised approximately $31.4 million since its inception in 2019, which includes its $2.1 ” .
So instead of going out and raising venture capital, we decided that we were going to bootstrap because we could convince some landlords to list their homes on this platform that we had built and derisk some of their problems.”. But there’s recent activity suggesting that growth is imminent in the African proptech space.
billion from $1 billion just eight months ago as the Indian industrial business-to-business marketplace aggressively scales its offerings in many parts of the world. Hong Kong-based Ward Ferry also participated in the round, bringing its all-time raise to about $470 million.
His learnings come from experiences that span an education in electronics and telecommunications, multi-cultural professional engagements in software development and communications, a business administration student life in pretty Paris and experiments in implementing technological solutions for social challenges.
One Impression, an Indian influencer marketing platform that does business in markets including Indonesia, Dubai, Europe and the U.S., has raised $10 million in a funding round led by the South Korean gaming company Krafton. It also looks to make acquisitions in Dubai to boost its market presence.
million it has raised in the pre-seed round to fund expansion within the U.A.E. We see that the level of development of the e-grocery in the UAE is far from Russia, where express delivery services have achieved incredible success. The instant delivery service will use the $2.3
The new round takes FreshToHome’s all-time raise to over $250 million. This business is not just about technology, but also people and relationships,” said Kadavil, who before founding FreshToHome managed tech support for Support, and India operations for gaming firm Zynga. My co-founder is a fish exporter.
Higher interest rates mean far fewer purchases and refinances — and lots of business for fintechs operating in the real estate industry. This led to a boom in business for startups catering to home buyers. At the same time, as the venture market slowed dramatically and suddenly, raising capital was much harder.
The consumer fintech company is focused on helping people build credit and raised $30 million in June 2021. In June of 2021, the company raised $150 million at a $2.17 In June of 2021, the company raised $150 million at a $2.17 The B2B payments company raised $200 million at a unicorn valuation in 2021. billion valuation.
By the end of last year, the annual Israeli Tech Review 2020 showed that Israeli tech firms had raised a record $9.93 Israeli startups closed out December 2020 by raising $768 million in funding. And in 2020, Israeli companies made 121 funding deals on the Tel Aviv Stock Exchange and global capital markets, raising a total of $6.55
Invygo, a startup operating in UAE and Saudi Arabia, has raised $10 million in its Series A funding as it works to scale its car rental service in the region. The Middle East–based startup has raised $14.3 For celebrities of all stripes : Zebra Labs raises $5 million to help Chinese celebrities enter the metaverse, Rita reports.
Saudi Arabia’s Public Investment Fund already owns a majority stake in fellow EV startup Lucid Motors, and the UAE and Kuwait have even bigger sovereign funds. The bankruptcy process has helped clarify Jia’s tangled business interests. lining up a similar route to go public , and even Karma Automotive pulling down $100 million.
Execs from the two startups say the combined company will have processed over $5 billion in payments and built a network of over 500,000 connected businesses by creating B2B DeFi payment networks in both the U.S. Klarna recently raised $800 million at a $6.7 and Mexico. Today the U.S. As a result, they may have to sell.”.
For the unacquainted, Ramp is a spend management startup that last August raised $300 million at a $3.9 Other prominent players in the space include Brex, which last month announced a $300 million raise at a $12.3 Other prominent players in the space include Brex, which last month announced a $300 million raise at a $12.3
European fintech Klarna has confirmed that it has raised $800 million at a pretty hefty valuation drop. Rumors have been circulating for at least the past month that Sweden-based Klarna, best known as a “ buy now, pay later ” service provider, was seeking to raise new funds. billion valuation exactly a year ago.
The pilot will focus on deliveries to and from small businesses. Japan’s Terra Drone raised a $70 million Series B led by Mitsui Corporation. Kyte raised $200 million in asset-backed credit financing from Goldman Sachs and Ares Global Management to pay for new vehicles that will fuel the on-demand car rental startup’s expansion.
The exceptional capacity of Langoo in its local business with Riiid Tutor was the main reason for this acquisition,” said co-founder and CEO of Riiid YJ Jang. Riiid plans to shore up marketing, sales and B2B business development in Japan by setting up a Japanese unit via the acquisition. billion in 2020, increasing 22.4%
The funding is coming at a high-watermark moment for edtech — with the shift to remote learning in the last year of pandemic living highlighting the opportunity to build better tools to serve that market, and a number of startups in the category subsequently raising hundreds of millions of dollars to tackle the opportunity.
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