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YallaMarket, a Dubai-based quick-commerce startup, is planning to expand within the United Arab Emirates (U.A.E), and to enter Saudi Arabia and Qatar next year, to tap the appetite for speedy and convenient grocery shopping. million it has raised in the pre-seed round to fund expansion within the U.A.E.
Byju’s said Monday it has raised $250 million in new funding from existing backers as the Indian edtech giant looks to navigate the market downturn that has forced the firm to postpone its initial public offering and cut thousands of jobs. It did not identify other backers.
The funding winter for the startup ecosystem may continue for another 12 to 18 months and the industry might have to grapple with a “lot of turmoil and volatility,” e-commerce giant Flipkart chief executive Kalyan Krishnamurthy has warned executives. This is going to be tough next year.
billion in venture funding , filed its S-1 Monday. Prior to the IPO, SoftBank’s Vision Fund holds slightly more than a one-third stake in the company. Other investors include the Canadian Pension Plan Investment Board, Fidelity, Wellington Management, and the Qatar Investment Authority, according to Crunchbase.
Payments company Checkout.com isn’t just a unicorn — it has closed a $1 billion Series D funding round. When it comes to today’s funding round, fasten your seatbelt, as the list of investors is quite long. With today’s funding round, Checkout.com will most certainly hire more people and sign new clients. Because they can.
The bank is already profitable. It posted operating profits for a fourth consecutive month, and net income currently exceeds £1.5 Starling said it plans to use the funding to expand its lending operations in the U.K., Challenger bank Starling is out raising a new £200M funding round. million per month.
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. It is not profitable yet, the startup said. The Middle East-based startup, founded by Eslam Ahmed Hussein and Pulkit Ganjoo in 2019, has raised $14.3 million to date.
Aside from Bahrain, Qatar, Turkey and the United Arab Emirates, Fenix also has a presence in Saudi Arabia, specifically with its shared and subscription scooter service. Otherwise, the company is mainly relying on profits from its core micromobility business to fund these new business lines. Image Credit: Fenix.
million non-profit organizations in the United States. The FIFA World Cup will take place in Qatar this Fall. Our experienced Development staff will ensure that your next event is primed to bring in the necessary funds that you need to support your worthy cause. Consider your Competition.
If 2021 was anything to go by, there is an abundance of both companies and investors hungry for ways to scale and speed up the process — and do it profitably. Investments in this sector are heating up, though. This is not a revolution, it is a transformation, and it is going to take time.
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