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Quick-commerce startup YallaMarket eyes Saudi Arabia and Qatar next year after U.A.E expansion

TechCrunch

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.

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Indian edtech giant Byju’s raises $250 million in fresh funding

TechCrunch

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.

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Flipkart chief warns startups of turmoil and funding crunch for another 12 to 18 months

TechCrunch

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.

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Compass files S-1, reveals $3.7B in revenue on net loss of $270M

TechCrunch

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.

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Checkout.com raises $1B round at $40B valuation

TechCrunch

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.

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UK challenger bank Starling raises $376M, now valued at $1.9B

TechCrunch

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.

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Invygo raises $10M to make long-term car subscription a breeze

TechCrunch

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.