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Chinese e-commerce giant JD.com has started quietly piloting its cross-border platform Joybuy in the UK, marking its push into the European market. Why it matters: JD.com began its globalization journey early, but has struggled to secure a leading position due to a lack of strategic focus.
Global growth is among the key pillars underpinning the electric vehicle makers goals of maintaining sales momentum in 2025, chief executive Li Xiang told investors on March 14. billion) in 2024, dragging its shares on the Nasdaq down more than 4% as of market close on March 14.
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.
One Impression, an Indian influencer marketing platform that does business in markets including Indonesia, Dubai, Europe and the U.S., The Gurugram-based startup is building an Amazon-like platform to help brands quickly find relevant influencers for their marketing campaigns.
Zenda , a UAE-based startup looking to change how parents pay school bills, and the way educational institutions manage fee collection, is eyeing Africa as its next frontier for growth. Among the investors that took part in the seed round were STV, COTU Ventures, Global Founders Capital and VentureSouq.
Policybazaar has raised $75 million as the Indian online insurance platform looks to expand its presence in UAE and Middle East. In a recent report, analysts at Bernstein estimated that Policybazaar commands 90% of share in the online insurance distribution market. “India has an under-penetrated insurance market.
Micro and small businesses in emerging markets still struggle to access digital payments for several reasons. One, most of them are excluded from various payment ecosystems globally due to their size, and two, getting hardware from providers can be expensive. . Australia and Asia.
But unlike other companies marketing their services as software for drone pilots, Airspace Link is positioning itself as an infrastructure provider at the state and local level. but global expansion is the main reason we pulled the capital up. “We’re going to pour the gasoline on a few areas for expansion here in the U.S.,
We’ve had a busy few months in the Middle East and Northern Africa (MENA) building great relationships with important customers in the region and working closely with critical partners that will act as managed service providers helping us as we bring the value of AI to that market. Why DataRobot?
Venture capital firms that participated in the round include Nuwa Capital, Nordstar, Global Founders Capital, Yuj Ventures, Whiteboard Capital and VentureSouq. and Europe, it’s a different experience in emerging markets where supply isn’t sufficiently pooled together to meet Airbnb-pulled demand. That’s where Silkhaus comes in.
STV led the round, with Raed Ventures, Global Founders Capital, Upper90 and VentureSouq participating. TechCrunch gathered that Opontia has somewhat switched focus on its target market. We’re definitely going to Africa; we just are doing the biggest markets first.
MAX ) is planning to enter more markets across Africa as it races towards formalizing the continent’s transportation sector after securing $31 million in Series B funding. The latest funding round that was led by global private equity platform, Lightrock, which is making its first investment in the African mobility space.
the corporate spend space is getting increasingly competitive, with several startups clamoring to gain market share. But in the Middle East, the market is far less crowded. That has accelerated card acceptance –– with 90% card acceptance rates in the UAE and Saudi Arabia by some estimates — in the region. and the UAE.
Riiid has said it will continue to fuel its global expansion with the funding. . By leveraging this investment, we will capture broader Japanese market opportunities. This acquisition is the first step in an inorganic strategy to ultimately apply Riiid’s AI technology to the globalmarket and help more learners around the world.” .
Tabby , the Dubai-based buy now, pay later (BNPL) platform that lets users shop, pay later and earn cash from over 3,000 global brands, including Adidas, IKEA and Bloomingdale, has completed a Series B extension of $54 million. Its two main markets are Saudi Arabia and the UAE. The company has over 1.1
A growing market : Christine writes that Italy’s ban on cultivated meat could set the industry back. Daily Crunch: After raising $3M seed, global fintech platform Payday plans to secure licensing in Canada, UK by Christine Hall originally published on TechCrunch And with that, we hope you have a Google day!
“Building a global farming network of our climate-resilient vertical farms is a core mission at Infarm, which is why we’re excited to announce this latest funding round,” co-founder and CEO Erez Galonska said in a release. The company is also set to spread into more Asia-Pacific markets and the Middle East.
General Atlantic, SoftBank Vision Fund 2, Princeville Capital and sovereign wealth funds, ADQ (UAE) and Qatar Investment Authority co-led the round. . Trendyol founder Demet Suzan Mutlu said the new capital will go toward expansion within Turkey and globally. Trendyol , an e-commerce platform based in Turkey, has raised $1.5
At the same time, it has raised $35 million in a Series C funding round led by UAE-based investor Mubadala. Also participating were VNV Global, RDIF, Flashpoint Venture Capital and others. They have succeeded in going global; becoming competitive in 10 new international markets.”.
With supply chains in the automotive industry continuing to be disrupted due to Covid-19, demand has surged in the used-car market. Alpha Wave Global (which co-led the last round under its previous brand , Falcon Edge Capital) is leading this Series G, with participation from other existing investors. billion, versus $1.84
based VCs Global Founders Capital (GFC) and Goodwater Capital and UAE-based early-stage firm VentureSouq. The investment from Visa came as one of the incentives for Bloom’s participation in the global card scheme’s Fintech Fast Track Program. The plan is to scale in the country and then expand to other markets,” Ismail stated.
Recent research suggests that the e-commerce market in Saudi Arabia, UAE and Egypt account for a combined $21.4 The revenue-based financing company for e-commerce platforms, which claims to be growing 300% quarter over quarter, also mentioned that it has partnered with tens of clients from Egypt and UAE in six months.
The idea behind such a daring move — which appears to be a bit of a stretch considering the timeline — comes from the founders’ ambition to change an industry that has lagged behind other regions in the wider GCC, such as Saudi Arabia and the UAE, in terms of e-commerce penetration.
PayPal Ventures, the global corporate venture arm of PayPal, is one of the participating investors (this marks its first investment in the Gulf Cooperation Council (GCC) but second in the MENA region after Egyptian fintech Paymob ). Now, the economy’s structure is different for some of the markets we [Tabby] are in today.
In addition, Volopay will hire aggressively in each of its new markets. . With each region playing host to its own network providers, it is almost impossible to deliver a consistent and delightful customer experience for our global company clients operating in different parts of the world.” .
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. Qureos says it’s creating new learning and work opportunities for millions of youth.
One, startups are building solutions identical to other emerging markets, such as QuintoAndar in Latin America, Huspy in the UAE and NoBroker in India. If you look at Airbnb, Booking.com, and other global players, even QuintoAndar, they started slowly before blitzscaling. For us, we didn’t take the burning cash to grow approach.
Founder and chief executive officer Khaled Zaatarah launched VUZ, formerly 360VUZ, as a platform to bridge the gap between physical and virtual worlds by offering premium immersive content to a global audience. Zaatarah said partnership and integration with 45 telecom operators is the backbone behind the company’s global expansion.
Indian startup FreshToHome, which sells fresh fish and meat to consumers in the South Asian market and the Middle East region, has courted a new backer: Amazon. Started in 2015, FreshToHome is one of the largest players battling for a slice of the $100 billion Indian fish and meat market.
This downsizing from the Dubai-based startup adds to the long list of global cross-stage layoffs in what has been a rough month for tech employees. Others include developing its proprietary technology stack and growing its three models — where it makes $5 million in MRR — across existing and new markets, it said in a statement.
Following this growth, it is planning on expanding to Egypt and the UAE, while doubling down on Saudi Arabia, against the backdrop of $5 million pre-Series A funding it has raised, in a round led by Europe-based VC Speedinvest, which marked its debut into Saudi Arabia, and RAED Ventures, with participation from MENA focused VC firm Wamda Capital.
Koinz charges subscriptions to the brands for its engagement and feedback platform and collects commission whenever an order is made via its platform, which varies across its markets. Since launching in Egypt, Koinz has expanded to Saudi Arabia and the UAE. Like Egypt, these markets have similar dynamics and demographics.
Vadym Synegin is a Ukrainian impact entrepreneur, philanthropist and investor in fintech and crypto projects with more than 15 years’ experience as an entrepreneur in Europe and the UAE. Ukrainians have often pioneered market-leading companies and built products that positively impact society, especially in the fintech sector.
Vadym Synegin is a Ukrainian impact entrepreneur, philanthropist and investor in fintech and crypto projects with more than 15 years’ experience as an entrepreneur in Europe and the UAE. The brutal truth is that tough markets also clean up the hundreds of startups without a solid product cluttering the market.
The cash from Gogoro is an extension of a strategic partnership between the two companies, and a signal of Gogoro’s continued commitment to the Indian market. “I don’t think that one player can address the entire market. The startup is eyeing Southeast Asia, the UAE and Europe as its first potential globalmarkets.
In announcing the deal, they said: “DeFi-enabled B2B payment networks that are on chain can unlock transformative working capital efficiencies, and make financial services more fair and open, especially in developing markets like LATAM.”. We are starting to see some of the public market valuations impact private market valuations.
The company has bucked an industry-wide weakening market this year, posting an 89.3% The journey usually starts in developing countries in Latin America, Africa, and the Pacific region, and ends in Europe and the US, despite geopolitical uncertainties still the most competitive auto markets in the world.
Kikoff is hiring for 10 roles (a mix of hybrid and remote), including senior product manager, associate product manager, senior product designers, engineers and a growth marketing manager. Sellers who opt to sell their home on the market will be paired with a local Zillow Premier Agent partner. For those of you in the U.S.,
As we all know, the housing market goes through cycles. Prospective home buyers, turned off by the rate surge as well as the competitive and overheated housing markets, began to reconsider their plans, as buying was suddenly far less appealing. Low interest rates mean more purchases and refinances. Fintech for good? Weekly News.
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 billion raised in capital markets in Israel and abroad in 2019, as IPOs became an attractive exit alternative. RestAR was acquired by American giant Unity; CloudEssence was acquired by a U.S.
Ultrahuman will be selling the smart ring globally — whereas availability of the Cyborg sensor remains limited to India and the UAE, owing to regulatory considerations and also its decision to focus on markets with high rates of metabolic disorders for the product to target — so the pool of potential buyers is larger.
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. Instead, these loans were largely made up of individual contributions from the members of Faraday Future’s “Global Partners” management team of executives.
The UAE took in 46% of the total venture capital received in the Middle East and Africa in 2021, according to the country’s Ministry of Economy. In 2017, the UAE created an artificial intelligence ministry position, which it filled with H.E. TechCrunch: Is the UAE’s venture capital presence fairly new? were invested in the UAE.
Reducing global greenhouse gas emissions is an important goal, but another challenge awaits: lowering the levels of CO2 and other substances already in the atmosphere. How it would be paid for is a bit of an open question in the exact particulars, but what’s clear is a global corporate appetite for carbon offsetting.
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