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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. The platform also sells loans, credit cards and mutual funds. Sarbvir Singh, chief executive of Policybazaar, told TechCrunch that the startup had raised $75 million, but didn’t elaborate.
With $23 million in new backing, the company now plans to take its platform to other countries looking to get their drone industries off the ground. “Municipalities are white-labelling the Airspace Link platform and saying, ‘That’s Michigan’s system.’
The platform they’ve been using is Seed Checks. Spera raises $10 million for its identity security posture management platform, Frederic reports. Now here’s five more for you: Spot-ify the new changes : Spotify is testing out new card-style user profiles so that users can have more of a social profile on the platform, Sarah reports.
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.
One, most of them are excluded from various payment ecosystems globally due to their size, and two, getting hardware from providers can be expensive. . 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
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.
As Senior Technical Analyst at GlobalData, Beatriz Vale explains “It will be exciting to follow the evolution of the new AI CoE, in the stimulating environment offered by Hub71, and within the context of the fast-growing market of Abu Dhabi and the UAE, the second largest economy in the Arab world.” Industry Analyst Report.
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. Qureos raises $3M to grow its learn to earn platform. million seed funding it has raised.
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. Launching in more developed markets like Australia and UAE has seen Cars24 adjusting its approach based on different market factors, he added. billion, versus $1.84
The latest funding round that was led by global private equity platform, Lightrock, which is making its first investment in the African mobility space. Njoya said the startup is working towards becoming the go-to vehicle subscription and financial services platform for millions of transport operators across the continent.
As the restaurant industry across different cities was massively hit by the pandemic-induced lockdowns last year, food aggregator platforms helped by driving online customers to them. Here’s how the platform works. Since launching in Egypt, Koinz has expanded to Saudi Arabia and the UAE. Koinz is one such startup in Egypt.
Trendyol , an e-commerce platform based in Turkey, has raised $1.5 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.
Recent research suggests that the e-commerce market in Saudi Arabia, UAE and Egypt account for a combined $21.4 FlapKap , using its revenue-based financing platform (RBF), is helping these stores solve the growth-destructive challenges emerging online stores encounter when trying to meet customer demands.
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
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. The web3 platform claims to have reached over 1 billion screen views from over 10 million users since its launch.
Alpha Wave Global (formerly called Falcon Edge Capital), which led the seven-year-old startup’s previous funding , has returned alongside Tiger Global to co-lead a $250 million Series F financing round, the startup said. Moglix has more than doubled its valuation to about $2.6
Silkhaus , a Dubai-based platform for short-term rentals coming out of stealth, has raised $7.75 Venture capital firms that participated in the round include Nuwa Capital, Nordstar, Global Founders Capital, Yuj Ventures, Whiteboard Capital and VentureSouq. Businesses had traditionally always stayed in hotels.
Volopay’s platform provides startups and enterprises flexibility by issuing virtual and/or physical prepaid multicurrency corporate cards in their local currency (SGD, AUD, INR, IDR, PHP, etc) with up to 5% cashback on all card transactions. In addition, Volopay will hire aggressively in each of its new markets. .
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. This investment is coming after the startup’s undisclosed pre-seed round last year.
In 2018, he and Akintola Adesanmi — who was no stranger to how rent worked in Nigeria and also desired to effect change — brainstormed Spleet , a platform that partners with apartment owners to list their properties and offers renters options to pay rent monthly, quarterly and biannually.
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 ). Dubai-based buy now, pay later platform tabby raises $50M at $300M valuation.
The global travel and mobility industries have suffered, with several players struggling between drastic cuts, hibernation or ceasing operations. The company said that the investment is coming from existing investors German automotive giant Daimler, the UAE’s ALFAHIM Group and btov Partners.
Zypp Electric, an Indian startup that offers an EV-as-a-service platform catering to e-commerce companies and gig workers, has received a $25 million investment led by Taiwan’s battery-swapping giant Gogoro. This round included $5 million in debt from global impact fund IIX and an undisclosed national bank.
Indian fitness platform Ultrahuman is expanding its wearable portfolio by launching a smart ring to boost its ability to provide tech loving ‘biohackers’ — and, it hopes, health-concerned Boomers — with more insightful metabolic insights. “Different platforms optimize for different things.
Today, it has about 850 clients and over $4 trillion in client assets on its platform. Collective , an all-in-one back-office finance platform for the self-employed, which has raised over $28 million in funding, is hiring for five roles across engineering, marketing and member services (tax, accounting). billion valuation.
Los Angeles–based B Generous , a self-described “fintech for good” platform, has launched Donate Now, Pay Later (DNPL) , a new tool it says allows donors “to make contributions to their favorite nonprofits through a proprietary philanthropic credit product called a Point of Donation Loan (PoDL). Fintech for good? Anita Ramaswamy digs in here.
And four startups passed the $1 billion valuation just last year: mobile game developer Moon Active; Cato Networks, a cloud-based enterprise security platform; ride-hailing app developer Gett got $100 million ahead of its rumored IPO; and behavioral biometrics startup BioCatch. cyber company; and Kenshoo acquired Signals Analytics.
And today, the company is announcing that it’s just closed a $6 million seed round led by Global Founders Capital that included participation from firms such as Soma Capital, Graph Ventures, Adapt Ventures and OldSlip group. It is gearing up to formally launch in the UAE and Saudi Arabia in the coming weeks. and the UAE.
Meanwhile, Yaydoo has raised over $20 million from investors such as Base10 Partners, monashees, SB Opportunity Fund and Leap Global Partners. based companies as customers already, Alloy announced it has now expanded its platform to 40 countries across North America, EMEA, LatAm, and APAC. Kenyan insurtech Lami raises $3.7M
Riiid has said it will continue to fuel its global expansion with the funding. . This acquisition is the first step in an inorganic strategy to ultimately apply Riiid’s AI technology to the global market and help more learners around the world.” . Riiid has been actively penetrating the global market since 2020 after it opened the U.S.
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.
Finally, i f you, like me, are curious about how micromobility platforms are unlocking profits, and what tech is enabling this, you’re going to want to pay attention to this one. It also announced the next generation of Hyperion, which will include a more robust sensor platform and more compute power. Miscellaneous .
India’s online learning platform Unacademy raises $150 million at $1.45 This investment is only the beginning of our journey in creating a new industry ecosystem and we will carry out this mission with global partnerships.” million students in Korea and Japan. billion valuation.
Meituan, Chinas local services platform, is accelerating its global expansion with a renewed focus on grocery retail, international markets, and artificial intelligence, CEO Wang Xing announced in a recent internal meeting. This has intensified public scrutiny on how the platform balances growth with social responsibility.
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