TechCrunch

JULY 28, 2021

The trio started the company as a bus-hailing service in Egypt and other ride-sharing services in emerging markets with fragmented public transportation. Its services, mainly bus-hailing, enables users to make intra-state journeys by booking seats on buses running a fixed route.

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TechCrunch

DECEMBER 8, 2021

STV led the round, with Raed Ventures, Global Founders Capital, Upper90 and VentureSouq participating. In the areas where these companies operate, Amazon is a ubiquitous marketplace that sells goods and uses its fulfilment arm and Prime service as the infrastructure to fulfil the orders.

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TechCrunch

MAY 24, 2021

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.” Riiid wants to transform education with AI, and achieve a true democratization of educational opportunities,” said Riiid CEO YJ Jang in a statement.

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TechCrunch

OCTOBER 7, 2021

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.

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TechCrunch

NOVEMBER 15, 2021

One, most of them are excluded from various payment ecosystems globally due to their size, and two, getting hardware from providers can be expensive. . This suite of services is essential in the primary markets in which Nomod is aiming to build a significant merchant base, like Saudi Arabia, the UAE and Bangladesh.

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TechCrunch

FEBRUARY 3, 2022

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. Sign up here !

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TechNode

SEPTEMBER 5, 2023

Huawei Technologies has inaugurated a cloud data center in Riyadh, the capital of Saudi Arabia, according to a September 4 report by Reuters. This marks Huaweis 30th cloud data center globally, the report said. In the global cloud services market for the first quarter, Huawei held the fifth position with a 2.4%

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TechNode

MAY 30, 2024

On Wednesday, Chinese PC maker Lenovo announced a strategic partnership with Alat, a subsidiary under Saudi Arabia’s Public Investment Fund (PIF) focused on transformative technology investments and sustainable manufacturing, with Alat proposing a $2 billion zero coupon convertible bonds investment in Lenovo.

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TechCrunch

OCTOBER 12, 2022

Recent research suggests that the e-commerce market in Saudi Arabia, UAE and Egypt account for a combined $21.4 Aside from the financing solutions we offer our partners, we also give them other value-added services to help them go further. billion and is projected to grow by more than 50% to $33.3

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TechCrunch

APRIL 17, 2023

The global management consulting industry is worth billions of dollars but to this day it’s been tough to disrupt with technology. Traditional consulting firms provide high-quality services but the cost a lot and have rigid terms. It’s now set to launch in Riyadh, Saudi Arabia and Lagos, Nigeria next month.

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TechCrunch

FEBRUARY 28, 2022

“Many of our competitors around the world will opt to integrate with third-party infrastructure suppliers to provide financial services,” Rajith told TechCrunch. With APAC and MENA churning out several unicorn level enterprises every year, it is indeed making a big wave on the global frontier,” said Shaji.

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TechCrunch

AUGUST 23, 2022

The seven-year-old startup, which has raised over $110 million to date, works with over 75 electronics device manufacturers including OnePlus and Xiaomi and offers them whitelabeled after-sales services such as damage protection and extended warranty. Servify , which is operational in over 40 countries, including India, the U.S.,

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TechCrunch

AUGUST 10, 2022

Prosperity7, the venture capital arm of Saudi Arabia’s state oil company Aramco, led the new capital infusion. The fund has been actively scouring for opportunities in and around China that can scale globally and particularly in the Middle East.

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TechNode

APRIL 28, 2024

Chinas food delivery giant Meituan is hiring Arabic- and English-proficient talent for its likely entry into Riyadh, the capital of Saudi Arabia, as the company puts expansion beyond China on its agenda as domestic consumption falls.

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TechCrunch

JUNE 28, 2022

As of 2020, it was operating in 50 cities across Egypt, Saudi Arabia, Jordan and Lebanon and claimed its userbase had grown 3x year-over-year to 4 million patients, with 30,000 healthcare providers using its software-as-a-service solution. Vezeeta is the first major player in Africa and the Middle East to be affected.

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TechCrunch

JANUARY 17, 2023

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 ). There are clear gaps in the market when we look at offering consumers better financial services and products.

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TechCrunch

MAY 31, 2022

The acquiree, Lamma, launched in Tunisia as a carpooling service two years ago. Similar upstarts such as Rabbit have operations in Egypt and Saudi Arabia, while older players like Breadfast , though only operational in Egypt, runs more than 50 dark stores. .

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TechCrunch

MARCH 22, 2022

When it raised in September, Jeeves — which describes itself as “an all-in-one corporate card and expense management platform for global startups” — was valued at $500 million. I don’t think this is a space where you’re going to have just one company globally that owns everything,” Thazhmon added. It’s just massive.”.

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TechCrunch

MARCH 27, 2022

billion last year — up 153% year-over-year in terms of global VC deal value. It also operates in the corporate spend and expense management space, with more of a global footprint and infrastructure component. It’s also eyeing Southeast Asia and potentially Saudi Arabia and Africa. That remains to be seen.

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TechCrunch

APRIL 27, 2023

Southeast Asia is already home to a thriving fintech scene, where Grab , GoTo and Sea have built super apps that encompass financial services, and startups like Xendit , Akulaku and Dana (to name a few) have raised hundreds of millions of dollars for payments, banking services and other financial tools. enabling people to buy Bitcoin.

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The Verge

OCTOBER 7, 2021

Rivian has already had to delay the launch of the R1T and R1S due to the global chip shortage, meaning customers who placed a refundable $1,000 deposit may think twice as the wait stretches on and more electric trucks and SUVs hit the market. Perhaps that’s why Rivian is already spending millions of dollars on marketing.

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TechCrunch

AUGUST 28, 2022

Rowe Price reduced the value of its stake in Stripe, part of its Global Technology Fund, the latest reduction in its worth is not unique. I covered Belvo’ s last raise here: Belvo, LatAm’s answer to Plaid, raises $43M to scale its API for financial services. However, while it is true that T. Anita Ramaswamy digs in here.

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The Verge

JULY 23, 2021

NSO says the list has nothing to do with its business, and claims it’s from a simple database of cellular numbers that’s a feature of the global cellular network. According to Forbidden Stories , NSO’s contract with Saudi Arabia alone is worth up to $55 million. At this point, that’s clear as mud.

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TechCrunch

AUGUST 11, 2023

Yaccarino will be leaving her role as chairman of Global Advertising & Partnerships at NBCU. Video calls are coming to X CEO Linda Yaccarino confirmed in her first TV interview that video calls will be a new feature coming to the service, as part of its transformation into an “everything app.” to “Blaze Your Glory!!”

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TechCrunch

APRIL 8, 2021

An additional $15 million was raised from the same investors led by Dubai-based VC firm Global Ventures. Paymob has a perfect combination of high-quality technology, product customers increasingly cannot do without, and an outstanding management team, “Basil Moftah, general partner at Global Ventures, said of the investment.

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TechCrunch

MAY 2, 2022

Swvl , an Egyptian startup that provides shared transportation services for intercity and intracity trips, has expanded into Turkey through an acquisition of Volt Lines , a B2B transportation-as-a-service operator. have received permits to provide driverless ride-hailing services to the public on open roads in Beijing.

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Cloud 4 Good

MAY 3, 2022

Through a global network operating in nine countries across the MENA region, EFE trains young people with the skills necessary to succeed in work and life and then matches the next generation of ready-to-work talent with businesses in need of qualified employees. . “We

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TechNode

MARCH 5, 2025

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. Meituans overseas food delivery platform, Keeta , is rapidly expanding in Saudi Arabia.

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The Verge

FEBRUARY 23, 2022

Here are Bryan Pietsch and Jeff Stein in the Washington Post : The app says it is “America’s ‘Big Tent’ social media platform that encourages an open, free, and honest global conversation without discriminating against political ideology.” First, the news: Truth Social is live in the App Store, and hit No.

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