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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. Within the under-penetrated landscape, digital distribution through web-aggregators like Policybazaar forms <1% of the industry.
The AI industry hit a significant bend in the road toward artificial general intelligence in 2024. And all the while a small AI lab in China was quietly developing new AI models, including reasoning models, that would begin sending shockwaves through the AI industry by the end of 2024. The rest of the industry has followed its lead.
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.
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 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. Next, the unit economics of the food aggregation industry is quite challenging. Here’s how the platform works. million seed round.
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.
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. “The drone industry for beyond line of sight, things like food delivery, have been held back by this,” said CEO Michael Healander.
With supply chains in the automotive industry continuing to be disrupted due to Covid-19, demand has surged in the used-car market. Cars24, however, has followed a different playbook, exporting its model to several countries in the last year, starting with the UAE (July 2021), and then Australia and Thailand (both in October).
The platform they’ve been using is Seed Checks. A growing market : Christine writes that Italy’s ban on cultivated meat could set the industry back. Spera raises $10 million for its identity security posture management platform, Frederic reports. The app is then blasted to 16 investors. Is that you, Bob?
Egypt and Dubai-based auto tech startup Odiggo is a platform addressing this problem. Over 50,000 car owners across three markets — Egypt, the UAE and Saudi Arabia — use Odiggo. In an industry today worth over $61 billion in the Middle East and Africa alone, Odiggo is looking to become a market leader.
Silkhaus , a Dubai-based platform for short-term rentals coming out of stealth, has raised $7.75 But while platforms like Airbnb have fantastically aggregated demand to meet supply in the U.S. Sequoia Capital India and Founders Fund back UAE-based proptech startup Huspy in its $37M round.
billion from $1 billion just eight months ago as the Indian industrial business-to-business marketplace aggressively scales its offerings in many parts of the world. and the UAE and counts manufacturing giants such as Hero MotoCorp, Vedanta, Tata Steel, Unilever and Air India and NTPC among its customers.
Each payment integration requires in-house technical work and the remodeling of one’s platform to fit their plugins. . and Europe, payment orchestration platforms such as Spreedly , Zooz and Primer handle a lot of the heavy lifting on behalf of merchants via a unified payments API. In the U.S.,
In Africa and the Middle East, most companies in the freight industry still use old-fashioned methods such as spreadsheets, phone calls and emails to manage their shipments. Some are marketplaces or brokerage platforms connecting shippers with trucks, such as Trella. But also, very importantly, it’s platform-agnostic.
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.
In 2017, iMile was founded by Rita Huang, a former employee of Chinese tech giants Huawei and Alibaba Cloud, in Dubai, UAE. It will serve customers including Chinese brands looking to expand internationally, especially those in high-value industries such as automotive, solar energy, and consumer electronics, as stated in the report.
Much of Israel’s high-tech industry has emerged from former members of the country’s elite military intelligence units, such as the Unit 8200 Intelligence division. Israel’s startups industry began emerging in the late 1980s and early 1990s. After a record year for Israeli startups, 16 investors tell us what’s next.
Higher interest rates mean far fewer purchases and refinances — and lots of business for fintechs operating in the real estate industry. Truist acquires data governance platform from Zaloni. Low interest rates mean more purchases and refinances. In 2020, historically low interest rates led to a surge in both rates and purchases.
based companies as customers already, Alloy announced it has now expanded its platform to 40 countries across North America, EMEA, LatAm, and APAC. ” Plaid announced that financial services industry veteran Meghan Welch has joined the 1,200-plus-person company as its first chief people officer. Weekly News. Counting 300 U.S.-based
Japan is one of the largest education markets and has enormous potential to grow in the Japanese edtech industry that still relies on the conventional in-person education system, a spokesperson at Riiid told TechCrunch. The Japanese remote learning industry was estimated at $2.6 billion in 2020, increasing 22.4%
I’m interested in hearing what investors from Intel Capital , GM Ventures and Snow Bull Capital have to say about the industry and what strategic mobility investors are looking for in a startup. It also announced the next generation of Hyperion, which will include a more robust sensor platform and more compute power.
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.
Per reports, Egyptians spend about 30% of their income on food in a $17 billion restaurant industry, one of the largest in Africa and the Middle East. Africa-focused fund 4DX Ventures and UAE-based venture capital firms Nuwa Capital and Shorooq Partners led the round, one of the largest in Egypt after Rabbit, Telda and Milezmore.
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