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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. Sarbvir Singh, chief executive of Policybazaar, told TechCrunch that the startup had raised $75 million, but didn’t elaborate.
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.
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.
With supply chains in the automotive industry continuing to be disrupted due to Covid-19, demand has surged in the used-car market. Cars24 , a startup out of India that has built an app and website for selling used cars and motorbikes, has raised $400 million: a Series G of $300 million in equity and a further $100 million in debt.
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 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. Founded in 2018 by Hussein Momtaz , Ahmed Said , and Abdullah Al Khalidi , Koinz set out to solve two major problems in Egypt’s food aggregation industry.
Autio, a location-based audio entertainment app co-founded by actor Kevin Costner and formerly known as HearHere, has raised $5.9 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.
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. Following two years of bootstrapping, the company has raised $4.5 million in pre-seed financing — its first venture round.
On top of a $62 million round that closed last year, the company has now raised a $35 million Series C to improve shipping of temperature-sensitive drugs — including COVID-19 vaccines. . The biopharma industry uses more optimistic numbers. Within that industry, there also appear to be three macro-trends, the report continues.
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%
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. Hong Kong-based Ward Ferry also participated in the round, bringing its all-time raise to about $470 million. 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 Silkhaus’s engineering team, split across the UAE city and Bangalore, is currently building out its technology stack, the company said in a statement.
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. And that’s what Freterium, a YC-backed startup launched in 2020, is trying to build: a holistic approach to solving critical backend challenges of the freight industry.
Summer batch graduate ShipBlu is the latest on that list and confirmed to TechCrunch that it has raised $2.4 African e-commerce fulfilment startups backed by Y Combinator seem to be piquing investors’ interest this year for their niche e-commerce play. million in seed funding.
has raised $10 million in a funding round led by the South Korean gaming company Krafton. It holds massive untapped potential, and we believe that One Impression is rightly positioned to be a global leader of the influencer industry. “The creator ecosystem is at the cusp of a revolution.
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.
The pre-seed round is an extension of an undisclosed six-figure raise MoneyHash announced last June from investors Ventures Platform, Kepple Africa Ventures, LoftyInc Capital and lead COTU Ventures. MoneyHash clients cut across different industries: e-commerce, travel and tourism, and remittances, among others.
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. Israeli startups closed out December 2020 by raising $768 million in funding.
The company has raised over $86 million over its lifetime and counts NewView Capital and SoftBank’s SB Opportunity Fund among its backers. Meanwhile, Yaydoo has raised over $20 million from investors such as Base10 Partners, monashees, SB Opportunity Fund and Leap Global Partners. “We Klarna recently raised $800 million at a $6.7
Higher interest rates mean far fewer purchases and refinances — and lots of business for fintechs operating in the real estate industry. At the same time, as the venture market slowed dramatically and suddenly, raising capital was much harder. of its staff — five months after raising a $55 million Series B. Ahem, Brex).
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. Japan’s Terra Drone raised a $70 million Series B led by Mitsui Corporation. Other deals that got my attention….
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. The lawyer for Jia who spoke during the hearing did not specify which Middle Eastern sovereign wealth fund was interested, and a spokesperson for Faraday Future declined to comment.
As the Ubers of the world continue to scale, a smaller on-demand transportation startup has raised some funding in Germany, underscoring the opportunities that remain for startups in the space targeting specific service niches. The reason that Blacklane has managed to raise at an up round tells another side of the story, however.
Peridotite is normally found miles below sea level, but on the easternmost tip of the Arabian peninsula, specifically the northern coast of Oman, tectonic action has raised hundreds of square miles of the stuff to the surface. Third is sourcing the CO2 itself. We’ll know more once 44.01 completes its pilot work.
[Photo courtesy of Joby Aviation] Up in the air Jobys air taxis, which have been shown off during exhibition flights in New York and other cities, are catching a lot of lift recently , with the company having inked deals with Uber, Delta Air Lines, and Toyota, along with raising hundreds of millions of dollars in funding.
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