This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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. The move signals JDs ambitions to capture a slice of the UKs 127 billion ($163 billion) retail e-commerce market in 2024 the third-largest globally.
Chinas Li Auto has established after-sales and service centers in several Middle Eastern countries and set up an independent department to oversee its efforts to boost its international expansion. billion) in 2024, dragging its shares on the Nasdaq down more than 4% as of market close on March 14.
” Much of the funding will go toward Infarm’s international expansion plans, with sights set on the U.S., The company is also set to spread into more Asia-Pacific markets and the Middle East. In 2018, Crop One announced a 130,000-square-foot farming facility set to open in the UAE. The Bowery Farming TC-1.
EIH Automotive&Trading is a subsidiary of investment conglomerate Ethmar International Holding (EIH), chaired by Sheikh Hamdan bin Mohammed bin Zayed al Nahyan, a son of the countrys founding sultan, according to its website. Geely-affiliated Zeekr signed sales agreements with partners in UAE, Saudi Arabia, Qatar and Bahrain last month.
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.
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?
A few international family offices and proptech founders also joined this round. . CEO Aahan Bhojani and Ashmin Varma founded Silkhaus last year after identifying a $13 billion market opportunity for asset owners across emerging markets, particularly MENA, South Asia and Southeast Asia. That’s where Silkhaus comes in.
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. Nigerian mobility tech startup Metro Africa Xpress Inc. ( Chinedu Azodoh is the startup’s other co-founder.
Then for the suppliers, it increases their sales and reaches more customers without necessarily spending on marketing. Over 50,000 car owners across three markets — Egypt, the UAE and Saudi Arabia — use Odiggo. Odiggo is part of the current YC Summer batch and has secured a $2.2 million seed round before Demo Day.
General Atlantic, SoftBank Vision Fund 2, Princeville Capital and sovereign wealth funds, ADQ (UAE) and Qatar Investment Authority co-led the round. . Trendyol , an e-commerce platform based in Turkey, has raised $1.5 billion in a massive funding round that values the company at $16.5 The deal marks SoftBank’s first in the country.
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 global market and help more learners around the world.” . The company expects to address local remote learning and education in the market.
With supply chains in the automotive industry continuing to be disrupted due to Covid-19, demand has surged in the used-car market. Cars24 claims to have a 90% share of India’s used-car market, and it’s gotten there by way of technology. It plans to add to that list with its next markets in Southeast Asia, Jangid confirmed.
At the same time, it has raised $35 million in a Series C funding round led by UAE-based investor Mubadala. In a statement, Mike Alexandrovski, founder of Borzo, said: “With the new round closed we continue to move toward our goal of becoming one of the top courier delivery companies in every market we operate in.
The round, which is a combination of equity and debt financing, lists investors from the Middle East, including DisruptAD and (the VC arm of ADQ, an Abu Dhabi-based sovereign wealth fund), and SHUAA (a major UAE asset management and investment banking firm). The biopharma industry uses more optimistic numbers.
The BNPL provider has raised $104 million in total Series B funding and plans to use this extension round to expand its consumer product offering and facilitate its international expansion, it said in a statement. Its two main markets are Saudi Arabia and the UAE. What’s your BNPL startup really worth?
Nvidia kicked off the AI race by providing the computing power with its market-dominating graphics processing units (GPUs). is the first mass market AI model that is natively multimodal, meaning that it can process and generate images, video, audio, and computer code the same way it does text. enterprise market during 2024.
It delivers packages of all kinds for merchants and retailers — ranging from mom and pop stores and social media to fashion retailers who make thousands of shipments and international brands — to customers in Egypt. But Egypt is an entirely different market compared to these developed regions.
Mylerz , a Cairo-based e-commerce fulfillment startup, plans to enter three new markets in North Africa and expand across Egypt over the next three months against the backdrop of the $9.6 Our immediate plan is expanding across Egypt, opening new markets and facilitating cross-border trade for our customers.
In addition, Volopay will hire aggressively in each of its new markets. . The platform also processes domestic and international bank transfers with low foreign exchange rates and transaction fees. . “That restricts the type of products you can offer clients.
based VCs Global Founders Capital (GFC) and Goodwater Capital and UAE-based early-stage firm VentureSouq. The plan is to scale in the country and then expand to other markets,” Ismail stated. “We We anticipate being in at least one market before the end of the year and a couple more early next year.”.
and EMEA-based investors, will be pivotal to its international expansion. One such partner is the newly rebranded UAE-based telecom operator, e&; its VC arm, e& capital , launched a $250 million fund this week. Seven existing investors participated as well. Asia, and Europe.
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.
Now Qlub is emerging from a period of stealth to tackle a similar area, but aiming at markets outside the USA. Qlub has so far launched in UAE, KSA and India, with additional internationalmarkets set to follow in the weeks and months ahead.
Cross-border logistics company iMile Delivery has recently entered the Italian market and established its European headquarters in Germany, becoming the first Chinese express delivery startup to enter Europe, according to an August 7 report by Chinese media outlet LatePost. The company targets the Middle East delivery market.
But SaaS solutions to manage the flow of these shipments, collaborate internally with different departments within the company such as sales, customer service, finance and accounting, and aggregate data from multiple ERP systems are few and far between. African tech took center stage in 2021.
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 global markets.
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.
There’s a large voluntary market for carbon credits beyond the traditional and rather outdated carbon credits. There’s a large voluntary market for carbon credits beyond the traditional and rather outdated carbon credits. “It makes things a lot easier on us when we’re measured on impact rather than financials.”
Zenda is digitizing school pay in Africa : As someone preparing to send my oldest to college in two short years, I was intrigued by Annie ’s coverage of how UAE-based Zenda is helping parents on the other side of the world, with its sights now set on Africa, pay school fees online rather than having to provide bank deposit slips as proof of payment.
Meituan, Chinas local services platform, is accelerating its global expansion with a renewed focus on grocery retail, internationalmarkets, and artificial intelligence, CEO Wang Xing announced in a recent internal meeting. Among the three priorities Wang Xing has set, international expansion is progressing the fastest.
We organize all of the trending information in your field so you don't have to. Join 12,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content