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Saudi shopping and BNPL platform Tamara tops $1B valuation in $340M Series C funding

TechCrunch

Tamara, a buy now pay later platform for consumers in Saudi Arabia and the wider GCC region, has raised $340 million in a financing round that values the fintech at $1 billion.

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Meituan expands quick commerce operations to Saudi Arabia with Xiaoxiang Supermarket

TechNode

Meituan, Chinas largest food delivery and quick commerce platform, is expanding its footprint in Saudi Arabia after entering the market in September under its overseas brand, Keeta. 36Kr, in Chinese ]

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Egypt’s SideUp raises $1.2M to grow its e-commerce support platform

TechCrunch

The startup has also expanded to Saudi Arabia, where it will be headquartered henceforth, after raising $1.2 This latest round had the participation of Launch Africa VC, 500 Global, Riyadh Angels, Alex Angels, Al Tuwaijri Fund and Saudi angel investor Faisal AlAbdulsalam. million seed funding. seed funding.

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Invygo raises $10M to make long-term car subscription a breeze

TechCrunch

Invygo, a startup operating in UAE and Saudi Arabia, has raised $10 million in its Series A funding led by MEVP as it works to scale its car rental service in the region. On the platform, the company provides car details like model number, year of the make, and kilometers the car has clocked. million to date.

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Dubai-based Stake raises $8 million to let people across the globe invest in local properties

TechCrunch

The startup, found in 2020, claims that because of Dubai’s real-estate rules it has managed to attract investing users on the platform from over 80 countries in the world. The firm says it lists premium properties on its platform that are already on rent. The company first raised a $4 million seed round last year. Image Credits: Stake.

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Y Combinator, 500 Startups, Plug and Play invest in Odiggo’s $2.2M seed round

TechCrunch

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. It’s a cycle that can lead to more expensive repairs and safety issues down the line, and no car owner likes that.

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Dubai-based accounting and financial compliance startup, Wafeq, raises $3M

TechCrunch

The United Arabs Emirates (UAE) and Saudi Arabia became the first member states to adopt the treaty in 2018, and its implementation meant that for the first time businesses in these territories were required to file VAT returns periodically. The startup is in the process of seeking approval from the Egyptian Tax Authority too.