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UAE-based Zest Equity, a startup digitizing private market dealings, has raised $3.8 million seed funding to build more tools for enabling fast and transparent transactions by ecosystem players while increasing their liquidity through secondary deals.
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 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. Wafeq is a ratified provider in Saudi Arabia, and the UAE (e-invoicing is not mandatory there yet).
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. The Middle East-based startup, founded by Eslam Ahmed Hussein and Pulkit Ganjoo in 2019, has raised $14.3 There is Ekar, which last raised $17.5
The company has raised $3.4 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. In the UAE, it can take nearly six months to set up a business bank account. million in seed funding at a valuation of $50 million.
Trendyol , an e-commerce platform based in Turkey, has raised $1.5 General Atlantic, SoftBank Vision Fund 2, Princeville Capital and sovereign wealth funds, ADQ (UAE) and Qatar Investment Authority co-led the round. . billion in a massive funding round that values the company at $16.5 The deal marks SoftBank’s first in the country.
At the same time, it has raised $35 million in a Series C funding round led by UAE-based investor Mubadala. Dostavista, the ‘crowdsourced’ same-day delivery service, raises $15M Series B. That left-of-field thinking has seen it expand to countries not typically touched by the bigger delivery startups.
Dubai-based Zywa, a neobank for Gen Z, plans to fuel its growth in the United Arabs Emirates (U.A.E), and to kick-start its expansion to Saudi Arabia and Egypt after raising $3 million seed funding at over $30 million (110 million AED) valuation. The new funding follows the $1 million pre-seed backing it secured in February this year.
Zenda , a UAE-based startup looking to change how parents pay school bills, and the way educational institutions manage fee collection, is eyeing Africa as its next frontier for growth. million seed funding it has raised. million seed funding it has raised. Qureos raises $3M to grow its learn to earn platform.
Jordan-based online learning platform Abwaab has raised $20 million in a Series A funding round (following a $5 million seed round in March of this year), making it one of the most funded edtech startups in the Middle East, North Africa and Pakistan (MENAP), a region that encompasses 160 million students.
VUZ , a social app that allows users to stream and experience immersive realism in extended reality (XR) and metaverse digital experiences, has raised $20 million in Series B investment. One such partner is the newly rebranded UAE-based telecom operator, e&; its VC arm, e& capital , launched a $250 million fund this week.
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. It’s not the only one: a month ago, Spinny , another startup in the used-car space raised $280 million. billion, versus $1.84
E-commerce roll-up play Opontia launched in June, raising $20 million in debt and equity to acquire older, small e-commerce brands in the Middle East and Africa. Roll-up plays are generally known to secure more debt than equity when they raise mega-round deals.
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.
Gharaibeh founded Mylerz in November 2019 borrowing from his experience at Aramex, a UAE-based multinational logistics and fulfillment company, where he worked for 23 years with his last role being head of Africa. Egyptian fintech Paymob raises $50M led by PayPal Ventures and Kora Capital.
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.
MENA-based buy now, pay later startup Tabby has raised $58 million, led by Sequoia Capital India and STV, at a valuation of $660 million. The fintech has raised more than $410 million in equity and debt since its 2019 launch. . Dubai-based buy now, pay later platform tabby raises $50M at $300M valuation.
Autio, a location-based audio entertainment app co-founded by actor Kevin Costner and formerly known as HearHere, has raised $5.9 Wait, you can’t say that : Kyle reports that LeapXpert raises $22 million to monitor employee chats for compliance. The app is then blasted to 16 investors. Is that you, Bob? So which one is it? :
Uolo , an Indian edtech platform that works with private K-12 schools to offer online learning programs to middle and low-income families, has raised $22.5 million in a funding round led by UAE-headquartered VC fund Winter Capital. India’s Uolo raises $22.5M
The company, founded by Manar Mahmassani, Rami Tabbara, and Ricardo Brizido in 2020, has raised $8 million in a pre-Series A round from investors like BY Ventures, MEVP, and Vivium Holdings to expand its portfolio and launch in Saudi Arabia and Egypt. The company first raised a $4 million seed round last year.
Recent research suggests that the e-commerce market in Saudi Arabia, UAE and Egypt account for a combined $21.4 The company, which allows e-commerce businesses to scale and grow by targeting businesses with limited bank or venture financing access, is announcing that it has raised $3.6 Wayflyer raises $150M on a $1.6B
More than a few funding rounds are cracking off this morning, including neat rounds from African fintech Mono , India-and-UAE-based Zeta , Emitwise raising $3.2 million , and Aurora Solar raising $250 million. So, if you like startups, you might want to put aside your Apple fandom for a minute.
Since launching in Egypt, Koinz has expanded to Saudi Arabia and the UAE. You’ll hear first-hand how some of the most successful founders and VCs build their businesses, raise money and manage their portfolios. These consumers have redeemed almost 300,000 rewards, while almost 800,000 customers have left reviews.
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 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. BNPL payment startup Alma raises another $130 million round.
Nigeria-based health tech startup Helium Health has acquired Meddy , a Qatar-headquartered and UAE-based doctor booking platform for an undisclosed amount. Nigeria’s Helium Health raises $10M Series A for Africa expansion. Meddy currently serves more than 150 private clients within the UAE and Qatar.
The company just raised $27 million to continue fertilizing and watering its own growth trajectory. We are just on the verge after a super successful proof-of-concept, of signing 100% of the dates in UAE. Our solution enables the UAE to save 70% of its water consumption. That comprises 2.1 million trees. ”
So instead of going out and raising venture capital, we decided that we were going to bootstrap because we could convince some landlords to list their homes on this platform that we had built and derisk some of their problems.”. But there’s recent activity suggesting that growth is imminent in the African proptech space.
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.
Volopay , a Singapore-based fintech startup, raised a $29 million Series A in debt and equity financing as it seeks to further expand its footprint in Asia-Pacific, the Middle East and North Africa. . To date, Volopay has raised approximately $31.4 million since its inception in 2019, which includes its $2.1
In June, the company raised a $640 million funding round, led by the venture capital firm General Catalyst. The startup also raised a $68 million funding round from investors such as HuggingFace CEO Clement Delangue. Mistral has seen success in Europe by marketing itself as a low-cost and flexible alternative to U.S.
The payment solution for consumers in restaurants has now raised $17 million in seed financing in a round co-led by Berlin’s Cherry Ventures and Point Nine Capital of Germany. Qlub has so far launched in UAE, KSA and India, with additional international markets set to follow in the weeks and months ahead.
has raised $10 million in a funding round led by the South Korean gaming company Krafton. One Impression, which claims to have created a profitable business without marketing, plans to utilize the fresh funds to build a marketing team and scale its sales team to expand its presence in global markets, starting with Southeast Asia and the UAE.
Hong Kong-based Ward Ferry also participated in the round, bringing its all-time raise to about $470 million. and the UAE and counts manufacturing giants such as Hero MotoCorp, Vedanta, Tata Steel, Unilever and Air India and NTPC among its customers. The startup says it serves 500,000 small, medium-sized businesses and enterprises.
million it has raised in the pre-seed round to fund expansion within the U.A.E. We see that the level of development of the e-grocery in the UAE is far from Russia, where express delivery services have achieved incredible success. The instant delivery service will use the $2.3
Bloom , a Sudan-based fintech that offers a high-yield savings account and adjacent digital banking services, has raised a $6.5 based VCs Global Founders Capital (GFC) and Goodwater Capital and UAE-based early-stage firm VentureSouq. million seed round. This investment is coming after the startup’s undisclosed pre-seed round last year.
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.
UAE residents also have one of the largest ecological footprints on our planet. Since turning vegetarian over a year ago due to self consciousness about the unsustainable nature of meat production, he has been trying to think of solutions that could better engage people to change their current habits for collective good.
The new round takes FreshToHome’s all-time raise to over $250 million. FreshToHome today serves over 4,000 fishers and farmers and millions of customers in over 160 cities in India and the UAE and offers more than 2,000 certified fresh and chemical-free products.
That’s something that promises a lot of incoming for service providers in the sector, and it’s part of why the company is raising money. As an example he suggested the UAE, where after years of lax drone regulations the country suddenly forbade all drone operations a few months ago pending new policies.
The consumer fintech company is focused on helping people build credit and raised $30 million in June 2021. In June of 2021, the company raised $150 million at a $2.17 In June of 2021, the company raised $150 million at a $2.17 The B2B payments company raised $200 million at a unicorn valuation in 2021. billion valuation.
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. Egypt, the UAE, Nigeria and some parts of Europe — and hire mid-level and senior software engineers.
Invygo, a startup operating in UAE and Saudi Arabia, has raised $10 million in its Series A funding as it works to scale its car rental service in the region. The Middle East–based startup has raised $14.3 For celebrities of all stripes : Zebra Labs raises $5 million to help Chinese celebrities enter the metaverse, Rita reports.
By the end of last year, the annual Israeli Tech Review 2020 showed that Israeli tech firms had raised a record $9.93 Israeli startups closed out December 2020 by raising $768 million in funding. And in 2020, Israeli companies made 121 funding deals on the Tel Aviv Stock Exchange and global capital markets, raising a total of $6.55
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