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Istanbul-headquartered 10-minute grocery delivery startup Getir has tripled its valuation to $7.5 billion in a little over two months with $550 million in fresh funding from DisruptAD (venture capital arm of ADQ, Abu Dhabi’s holding company), Mubadala, and existing investors Tiger Global and Sequoia Capital, Financial Times reported today. The round has taken Getir’s total ...
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Mexico's President Claudia Sheinbaum Pardo said her country would go after the US with its own tariffs if Donald Trump pushed ahead with his. Read more ›
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MENAbytes
Talabat, the leading food and grocery delivery platform in the region, launched its IPO earlier this month on the Dubai Financial Market and announced its price range of AED 1.5 to 1.6 per share on Tuesday. The company will offer 3.49 billion shares, representing 15 percent of its total share capital, which implies a valuation ... Read more ›
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Jada, the Saudi fund of funds, by Public Investment Fund, has invested in the second fund of Seedra Ventures, a local fund manager that invests in startups across the Middle East & North Africa. The fund completed its first close in the second quarter earlier this year. The size of the commitment by Jada was ... Read more ›
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Dubai-based digital gift card marketplace YOUGotaGift has been acquired by Giftee, a Japanese digital gifting platform. The deal, which was announced earlier this month, closed on Friday with Giftee acquiring a 91% stake for $28.1 million, valuing the company at $30.9 million. The remaining 9% stake is held by YouGotaGift’s CEO and founder Husain Makiya, ... Read more ›
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Most popular sources
Business Insider
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24% 7 |
The Verge
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9% 3 |
Tech Wire Asia
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8% 1 |
Android Authority
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8% 5 |
Tom's Hardware
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7% 5 |
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27.11.2024 11:56
Last update: 11:51 EDT.
News rating updated: 18:51.
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