Dubai-based fintech Baraka has raised $4 million in a seed round from Global Founders Capital, FJ Labs, Raptor Group, Tribe Capital, Nuwa Capital, VentureSouq, and Class 5 Global, it announced today. The round takes the total capital raised to date by Baraka to $5 million. It has previously raised $1 million in a pre-seed earlier ... Read more ›
0
Lahore-headquartered healthtech Marham has raised $1 million in a seed round led by Pakistan-focused Indus Valley Capital, it told MENAbytes today. The round also includes the participation of Weihan Liew, an angel investor from Southeast Asia. Founded in 2015 by Ehsan Imam and Asma Omer, Marham started as a doctor booking platform, enabling patients to ... Read more ›
557
Egyptian ecommerce logistics startup Bosta has appointed Fetchr’s co-founder Omar Yaghmour as its Chief Growth Officer. Omar had co-founded Fetchr about nine years ago and served as its Chief Operating Officer until April 2020. He has helped build and scale a few other startups and ecommerce companies as well. Prior to Fetchr, Omar was an ... Read more ›
196
SimpliFi, a Cards as a Service platform for Middle East, North Africa, and Pakistan has announced its launch. The Dubai-headquartered startup had been operating in stealth mode until now. It has also closed a seed round led by Saudi’s Raed Ventures with the participation of Rally Cap Ventures, and Riyadh-based Sukna Ventures. The deal that ... Read more ›
0
Zain, the leading telecommunications group of the region that’s present in seven markets and serves close to 50 million individuals and businesses has launched a venture capital arm, Zain Ventures, it announced today. With the launch, Zain Ventures has also announced its first two investments; Dubai-based mobility startup Swvl and American fintech Pipe. It did ... Read more ›
2
Our portfolio company, Swvl, has recently announced that it will list on NASDAQ through a merger with a SPAC entity and will raise additional funding from PIPE investors. I have been approached by many people asking what is a PIPE deal and how does a SPAC work. I decided to publish this post to address ... Read more ›
0
Dubai-headquartered mobility startup Swvl announced on Thursday that it plans to go public by merging with SPAC Queen’s Gambit Growth Capital. The transaction that is expected to close in the last quarter of 2021 values the Cairo-born company at about $1.5 billion ($1.44 billion to be precise). As part of the deal, Swvl will receive ... Read more ›
410
Dubai-headquartered ride-sharing startup Swvl has announced today that it is going public by merging with a merger with a special purpose acquisition company (SPAC). The deal was first reported by The Wall Street Journal earlier in the day. The mobility company is merging with Queen’s Gambit Growth Capital, a SPAC created earlier this year by ... Read more ›
0
Cairo-based grocery delivery platform GoodsMart has raised $3.6 million in fresh funds in a round led by Sawari Ventures, it announced today. The startup has previously raised money from Algebra Ventures in two rounds. Launched in 2014, GoodsMart enables users in West Cairo to order groceries using its mobile app. On the surface, it may ... Read more ›
0
If you’re someone who follows the startup space in the Middle East & North Africa, you must have observed an uptick in notable mergers and acquisitions in 2021 compared to previous years. In the last two months alone, Tamer Group acquired Mumzworld, Aleph Holding acquired the majority in Connect Ads, Bevy acquired Eventtus, Halan merged ... Read more ›
0
Karachi-headquartered B2B ecommerce marketplace Dastgyr has raised $3.5 million in a seed round led by SOSV, it announced today. The round that takes its total raise to date to $4 million also included the participation of Asian Development Bank’s VC arm ADB Ventures, Seedstars, Edgebrook Partners, Bahrain’s Zayani Venture Capital, Dubai’s Tricap investments, and some ... Read more ›
0
The startup world has found its groove and is taking flight in Pakistan. With $100-120 Million in funding in just the first half of 2021 (already a 58% increase over 2020 investments), it seems the market is now consistently winning investor interest and trust. With this colossal funding already in the market, what is in ... Read more ›
0
Cairo-based social commerce platform Taager has raised $6.4 million in a seed round led by 4DX Ventures, it announced in a statement today. The round also included participation from Raed Ventures, Beco Capital, Breyer Capital, and some individual investors including Careem’s Magnus Olsson. It takes Taager’s total investment to $7 million. Founded in 2019 by ... Read more ›
0
Dubai-based software startup Arrow Labs has raised $5 million in Series A from Tim Draper’s Draper Associate, it announced today. The round was also joined by Global Ventures, and B&Y Ventures. It is one of the first investments made by Draper in the Middle East & North Africa. The firm has previously invested in some ... Read more ›
0
Aleph Holding, a Miami-headquartered digital media company has acquired an 86 percent stake in Egyptian advertising platform Connect Ads, it announced in a statement today, saying that the deal is comprised of cash and stock. The statement did not share the exact financial details but termed it as a dragon exit for A15, the investment ... Read more ›
0
Saudi Research & Media Group (SRMG), a public company that’s behind leading media brands including Argaam, Arab News, Asharq Al-Awsat, and Asharq News, has acquired a 51 percent stake in the Arabic podcast platform Thmanyah, it announced today. Thmanyah produces podcasts and documentaries in Arabic with over 2.2 million people listening to its shows every ... Read more ›
0
Bevy, a California-based enterprise software startup for virtual conferences and community events has acquired Egyptian event management software startup Eventtus, it announced today. The financial details of the transaction were not disclosed but Eventtus has told MENAbytes that it was a ‘good deal’ for everyone involved – including the investors of Eventtus. Mai Medhat and ... Read more ›
18
Cairo-based food discovery, ordering, and delivery platform Elmenus has raised $10 million in fresh funds (pre-Series C), from leading Egyptian payments firm Fawry, it announced in a statement today. New York-based hedge fund Luxor Capital, and Egyptian property developer Marakez, also participated in the deal. Luxor has previously backed companies like Zomato, Glovo, and Gopuff. ... Read more ›
68
Amman-headquartered edtech Abwaab has acquired Pakistani edtech platform Edmatrix to expand its operations in the fifth largest country of the world, it announced in a statement today. It is the first acquisition by the Jordanian startup that has raised $7.5 million to date. The terms of the deal were not disclosed. Both the startups are ... Read more ›
0
Cairo-based healthtech Yodawy has raised $7.5 million in a Series B round led by Middle East Venture Partners (MEVP), Global Ventures, and Algebra Ventures. Egypt’s CVentures, P1 Ventures, and Athaal Angel Investors Group, also participated in the deal. Founded in 2018 by Karim Khashaba, Sherief El-Feky, and Yasser AbdelGawad, Yodawy has built a digital pharmacy ... Read more ›
11
Most popular sources
Business Insider
|
51% 0 |
Gizmodo
|
8% 1 |
The Verge
|
8% 6 |
Tom's Hardware
|
7% 3 |
SlashGear
|
3% 0 |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
12.05.2025 02:09
Last update: 01:20 EDT.
News rating updated: 09:00.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.