Dubai and Riyadh-based buy now pay later startup Tabby has raised $23 million in a debt and equity Series A round led by Southeast Asian VC Arbor Ventures (which has been backing Tabby since its seed round) and UAE’s Mubadala Capital. The fintech did not share the breakdown of debt and equity but has told ... Read more ›
4
This guide is co-authored by Mubariz Siddiqui and Kalsoom Lakhani, and is a collaboration between i2i Ventures and Sarmayacar, two VC funds operating in Pakistan. You can also download a PDF version of the guide here. In the last five years, the Pakistan entrepreneurial ecosystem has grown tremendously, with the rise in the number of ... Read more ›
0
Dubai-based baby products ecommerce platform Sprii has been placed into liquidation after running out of cash, MENAbytes has learned. A board resolution was passed today to place the company into liquidation, appointing accounting firm Grant Thornton as its liquidator. Sprii’s founder and CEO Sarah Jones wrote a letter earlier today to different stakeholders informing them ... Read more ›
56
Egyptian fintech Zeal Rewards has raised a seed investment from an angel investor, it announced in a statement to MENAbytes today. The startup did not disclose the size of the investment but told us that it’s six-figure (USD). It is currently a part of SETsquared, a university incubator in the United Kingdom. Founded in 2019 ... Read more ›
74
Kuwait-born online flower platform Floward has expanded to the United Kingdom with its London launch, the startup announced in a statement to MENAbytes on Thursday. It is the sixth market for Floward and its first outside the Middle East. The platform procures flowers from different parts of the world and sells them on its online ... Read more ›
3
Cairo-based loyalty and rewards solutions provider Dsquares has raised fresh funds from Egyptian private equity firm Lorax Capital Partners, the PE firm announced today. The investment has been made as a result of Lorax Capital Partners acquiring a ‘significant minority stake’ in the company, it said in a statement. The firm has also acquired the ... Read more ›
0
Cairo-based sportswear startup Sigma Fit has raised an investment from Kuwaiti investors an Egyptian investment firm Innlife investments. The size of investment was not disclosed. Founded in 2017 by Omar El Metwally, Islam Rashwan, Nabil Khalifa, Sigma Fit had initially started with sportswear produced using hydrophobic technology but has gradually expanded its scope to include ... Read more ›
62
Islamabad-headquartered hospitality startup Roomy has raised $1 million in a pre-Series A round led by Lakson Venture Capital with the participation of Pakistan-focused Karavan VC and a syndicate of angel investors. The investment was announced at an online startup conference 021 Disrupt earlier today. Roomy was started in 2018 by Dr. Asad Qamar, a former ... Read more ›
33
Fatima Gobi Ventures, a Pakistani venture capital firm that was launched last year as a result of a partnership between leading Pakistani conglomerate Fatima Group and one of the most active multi-stage Asian VCs Gobi Ventures, has announced the first close for its $20 million debut fund ‘Techxila Fund I’ today. The announcement was made ... Read more ›
5
Cairo-based trucking marketplace Trella has expanded to Pakistan with the launch of its operations across the country, it told MENAbytes today. It is the third market for the Egyptian startup that had quietly expanded to Saudi Arabia earlier this year. Started in early 2019, Trella’s online marketplace connects shippers with carriers to help them transport ... Read more ›
57
Lahore-based fashion ecommerce platform Clicky has raised $700,000 in a pre-Series A round, it announced today in a statement to MENAbytes. The investment came from former Souq/Amazon MENA executive Asif Keshodia, unnamed executives of Xiaomi, and some other individual investors. Clicky has previously raised money from Souq (which was acquired by Amazon in 2017) and ... Read more ›
8
Yahaal, a Kuwaiti ecommerce platform for baby products has raised an undisclosed amount of investment in a Series A round, it announced in a statement to MENAbytes last week. The story has been covered by different outlets in the region (including The Roundup) saying that the Kuwaiti startup has raised $27 million in this round ... Read more ›
2
Dubai-headquartered mass transportation startup Swvl has announced its expansion to Jordan. It is entering the market with the launch of its offering for businesses. Swvl’s core product, the bus hailing service for consumers is not live in the country yet. Amman is now in the list of cities on Swvl’s mobile app but it doesn’t ... Read more ›
135
Cairo-based Daily Fantasy Sports (DFS) platform Eksab has raised $500,000 from 4DX Ventures, a New York-based early-stage VC focused on African startups, it announced in a statement to MENAbytes today. The round also included the participation of other strategic investors from the international sports and entertainment ecosystem, noted the statement. Eksab had previously raised an ... Read more ›
48
Makkah-based ecommerce enablement platform Salla has raised $8.5 million in a Series A round led by STV with the participation of existing investors Vision Ventures and Raed Ventures, it announced in a statement to MENAbytes today. It had raised an undisclosed amount of funding from Vision Ventures and Raed Ventures in a seed round in ... Read more ›
48
Dubai-based logistics startup Quiqup has raised $5.5 million in an investment round led by Delivery Hero, it announced today in a statement to MENAbytes. The round was also joined by Lebanon’s Cedar Mundi, New York-based Jobi Capital, and Trasnmed. Quiqup provides on-demand, same-day, and scheduled delivery solutions to retailers (online and offline), and restaurants of ... Read more ›
10
Cairo-based ecommerce enablement platform ExpandCart has raised $2.5 million in a Series A round, it announced today in a statement to MENAbytes. The round was led by Egyptian VC Sawari Ventures with the Agility Ventures (the corporate VC arm of logistics firm Agility), and Graphene Ventures. Two angel investors also took part in the round. ... Read more ›
69
Saudi mobile wallet Stc Pay which is a subsidiary of Suadi Telecom (Stc) has raised $200 million from Western Union at a valuation of $1.33 billion (SAR 5 billion), it announced in a statement today. The international money transfer giant has acquired a 15 percent stake in Stc Pay as a result of the deal. ... Read more ›
33
Abu Dhabi-based miromobility startup Fenix has raised $3.8 million in a seed round led by Israeli venture capital firm Maniv Mobility, it announced in a statement to MENAbytes today. The investment which is one of the largest seed rounds ever raised by a startup in the United Arab Emirates is the first by an Israeli ... Read more ›
8
Building (English) websites has become very easy over the last few years. There are multiple online tools that help you do that in a few clicks with tons of customization options. But the same cannot be said about building Arabic websites. The international tools don’t support Arabic and even if they do, there are very ... Read more ›
194
Most popular sources
Business Insider
|
28% 0 |
Tech Wire Asia
|
9% 0 |
Gizmodo
|
7% 1 |
Eurogamer.net
|
7% 4 |
The Verge
|
7% 1 |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
27.11.2024 15:29
Last update: 15:21 EDT.
News rating updated: 22:20.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.