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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Dubai-based logistics startup Fetchr has today confirmed receiving $15 million in fresh capital as part of its Series C round in a statement to MENAbytes. The development was first reported by Bloomberg in July but at the time the company had received commitments and had not shared any details officially. The investment still needed the ... Read more ›
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Dubai-based luxury resale marketplace The Luxury Closet has raised investment from Huda Beauty Investments, the private investment office of Huda, Alya & Mona Kattan & Christopher Goncalo, the founders of one of the leading global cosmetics brands Huda Beauty. HB Investments was first announced in 2017. According to the statement, it invests in early-stage businesses ... Read more ›
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Dubai-based grocery delivery marketplace InstaShop’s $360-million sale to Delivery Hero is one of the biggest exits of the Middle East & North Africa. If we exclude Turkey (where Delivery Hero acquired Yemeksepeti for $589 million in 2015), it is Delivery Hero’s biggest acquisition in the Middle East & North Africa. The deal has also resulted ... Read more ›
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Cairo-based food ordering startup Ordera has raised six-figure (USD) investment in a seed funding round, it announced in a statement today, without disclosing the size of investment. The investment came from Alexandria Angels and Saudi-based VC Daal. Founded by Karim Abdel Kader, Noha Bassiouny, and Abeer Mostafa, Ordera was launched last year to make it ... Read more ›
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Islamabad-based ecommerce startup PriceOye has raised an investment from US-based VC fund and accelerator SOSV, it announced in a statement today. The startup did not disclose the size of the investment but has told MENAbytes it is a six-figure (USD) deal and is part of an on-going Pre-Series A round. PriceOye had previously raised $450,000 ... Read more ›
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Baby Planet, a Lahore-based online retailer for baby products has raised $250,000 in a seed round, it told MENAbytes today. The round was led by Singapore-based High Output Ventures who have recently also launched an accelerator program to invest in Pakistani startups. This particular investment, however, was made from their seed arm (not the accelerator). ... Read more ›
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Global food and grocery delivery giant Delivery Hero has acquired Dubai-based on-demand grocery delivery marketplace InstaShop for $360 million, it announced in a statement today. It is Delivery Hero’s one of the largest acquisitions in the Middle East & North Africa and the first in grocery delivery (in the region). All the previous acquisitions here ... Read more ›
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Karachi-based SafePay has become the first fintech from Pakistan to have graduated from Y Combinator. The startup was part of YC’s S20 batch and graduated by participating in the demo day on Tuesday. It has raised the standard $150,000 investment as part of the program. Byte, a dark-kitchen-powered food delivery startup from Pakistan was also ... Read more ›
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Lahore-based food delivery platform Byte is one of the two Pakistani startups to have graduated from Y Combinator’s latest (Summer 2020) batch. Byte that presented at Y Combinator’s demo day today has raised $150,000 as part of the program. Byte is the first consumer internet startup of Pakistan to have received Y Combinator’s backing. Founded ... Read more ›
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Ankara-based omnichannel retail management platform Ikas has raised an investment from Qnbeyond Ventures, the investment arm of Turkish bank QNB Finansbank, it told MENAbytes earlier this week. It did not disclose the size of investment but said that it valued the Turkish startup at $6 million (post-money). Founded in 2018 by Mustafa Namoglu, Omercan Celikler, Tugay ... Read more ›
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Dubai and Beirut based edtech Geek Express has raised $520,000 in a pre-Series A round, it announced on Monday. The investment came from Saudi-based National Talents, Lebanon’s IM Capital, DHV Partners, and an angel investor. The round takes Geek Express’ total raise to $860,000, it said in a statement, adding that it had previously raised ... Read more ›
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Karachi-based B2B ecommerce marketplace Dastgyr has raised a six-figure (USD) investment from angel investors in the United States, Middle East & Pakistan, it announced in a statement today without disclosing the exact size of the investment. Founded earlier this year by Muhammad Owais, Zohaib Ali, Mohammad Awais Chaudhry, Haseeb Siddiqui, Asad Qamar – who were ... Read more ›
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Dubai-based logistics startup Trukkin is expanding to Pakistan with launch of its trucking marketplace in country’s largest city Karachi. Trukkin’s online platform connects shippers and truckers to help them with their logistics needs mainly heavy cargo or long-haul trucking. The vehicle types it offers through its platform include trailers, pick-up trucks, flatbed trucks, and box ... Read more ›
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Thndr, a Cairo-based investment platform that wants to make it easy for people to invest in stock, bonds, and funds, without charging them any commission, has received a brokerage license to operate in Egypt, it announced in a statement today to MENAbytes. Thndr claims that it is the first new license issued by Egypt’s Financial ... Read more ›
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Cairo-based on-demand laundry services startup Makwa has raised a six-figure investment from an angel investor, it announced earlier this week without disclosing the name of the investor or size of the round. Founded in 2018 by Aly Eteiba, Makwa allows users in Cairo to book different types of laundry services including dry cleaning, ironing, and ... Read more ›
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Egyptian electronic payments company Fawry now has a market cap of over $1 billion. It achieved the feat during the intraday trading, with its share price rising to EGP 22.69 which gives it a market cap of EGP 16 billion or $1 billion (for the first time). With this, Fawry has become the first technology ... Read more ›
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Jeddah-based accounting services provider Pi Flow has raised an undisclosed amount of investment from a group of angel investors and Saudi Venture Capital Company, it announced in a statement today. Founded in 2012 by Waleed Merdad & Mohammad Alraddadi, the startup that had remained bootstrapped before raising this round of financing offers virtual bookkeeping services ... Read more ›
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Uber is expanding into transportation of goods in the Middle East & North Africa, with the launch of its on-demand delivery services ‘Uber Connect’ in Egypt. The launch of Connect in Egypt that was announced on Sunday comes after its successful introduction in 25 cities across the United States, Canada, Australia, and Mexico, noted the ... Read more ›
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Riyadh-headquartered edtech Noon Academy has launched its social learning platform in India. The launch comes a few months after the Saudi startup appointed Abhishek Mittal who was previously the Vice President for Business with one of India’s leading edtech Unacademy, to lead the Indian market for it. The launch in India was announced by Abhishek ... Read more ›
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Dubai-based celebrity shoutout platform Starzly has raised an undisclosed amount of investment in a pre-seed round led by Saudi’s Nama Ventures, with the participation of Jabbar Internet Group, Woman Spark, and some other angel investors. Founded earlier this year by Badr Kachibal, a media executive who has previously worked with Al Arabiya, Shahid.net, and MBC ... Read more ›
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Most popular sources
Business Insider
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27% 1 |
Tech Wire Asia
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15% 10 |
CNET
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7% 4 |
Eurogamer.net
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6% 1 |
The Verge
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6% 2 |
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27.11.2024 23:47
Last update: 23:35 EDT.
News rating updated: 06:41.
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