Sympl, the first ‘Save Your Money Pay Later’ platform in Egypt, announces it raised $6 million following its soft launch last month. The funding round was led by Beco Capital along with A15, and Global Ventures, three of the top-tier Venture Capital firms in the region. Since launching this October, Sympl has had strong traction with both merchants and users in the local Egyptian market. This fundraise is a testament... Read more ›
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Cairo-based 20-minute grocery delivery startup Rabbit has raised $11 million in the largest-ever pre-seed round of the Middle East and Africa, it announced in a statement today. The investment came from Global Founders Capital, Foundation Ventures, Raed Ventures, MSA Captial, and Goodwater Capital. Founded earlier this year by Ahmad Yousry, Walid Shabana, Ismail Hafez, and ... Read more ›
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A15, a leading venture capital firm supporting entrepreneurs in the MENA region, has announced it is the first investor in one of Egypt’s latest start-ups to successfully launch, Sympl – which is set to disrupt the country’s consumer payments sector. Focused on tech start-ups and with a long track record in generating value for FinTechs, A15 is ... Read more ›
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Lahore-based business-to-business ecommerce platform Zarya has raised $1.7 million in a pre-seed round led by one of MENA’s leading VCs Raed Ventures, with participation from Fatima Gobi Ventures, U.S.-based Class 5 Global, Global Founders Capital. Egyptian social commerce startup Taager that had raised $6.4 million in a seed round earlier this year also joined the ... Read more ›
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Colabs is a Lahore-based startup that builds and operates co-working spaces in Pakistan. It was started in 2019 by twin brothers; Omar and Ali Shah, and currently operates two spaces in Lahore, with a third on the way. On the surface, it seems like just another coworking operator but what sets it apart is its ... Read more ›
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Karachi-based ecommerce logistics startup Rider has raised $2.3 million in a seed round led by Global Founders Capital, Fatima Gobi Ventures, and Asian Development Bank, it announced in a statement today. TPL E-Ventures and Transhold also participated in the deal. Founded by Salman Allana in 2019, Rider offers last-mile delivery servicers to ecommerce retailers through ... Read more ›
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Lahore-headquartered business-to-business fresh produce marketplace Tazah has raised $2 million in a pre-seed round co-led by Global Founders Capital and Zayn Capital, it announced on Wednesday. Ratio Ventures, Walled City Co., i2i Ventures, Suya Ventures, Globibest, Afropreneur‌ ‌Syndicate,‌ ‌+92‌ ‌Ventures,‌ ‌Sunu‌ ‌Capital,‌ ‌Musha‌ ‌Investments‌, Mezan Foods, and senior executives of Careem and Swvl also participated ... Read more ›
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Dubai-headquartered digital asset exchange BitOasis has raised $30 million in a Series B round co-led by US VC firm Jump Capital and returning investor Wamda, it announced in a statement today. The round was also joined by Alameda Research, Global Founders Capital, and existing investors including; Pantera Capital, Digital Currency Group, and NXMH. Founded in ... Read more ›
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Lahore-based fintech and logistics startup PostEx has raised $1.5 million in a seed round led by MSA Capital, it announced in a statement today. Shorooq Partners, Zayn Capital, VentureSouq, PNO Ventures, +92 Ventures, and Arbisoft’s CEO Yasser Bashir also participated in the deal. Founded in 2020 by Omer Khan, Saad Mahmood, Babar Razzaq, and Adil ... Read more ›
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BasharSoft, the technology company behind Egypt’s leading online job platforms Wuzzuf and Forasna, has announced today that co-founder and CEO, Ameer Sherif has moved to Chairman of the Board role after spending 12 years leading execution at the firm. Since 2009, the company has helped more than 5 million Egyptians with their job search and ... Read more ›
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Most traditional retail businesses, big and small, have struggled to navigate their journey of digital transformation. Due to the high costs associated with innovation, traditional businesses, not having access to high-risk capital, end up losing the battle with big-tech and end up getting disrupted. One of the recent challenges faced by such businesses is the ... Read more ›
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Karachi-headquartered edtech Maqsad has raised $2.1 million in a pre-seed round led by Indus Valley Capital. The round also included participation from Alter Global, Fatima Gobi Ventures and founders of different startups in the Middle East and Pakistan. Founded earlier this year by childhood friends Taha Ahmed and Rooshan Aziz, Maqsad (which means purpose in ... Read more ›
0
Riyadh-based customer engagement platform Unifonic has raised $125 million in a Series B led by SoftBank Vision Fund 2 and Public Investment Fund’s subsidiary Sanabil Investments, the company announced today, without sharing any details on valuation. It is the first investment by SoftBank in a Saudi startup and the largest-ever funding round closed by a ... Read more ›
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Lahore-headquartered digital freight marketplace BridgeLinx has raised $10 million in the country’s largest seed round, it announced today. The round which is also one of the largest seed rounds of the region was led by Harry Stebbings’ 20 VC, Josh Buckley’s Buckley Ventures, and Indus Valley Capital. The startup said that the deal was oversubscribed ... Read more ›
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Cairo-based B2B ecommerce marketplace Capiter has raised $33 million in a Series A round co-led by Quota Capital and MSA Captial, it announced in a statement on Monday. The deal was also joined by Saudi-based FMCG and retailer conglomerate Savola, Shorooq Partners, Foundation Ventures, Accion Venture Lab, and Derayah Ventures. Launched in July 2020, Capiter ... Read more ›
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Karachi-headquartered trucking marketplace Truck It In has added $3 million to its pre-seed round in an extension to close the round at $4.5 million, it announced today. In a statement, the startup claimed that it is the largest ‘pre-seed round’ for any trucking startup in the world. The announcement comes just five months after Truck ... Read more ›
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Paklaunch, an online community of Pakistanis is organizing its first flagship event to showcase the Pakistani startup ecosystem. The conference titled Pakistani Startups: The Next Big Thing will take place on Wednesday, September 8, and will feature talks and panels highlighting how and why Pakistan is attracting venture capital from some of the leading global ... Read more ›
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Islamabad-based influencer marketing platform Walee has raised $2.7 million in seed funding from Z2C, a Pakistani communications company with interests in advertising, public relations, technology, and commerce. The valuation was not disclosed but Z2C has confirmed to MENAbytes that it has acquired a minority stake in the company. Founded in 2019 by Muhammad Ahsan Tahir, ... Read more ›
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Karachi-headquartered sixteen-month-old B2B ecommerce startup Bazaar has raised $30 million in the largest Series A round for a Pakistani startup. The deal that comes just seven months after Bazaar’s seed round, was led by California-based early-stage VC Defy Partners and returning investor Wavemaker Partners. It also included participation from US-based Acrew Capital, Japan’s Saison Capital, ... Read more ›
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Lahore-headquartered quick commerce startup Airlift has raised $85 million in the largest-ever funding round for a Pakistani startup. The round is also the largest Series B raised by a startup in the Middle East, North Africa & Pakistan, and includes some high-profile investors. Responding to a question by MENAbytes, the startup has confirmed that the ... Read more ›
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27.11.2024 04:44
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