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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Kuwait-based healthtech Sihaty has received $1.3 million in a pre-Series A round from Rasameel Investments, The Taken Seat Fund, Doha Tech Angels, alongside a number of leading regional angel programs, it told MENAbytes today. Sihaty was founded The Taken Seat, a regional venture builder, in 2019. The platform enables users in Kuwait and Saudi to ... Read more ›
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As news of the Square acquisition of Afterpay became public earlier this month at a hefty $29B and Dubai-based tabby’s $50M Series B round was announced at a valuation of $300M, two thoughts crossed my mind. 1) It’s amazing to see a digitally native fintech have the muscle to acquire a company like Afterpay to ... Read more ›
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Dubai-headquartered car subscription platform Invygo raised $1.9 million in a pre-Series A round from Signal Peak Ventures, JS Group, Wealth Well, Knollwood Investment Advisory, Saudi Arabia’s Dr. Faisal Al Kadi, Khalid AlKhudairi, Ahmed Alola, and some other investors. Since 2018, Invygo has been shopping the Middle East’s car subscription ecosystem, remodeling the automotive industry, and ... Read more ›
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Istanbul-headquartered ecommerce marketplace Trendyol has become Turkey’s first decacorn after raising $1.5 billion in fresh funds that valued the company at $16.5 billion. It makes the online firm the most valuable company in Turkey. The round was co-led by General Atlantic, SoftBank Vision Fund 2, Princeville Capital, ADQ (UAE), and Qatar Investment Authority. It marks ... Read more ›
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Abu Dhabi-headquartered investment platform Sarwa has closed a $15 million Series B round led by Mubadala (Investment Company), it announced today. The round takes Sarwa’s total financing to date to over $25 million and was also joined by 500 Startups, Kuwait Projects Company, Shorooq Partners, Middle East Venture Partners, DIFC, Hambro Perks Oryx Fund, Hala ... Read more ›
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Dubai-headquartered fintech Tabby has raised $50 million in a Series B equity round at a valuation of $300 million (post-money), the company announced today. It makes Tabby one of the highest valued startups in the Middle East & North Africa. The round is led by Global Founders Capital and STV with participation from Delivery Hero, ... Read more ›
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Jordanian cloud-based point-of-sale software startup POSRocket has announced it has secured $5 Million in fresh funds. The round is led by SANAD Fund for MSME and Algebra Ventures. Vision Ventures, Khwarizmi Ventures, Edgo Group, the Innovative Startups And SMEs Fund (ISSF), Etihad Bank, Seedstars, and some angel investors also participated in the deal. It takes ... Read more ›
253
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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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Business Insider
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27.11.2024 10:44
Last update: 10:36 EDT.
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