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 ›
0
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 ›
74
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 ›
32
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 ›
0
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 ›
514
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 ›
202
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 ›
167
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 ›
2
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 ›
0
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 ›
1,641
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 ›
239
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 ›
0
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 ›
0
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 ›
0
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 ›
0
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 ›
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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
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Business Insider
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Gizmodo
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19% 11 |
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4% 3 |
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4% 0 |
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3% 2 |
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11.04.2025 07:43
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