Wamda

Egypt

Egypt’s Dopay secures $13.5 million Series A extension round

Egypt-headquartered fintech Dopay has closed a $13.5 million Series A extension round, topping up a previous $18 million Series A round raised in 2021. The new round is led by Argentem ...

Dopay Fintech Argentem Creek Partners

Saudi Arabia

Naeem closes pre-Seed round led by Lunment

Saudi Arabia-based SaaS platform for the salon and beauty sector, Naeem, has closed a pre-Seed round for an unknown amount, led by Lunment and a group of angel investors. Founded in 202...

Naeem Lunment Self Care

U.A.E

e& acquires majority stake in Careem’s Super App for $400 million

UAE-headquartered communication firm e& (formerly Etisalat) has acquired a 50.03 per cent stake in Careem’s Super App spinout for $400 million. Careem’s ride-hailing bus...

e& Careeem super app

Turkey

After splitting from Swvl, Volt Lines raises carve-out round

Turkey-based ride-hail company Volt Lines has closed its carve-out round, with a 30 per cent oversubscription, after splitting from SWVL in January. Founded in 2017 by Aly Halabi, ...

Volt Lines Swvl Wamda Capital

U.A.E

Careem suspends operations in Qatar

UAE-based superapp Careem has suspended its operations in Qatar. The Uber-backed app launched its service in Qatar in 2013, a year after its founding. The announcement came a month af...

careem

Global

NB Ventures invests in $1.2 million Seed round for India’s career-tech Suraasa

UAE-based NB Ventures has invested in India-based career-tech Suraasa's $1.2 million Seed round, led by Inflection Point Ventures. Other investors participating in this round includ...

Suraasa NB Ventures

Regional

What is next for Careem's mobility of money?

Careem remains one of the Middle East’s biggest success stories, inspiring a legion of entrepreneurs and generating one of the biggest startup “mafias” in the region. Since...

Careem Pay careem Fintech

U.A.E

Secret Skin raises $765,000 pre-Seed

UAE-based skincare sustainable beauty platform Secret Skin, has raised $765,000 in a pre-Seed funding round, led by angel investors, with participation from INSEAD and Wharton Alumni grou...

Secret Skin Beauty skin care

Regional

Can the Mena region be a leader in inclusive capital?

Regie Mauricio is the research manager at the Legatum Centre for Development and Entrepreneurship at MIT. Dina H. Sherif is the executive director of the Legatum Centre for Development an...

unicorns Careem Mafia

U.A.E

ChatFood partners with Careem Express to launch delivery solution in UAE, KSA, Qatar

UAE-headquartered, omnichannel ordering and data-driven marketing platform, ChatFood, announces its newly reinforced delivery logistic partnership with Careem Express, the logistic arm of th...

ChatFood Careem Express

U.A.E

Careem acquires money transfer technology platform Denarii

UAE-based super app Careem has acquired the assets of Denarii, a Dubai-based money transfer platform. The value of the deal was not disclosed. Founded in 2019 by Jon Santillan and...

Careem Pay careem Denarii

U.A.E

Careem acquires food delivery startup MUNCH:ON

UAE-based super app Careem has acquired food delivery subscription platform MUNCH:ON, as it looks to expand its offerings in the food delivery space. Founded in 2016 by M...

Munch:On careem Food delivery

U.A.E

Careem expands its focus to financial services

Careem is shifting its focus from ride-hailing to financial services, in a move that will position the super app as a key fintech player in the Middle East and Pakistan market.&nbs...

careem Fintech Careem Pay

Egypt

Careem invests in Egypt’s elmenus

Egypt-based food delivery app elmenus has raised an undisclosed amount of funding from Careem. Founded in 2011 by Amir Allam, elmenus is a good delivery platform that allows users to di...

careem ElMenus

U.A.E

Careem enters quick-commerce space with launch of dark store grocery network

Careem is expanding its groceries offering by launching Careem Quik in the UAE, a quick-commerce e-grocery service enabled by a hyperlocal dark store network. Targeting a...

Careeem quick commerce e-grocery

Egypt

EdVentures invests $200,000 in Career 180 platform

Cairo-based edtech platform Career 180 has raised $200,000 from EdVentures. Founded in 2016 by Mohamed Akmal and Shorouk Alaa Eldin, Career 180 assists youth to develop their skills to ...

EdVentures Career 180

Saudi Arabia

Glance Care raises seven-figure Seed round

Saudi-based Healthtech and digital consultation platform Glance Care has raised an undisclosed seven-figure Seed round led by the Sanabil 500 MENA Seed Accelerator Fund with participation...

Glance Care

Saudi Arabia

Uber, Careem face $100 million tax bill in KSA

Uber and its Dubai-based subsidiary Careem are facing a combined tax bill worth $100 million imposed by the Saudi authorities according to a report from Bloomberg. The bills date back s...

Uber careem Fetcher

Regional

Should we care about Philosophy of AI in the Mena region?

Aliah Yacoub is an AI philosopher and head of techQualia at Egypt-based Synapse Analytics, a data science and AI company The artificial intelligence (AI) race between the global pow...

Artificial intelligence AI

Global

Localized raises $2.2 million Seed round

US-headquartered Localized, a platform that connects job seekers in the Middle East and North Africa (Mena) region with local and international career opportunities and resources, ha...

Localized Job listing seed

U.A.E

The office beckons for Careem

When remote working was imposed on majority of the world’s office workers last year, some embraced it with gusto, while others struggled with the lack of interaction with their co...

remote working careem

Jordan

CarSeer raises six-figure Seed investment

Jordan-based CarSeer, has secured a six-figure Seed investment from Arzan Venture Capital. Co-founded by Hashim Hasan and Amjad Al-Zabin in 2015, CarSeer offers vehicle history reports,...

CarSeer automotive Arzan Venture Capital

U.A.E

Careem launches subscription model Careem Plus

Careem launches Dh39 subscription and loyalty offering in the UAE The programme offers credit back on rides as well as free delivery for food and grocery shopping Subscription models ...

subscription careem

Regional

Careem’s tech drive: Going beyond mobility

When Careem first launched its ride-hailing service, everything was done manually. Sourcing the drivers was done via SMS, user requests came through via email and the two co-founders, Mudass...

careem super app

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