Wamda

U.A.E

Digital bank Zand set to launch after Dubai Bank acquisition

The shareholders of Zand, a digital bank that caters to retail and corporate clients, have acquired a majority stake in Dubai Bank...

neobanks Zand

U.A.E

CARS24 raises $300 million Series G round led by Alpha Wave

Abu Dhabi's Alpha Wave has led a $300 million Series G round for India's used cars marketplace CARS24. The round also saw...

CARS24 Alpha Wave

U.A.E

SimpliFi raises $5.1 million in funding to enhance its technology

UAE-based Cards as a Service (CaaS) platform for Mena and Pakistan SimpliFi, has raised $5.1 million in funding, from Global Founders...

SimpliFi CaaS Ra'ed Ventures

U.A.E

Wamda participates in Englease's $3.4 million Seed round

Wamda has participated in UAE-based online English teaching platform Englease.com's $3.4 million Seed round, co-led by US-based...

EdTech Englease

U.A.E

Mindshift Capital doubles fund size

UAE and US-based venture capital firm Mindshift Capital has doubled its fund size attracting new US and Middle East investors to its...

Mindshift Capital

Egypt

UAE’s ADQ to invest in Egypt as part of TSFE deal

Abu Dhabi’s state-owned holding firm ADQ has expanded its services into Egypt, by opening its Cairo office. The opening of...

ADQ Sovereign Fund of Egypt TSFE

U.A.E

MEVP makes partial exit from UK’s Fresha

UAE-based VC MEVP has made a partial exit from its investment in the UK-headquartered beauty app Fresha, with a secondary sale in the...

MEVP Fresha

U.A.E

Chimera Capital closes first VC fund at $75 million

UAE-based Chimera Capital Ltd has closed its first venture capital fund at $75 million, backed by Mubadala Investment Company alongside...

Chimera Capital fund

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...

Careeem quick commerce e-grocery

Egypt

Minly acquires UAE’s shoutout platform Oulo

Egypt-based celebrity shoutout platform Minly has acquired its UAE rival Oulo for an undisclosed amount. Minly’s decision to...

Minly oulo

U.A.E

Childcare marketplace PureBorn raises $2 million Seed round

Dubai-based childcare marketplace PureBorn has raised a $2 million Seed funding round. Launched in 2017 by Hannah Curran, PureBorn...

PureBorn E-commerce

Regional

Opontia raises $42 million in Series A

UAE-based e-commerce enabler Opontia has raised $42 million in equity and debt in a Series A round led by STV. Opontia, founded by...

Opontia

U.A.E

UAE-based RemotePass raises pre-Series A round

UAE-based recruitment platform RemotePass has raised its pre-Series A round, led by BECO Capital with participation from Wamda,...

RemotePass recruitement

Regional

PepsiCo launches Mena edition of Greenhouse accelerator programme

PepsiCo has launched the Mena edition of its global greentech accelerator programme in partnership with the UAE Ministry of Climate...

Pepsico

U.A.E

GrubTech raises $13 million Series A round

UAE-based foodtech startup GrubTech has raised a $13 million Series A investment led by Addition, alongside BY Ventures and Hambro...

GrubTech foodtech

U.A.E

UAE’s ZIWO raises pre-Series B round

UAE-based SaaS startup ZIWO has raised a seven-digit pre-Series B investment round from its current investors. Founded in 2010 by...

ZIWO Telecommunication

U.A.E

Arcab raises Seed round led by We Founder Circle

UAE-based bus aggregator Arcab has raised an undisclosed Seed round from We Founder Circle. Founded by Neeraj Tyagi and Bilal...

Arcab Mobiltiy

U.A.E

Edfundo rasies $400,000 in pre-Seed, prepares for $1.5 million Seed round

UAE-based Edfunfo, a children's financial literacy app, has raised $400,000 in a pre-Seed funding round. Founded by Simon Wing...

Edfundo kids-focused fintechs

U.A.E

Mindshift Capital invests in US femtech Rosy

UAE-based VC Mindshift Capital has invested in US-based healthtech Rosy, as part of its $2 million Seed round. Founded in 2019 by...

Mindshift Capital Rosy femtech

U.A.E

CARS24 raises $20 million debt funding from CBD

India-based automotive e-commerce platform CARS24 has raised Dh75 million ($20 million) in local debt funding from the Commercial Bank...

CARS24 Commercial Bank of Dubai

U.A.E

Cashfree pumps $15 million equity investment into UAE’s Telr

India-based payments and API banking solutions company, Cashfree Payments has allocated an equity investment of $15 million in Telr, a...

Cashfree Telr

U.A.E

Dubai's iMile raises $40 million to connect Chinese sellers to emerging markets

Dubai-based last mile delivery company iMile, has raised a $40 million Series A round at a $350...

iMile

U.A.E

UAE accedes to Madrid Protocol: What does this mean for founders in the UAE?

Bianca Gracias is a partner at ICLO, a UAE-based legal services firm The Madrid System is a convenient and cost-effective solution for...

trademarks

U.A.E

UAE Splashlight Studios raises $1 million Seed round from Eagle Ventures

UAE-based e-commerce digital solutions provider Splashlight Studios has raised Seed funding of $1 million from Eagle Ventures. Founded...

Splashlight Studios e--commerce Solutions

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