Sawari Ventures has closed their startups in their Egyptian-focused fund with about new commitments of $28M which roughly 440M in EGP. The commitments were from Kuwait Investment Authority’s Ekuity, Banque Misr, Suez Canal Bank, Misr Insurance Group, National Bank of Egypt, and Banque du Caire. In the previous round,...
One of the most popular ways marketers gain customers is by letting them test their products first. And that is done by giving them a sample product for them to test first and admire. And it’s still one of the most used methods to understand what their target consumers...
JOI Gifts, the popular UAE-based and both MENA servicing online gifts marketplace has managed to successfully raise about $2.5M in their latest Series A funding round. This particular Series A funding round was led by Knuru Capital, the Dubai-based VC focused on FinTech and consumer marketplaces. The funding round...
Amazon’s payment processing service in the MENA region, Amazon Payment Services has announced some changes about waiving all fees for the new businesses. Their aim is to benefit from the services that come with it in Egypt. Amazon Payment Services will postpone their services on accounts and support fees...
Egypt's Information Technology Institute (ITI) has joined forces with Google to dispatch the Machine Learning Developer, which hopes to qualify 30K programmers, college students, and software engineering graduates on Artificial Intelligence (AI) and Machine Learning backgrounds to make the team even greater. With literally a horde of APIs, Google...
Logistic and supply chain company, Trukkin has raised it's series A investment round of $7 million from Saudi based Emkan Capital.
Trukkin, founded in 2017 by Janardan Dalmia who used to work as a financial executive brands itself as a leading aggregator platform which matches shipping with trucking for a...
Retalio, the popular Saudi-based B2B E-trade commercial center startup has raised a $6.7M seed venture round very recently making them the biggest seed round speculation on record for a Saudi startup and that’s not all. The startup was led by Shorooq Partners and Abercross Holdings, and with the interest...
Cairo-based furniture eCommerce commercial center Homzmart has brought $15 million up in a Series A drove by MSA Capital and Nuwa Capital, it reported in an articulation today. The round additionally incorporated the interest of the Rise Capital, Impact46, EQ2 Ventures, and Outliers Venture Capital. It had recently brought...
Flat6Labs in Bahrain has provided seed investment to UAE based HR platform Knack. This B2B platform was founded in Sharjah, UAE in 2020 by Divesh Lachhwani and Amna Aljarwan in effort to provide coaching, mentor ship and other HR related services to companies; and at times individuals.
At the time...
Snapp group, the popular Iranian ride hailing and online service super app in a surprising change in tactics has for the first time published statistics about it's business and app for the year 2020. The private held company had long kept it's data close to it's chest, disclosing some...
