It was announced today that the well-known Saudi Company Tamer Group is to acquire Mumzworld. The group has interests in healthcare, beauty, and FMCG products and Mumzworld is the leading eCommerce platform in the region for mother, baby, and child products. Although they didn’t announce the details on the...
It was announced today that the popular Sydney-settled fintech platform Zip has procured Middle Eastern ‘buy now pay later’ platform Spotii for a venture worth $20M. The cash will be paid in Zip's shares, cash, or a bit of both. As a feature of the arrangement, Spotii investors will...
It was announced that the popular Egyptian-based logistic platform for eCommerce commercial center, Flextock raised a $3.25M Pre-Seed financing round. The round was held Foundation Ventures (Egypt), MSA Capital (China), CRE Venture Capital (South Africa), Alter Global (US), JIMCO – Jameel Investment Management Company (Saudi Arabia), B&Y Venture Partners...
It was recently announced that nybl, the popular UAE-based AI pioneer its obtaining Mexico's visual information mining and AI platform, Nubila. The platform is known for its various innovative arrangement that will see Nubila Founder Marlon de Jesús González join the nybl R&D group.
The securing is important for nybl's...
iKcon, a Dubai-based Cloud Kitchen Platform was founded by Khalid Baareh, the current CEO, and Kareem Abughazaleh, the COO of the platform back in 2019 and it’s the lead cloud kitchen service across the Middle East. They procure and delivers food on behalf of the restaurants and other brand...
Abu Dhabi has made another committee to manage the improvement of free zones in the emirate and survey enactment administering every one of them so that the regulations stay intact. The Executive Council of Abu Dhabi has given a choice to shape the Free Zones Council, led by the...
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...
Getir is been popular very recently for offering 10-minute grocery delivery. This Istanbul-based platform is turning into a revolutionized grocery delivery platform and they deliver about 1,500 items every day to the customers. Their delivery system is active 24 hours a week and they offer their fast delivery option...
A traceability and automation platform, Verofax Limited, led by Trove Capital UK, has in a Seed funding round secured $1.2million. Other investors include Kepler Fund Managers, MFD Holding, and Casablanca Holding.
This funding is simultaneous with the porting of the platform of Verofax on Microsoft Cloud and its current expansion in...
In 2022, Dania Alshowaikh, PK Shrivastava, and Ridaa Shah founded Daleel's platform, and now broadcasted news reports that Hambro Perks Spring Studios has given them an undisclosed investment round. This Bahrain-based financial marketplace, Daleel, is a platform created to help consumers find the best financial products or compare them...
