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...
It was announced that one of the UAE’s leading institutional investors EDB aka The Emirates Development Bank has signed an agreement with the country’s first peer-to-peer (P2P) lending platform, Beehive. While allocating just over $8M which is roughly AED 30M in funding for the platform to distribute to creditworthy...
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...
Zid has successfully raised about $7M in a Series A funding round. This KSA-based eCommerce platform was able to raise 26M SAR which was led mainly by Global Ventures along with other existing investors that includes Arzan VC and Elm.
But this wasn’t the first investment Zid had received. In...
Ranking Report for 2021 MENA Venture Investor revealed that in 2020, there was a decline in accelerator activity, with ​10%​ of all active investors being accelerators in MENA across all countries for its lowest level in five-years. This indicates a 29% ​reduction from the previous year.
With 2020 bringing a...
Khazna, the popular fintech platform from Egypt has been selected to compete in the inaugural edition of the Last Mile MOney Accelerator program which is managed by IDEO. ANd it’s directly funded by the Bill & Melinda Gates Foundation.
Khazna has an inclusive financial technology with a goal to enhance...
Getir has become one of the most valued grocery delivery apps right now that has achieved unicorn status. Headquartered in Istanbul, this ultra fast grocery delivery platform already tripled its valuation to $2.6B in less than 2 months. Co-led by Tiger Global and Sequoia Capital, their valuation was increased...
Podro Iran’s delivery and logistics startup raised $12.5 million (300 billion Toman) from Fanap, an old guard of Iran’s digital ecosystem. Podro offers small to medium sized businesses B2B and B2C services, with many Iranians using social media to open store fronts to sell products and goods such as...
It was announced today that Eyewa, the popular Dubai-based eyewear startup has raised about $21M in a Series B round. The round was co-led by Kingsway Capital and Nuwa Capital. There was also notable participation from French Partners, Endeavor Catalyst, Derayah Ventures, Palm Drive, and Hardy Capital. And it...
It was announced today that Kitopi, the popular cloud kitchen startup from Dubai has managed to raise about $415M in a Series C round. The round was led by SoftBank’s Vision Fund 2. The round is notably one of the biggest financing rounds led by a venture-back company in...
