Startups
Two brothers, one startup and an urge to create an honest impactful brand: Groovy’s inspiring story
While we all were sitting home, groovy started out with a vision to create and give Mitkaran Singh and Rajneesh Sharma started the production of fresh and original juices and they sold 150ml packs for 10 INR each. They started out in the year 2020…
Jordan’s Book Summary Start-up Wajeez Raises $3 Million in Pre-Series A Round
Jordan-based EdTech startup and book summary platform Wazeej, has successfully raised $3 million in a pre-series A round. The funding round that was led by technology venture capital fundSTV, also witnessed the participation of Abu Dhabi’s Shorooq Partners, Jordan’sMawdoo3, and Wise Venture. Founders Wajeez was…
Cairo Based Discount App Startup: LUCKY
Algebra Ventures has invested in Egyptian loyalty solutions firm Dsquares ahead of the launch of its B2C consumer-tech product, the Lucky Discounts App. ABOUT Dsquares was founded in 2012 by Marwan Kenawy, Ayman Essawy, and Momtaz Moussa to assist businesses to enhance client loyalty and…
Presenting before you all PayTabs to power the future of payments in the MENA region
Do you also like to have instant access to the amount paid by your clients using all major credit cards from all over the globe on your websites or mobile apps with just one click? Then go no farther than this comprehensive payment processing solution…
News
India-based PolicyBazaar raises $75M in order to expand in the middle east market
PolicyBazaar has raised around $75M in order to expand its network in the middle east market. The funding was led by US-based Falcon Edge Capital. The company had experienced a 66% increase in revenue to $70M in FY2020 but had also experienced a loss of…
Shiprocket has received $41.3 million in financing from PayPal Ventures and Bertelsmann
“It doesn’t matter how long you’ve been in the business. It all comes down to the calibre of your years of experience.”- Shiprocket Highlights of the article New investor Tech Edge Ventures joined existing investors March Capital and Tribe Capital in the round. The most…
Eyewear Unicorn Lenskart Secures $220 million, To Expand in Asia and Middle East
Omni-channel eyewear brand Lenskart, secured $220 million in a funding round that was led by Temasek Holdings Pte and Falcon Edge Capital. The round also witnessed the participation of existing investors Bay Capital and Chiratae Ventures, valuing the startup at $2.5 billion. Avendus Capitalacted as…
Connect Ads, MENA’s Platform for Digital Initiativesis acquired by Aleph for 86 per cent
ConnectAds is the platform of choice for the largest names in the digital business. Aleph Holding, a global partner to the world’s largest digital media companies, has confirmed the cash and stock swap acquisition of 86 percent of Connect Ads. Aleph Holding will join…
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How to pay a visit to Dubai’s Expo-2020 site
EXPO 2020 THEME- CONNECTING MINDS, CREATING THE FUTURE Last year, the economy contracted by 6.6%, while the government announced a series of reforms aimed at attracting investment and helping businesses Reem Al Hashimy, director-general of the Dubai Expo 2020, stated that “The world has…
Dubai Silicon Oasis Property may get divested by ENBD REIT
In a filing on Nasdaq Dubai, the company stated that its Board Of Directors has obtained & undertook a letter of intent in respect to the mentioned asset, which adds up to roughly 6% of the firm’s overall portfolio & 11.8% of the current NAV….
Flight ban leaves frontline workers stranded, urge for entry into UAE for vaccinated ones
UAE’s frontline workers, exemplary battled the COVID-19 pandemic, citizens trapped outside the country due to a flight ban, have nudged the authorities to entitle them to return to the Arabian Gulf Nation. They pleaded with UAE officials to permit those who have received a shot…
Second wave of Covid-19 hits India
Corona Virus in South Asia excels to 30million. According to the press association tally of official data controlled by India, scrambled by the second wave of COVID-19, additionally, there is a paucity of vaccine across the whole land. South Asia region considering India, Bangladesh, Pakistan,…
SHARJAH, AJMAN ALLOWS GLOBAL INVESTORS TO HAVE 100% OWNERSHIP
Investors have begun enforcing 100% foreign holdings in Sharjah’s Economic Development (SEDD) & ADED (Ajman department of economic development). This is done without special capital requirements or extra costs for overseas investors. The judgment also allows, international corporations to operate in the emirates without the…
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Funding
Cairo’s Taager enlarges its funding to $6.4m seed for its social eCommerce platform
Cairo-Egypt-based social eCommerce platform raised around $6.4M for its seed round on the 15th of July 2021. The company has 5 investors till now. During the seed round the participation of Raed Ventures, Beco Capital, Breyer Capital, and some individual investors including Careem’s Magnus Olsson…
Faisalabad based fintech DigiKhata raises $2 million in a seed round on 8th July
Pakistan-Faisalabad-based fintech: DigiKhata raised around $2 million in a seed round on 8th July, 2021 to empower and support small businesses. With $2.1 million as their total funding, the raise was guided by Chinese VC MSA Capital and joined by Shorooq Partners, SOSV, +92 Ventures,…
Jordan’s Book Summary Start-up Wajeez Raises $3 Million in Pre-Series A Round
Jordan-based EdTech startup and book summary platform Wazeej, has successfully raised $3 million in a pre-series A round. The funding round that was led by technology venture capital fundSTV, also witnessed the participation of Abu Dhabi’s Shorooq Partners, Jordan’sMawdoo3, and Wise Venture. Founders Wajeez was…
Startups
Two brothers, one startup and an urge to create an honest impactful brand: Groovy’s inspiring story
While we all were sitting home, groovy started out with a vision to create and give Mitkaran Singh and Rajneesh Sharma started the production of fresh and original juices and they sold 150ml packs for 10 INR each. They started out in the year 2020…
Jordan’s Book Summary Start-up Wajeez Raises $3 Million in Pre-Series A Round
Jordan-based EdTech startup and book summary platform Wazeej, has successfully raised $3 million in a pre-series A round. The funding round that was led by technology venture capital fundSTV, also witnessed the participation of Abu Dhabi’s Shorooq Partners, Jordan’sMawdoo3, and Wise Venture. Founders Wajeez was…
Cairo Based Discount App Startup: LUCKY
Algebra Ventures has invested in Egyptian loyalty solutions firm Dsquares ahead of the launch of its B2C consumer-tech product, the Lucky Discounts App. ABOUT Dsquares was founded in 2012 by Marwan Kenawy, Ayman Essawy, and Momtaz Moussa to assist businesses to enhance client loyalty and…
Presenting before you all PayTabs to power the future of payments in the MENA region
Do you also like to have instant access to the amount paid by your clients using all major credit cards from all over the globe on your websites or mobile apps with just one click? Then go no farther than this comprehensive payment processing solution…
Expo 2020 Dubai
A complete guide to Expo 2020 Metro Extension line in Dubai
The inauguration of a 15 km long extension to the Metro Red line – Route 2020, was done by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President as well as Prime Minister that belongs to UAE and Ruler of Dubai. The opening of…
A complete guide to plan your stay in Dubai during Expo-2020
Despite being held in 2021 this expo is named Expo 2020 With the theme- “Connecting minds, creating the future”, UAE is creating yet another beautiful experience for everyone around. The city & its hotel witnesses one of the peak season during this time hence you…
A guide to the safest travel options, if you are a woman traveling for Expo 2020.
Expo 2020, now to be held in 2021. Know all about dates, tickets, and travel in this article. Dubai, which is one of the 7 emirates of the United Arab Emirates, is amongst the world’s most popular destinations for travel and tourism as well as…
IPL Enters EXPO 2020 Dubai: The catalyst for change
Rajasthan Royals, the pink team of the Indian premier league announces a marvelous title sponsorship deal with Expo 2020 Dubai for the upcoming 14th season of IPL. As a part of the association, “Expo 2020 Dubai” will appear on the front of Rajasthan Royals’ jersey…
FIDE world chess championship to be held at Dubai Expo 2020
The upcoming FIDE World Chess Championship, which is the highlight of the world chess calendar, is all set to take place at the state-of-the-art Dubai Exhibition Centre, co-located at Expo 2020, from November 24 to December 16. NEW DATES AND EXCITEMENT The world governing body…
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Flight ban leaves frontline workers stranded, urge for entry into UAE for vaccinated ones
UAE’s frontline workers, exemplary battled the COVID-19 pandemic, citizens trapped outside the country due to a flight ban, have nudged the authorities to entitle them to return to the Arabian Gulf Nation. They pleaded with UAE officials to permit those who have received a shot…
Small Town, Big Dreams: Success Story Of Thyrocare
Thyrocare, the world’s biggest preventative healthcare lab and diagnostic centre, was founded by Arokiaswamy Velumani and has become synonymous with excellence and cost. Astonishingly, a millionaire like Velumani doesn’t possess a car and lives in a modest apartment above his huge laboratory in Navi Mumbai….
Dare to be different: Dokkan Afkar’s hunger to start something unique
Michael Arrington the founder of TechCrunch had quoted: “The best startups generally come from somebody needing to scratch an itch.” It is beautiful how one can start from the bottom and fill out someone’s life with experiences that should be remembered. Each startup, business leaves…
A Must-read book collection for entrepreneurs to get them started
Having a vision is great but there is a big difference between having a great vision and shaping it into a successful & scalable business. Are you someone who’s passionate about starting your own business & wants to put your amazing & unique ideas in…
iMile: The Last Mile Delivery Company, Expanding Its Growth
With the advent of e-commerce in Egypt, local businesses are concentrating their efforts on establishing methods to improve online commerce. iMile is well-positioned to serve the expanding e-commerce environment in the country as a platform that delivers high-quality first-mile, international mile, and regional last-mile delivery…