Funding - MENA startups, innovation, and tech news

Category: Funding

Sanjay Pahwa Calega

Sanjay Pahwa Calega Capital Director

Sanjay Pahwa is the Director at Calega Resources Investment LLC. Executive Director : Calega Resources Partner : Sygmia Consulting Group Chief Operations Officer, Middle East and Africa : Agility Logistics Global Integrated Logistics Senior Manager, Procurement and Materials Middle East : Kbr, Inc. General Manager :…

dubai startup funding

MUNCH:ON, based in the United Arab Emirates, has been acquired by Careem.

Another MENA-based M&A play involving a large player, a Tech startup, and a future-forward business model. Super App and Multi-Service provider Careem has acquired UAE-based Food Delivery Tech company MUNCH:ON MUNCH:ON was founded in 2016 by Mohammad Al Zaben, Dana Baki, and Awn Ali. It is a subscription-based food delivery platform that provides clients with discounted meals by utilising unused kitchen space and scheduling, packaging, and routing technology.  The method generates significant efficiencies for restaurants and cloud kitchens and has expanded the market for business lunches.  The UAEbasedIT business has raised more than $16 million over four fundraising rounds, with backing from a consortium of senior investors including Global Ventures, Shorooq Partners, Derayah, and Vision Ventures. Munch:On will stop doing business every day, and the service will be…