Dubai

Amazon backs Indian meat startup FreshToHome in $104 million funding

Indian startup FreshToHome, which sells fresh fish and meat to consumers in the South Asian market and the Middle East region, has courted a new backer: Amazon. Amazon, through its India-focused Smbha

Dubai-based accounting and financial compliance startup, Wafeq, raises $3M

In 2016, the Gulf Cooperation Council (GCC) member states signed a value added tax (VAT) agreement paving the way for the introduction of the general levy on consumption across the region. The United

Valar Ventures leads $20M round in online brokerage platform baraka

Stock-trading apps have multiplied over the past couple of years, targeting varying demographics and audiences that they feel need to partake in investment activities to live healthier financial lives

Hong Kong to explore legalizing retail crypto trades in reversal of previous proposal

Hong Kong has proposed allowing retail investors to trade in cryptocurrencies and crypto exchange-traded funds and plans to conduct pilots in NFT issuance and CBDC as it looks to regain its status as

Dubai-based Stake raises $8 million to let people across the globe invest in local properties

Dubai-based startup Stake is offering retail investors from across the globe the opportunity to buy fractions of rental property in UAE’s marquee city and earn regular income. The startup, founded i

Exceptional Ventures joins Europe’s health and wellness gold rush with a new $24M fund

With the after-effect of the pandemic set to play out for years, VCs specializing in health, wellness and general ‘joy’ would appear to have rising fortunes. Funds such as Able Partners and Joyanc

Daily Crunch: Cartona will use $12M Series A to expand its Egypt-based, B2B e-commerce platform

Happy new week! Christine went on a well-deserved break, so you’ll have to deal with a double dose of my awful puns and worse headline shenanigans for a bit.

Crop One, Emirate open ‘world’s largest vertical farm’ in Dubai

Passengers on Emirates and other airlines will be able to eat the leafy greens, which include lettuces, arugula, mixed salad greens and spinach on their flights starting this month.

In Southeast Asia, a booming crypto scene

Southeast Asia, a diverse region with an expanding population and rising income, is emerging as a popular destination for crypto entrepreneurs and investors hunting down high-growth startups in the sp

SWVL plans to lay off 32% of its team two months after going public

Egypt-born and Dubai-headquartered mobility startup SWVL is planning to lay off 32% of its workforce it said in a statement today. The company’s LinkedIn profile shows it has over 1,330 employee

Crypto asset manager Babel Finance reaches $2B valuation

Despite recent swings in cryptocurrency values, many institutional investors appear undeterred. The growth of Babel Finance, which offers a suite of institution-facing crypto financial products, could

Zenda gets $9.4M to streamline school fee payment and management

Zenda, a UAE-based startup looking to change how parents pay school bills, and the way educational institutions manage fee collection, is eyeing Africa as its next frontier for growth. Zenda (formerly

Qureos raises $3M to grow its learn to earn platform

Qureos, a UAE-based edtech and remote work marketplace that is changing how people upskill and get jobs across the globe, plans to grow the uptake of its platform by 10 times this year in its race to

ZirooPay raises $11.4M to scale its mobile POS solutions for retailers across Nigeria

The number of POS terminals in Nigeria grew from 150,000 in 2017 to 543,000 in April 2021, according to Statista. During that period, the volume of POS payments in the country also increased tremend

All eyes are on Swvl as it starts trading on a SPAC combination

Mass transit and shared mobility provider Swvl went public today in a landmark moment for Egyptian and Middle Eastern tech ecosystems. It’s also a test for the company going public despite a market

Sequoia Capital India, STV back Dubai-based BNPL provider tabby in $54M extension round

Tabby, the Dubai-based buy now, pay later (BNPL) platform that lets users shop, pay later and earn cash from over 3,000 global brands, including Adidas, IKEA and Bloomingdale’s, has completed a

Volocopter raises $170M, now valued at $1.87B, to fuel first commercial launches of flying taxi fleet in 2024

Volocopter, the startup out of southern Germany (Bruchsal) that has been developing electric VTOL (vertical takeoff and landing) aircraft and a business model for operating them in taxi-style fleets i

African tech took center stage in 2021

Two years ago, the African tech ecosystem saw newfound attention from global players that translated to the continent’s best year of receiving venture capital. From varying sources, it is estimated

India’s Cars24, a used-vehicle sales platform, raises $400M, now at a $3.3B valuation, to double down on growth

With supply chains in the automotive industry continuing to be disrupted due to COVID-19, demand has surged in the used-car market. Today, one of the startups that’s seeing a lot of growth as a

Egypt-based celebrity platform Minly acquires Dubai’s Oulo to consolidate its position in the GCC

Minly, a MENA-based media and entertainment startup, announced today that it has acquired Oulo, a Dubai-based celebrity shoutout platform, for an undisclosed fee. The acquisition is coming six months
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