Invaluable startup news, business ecosystem updates related to Entrepreneurs, Corporates, Policies and stories augmenting and disrupting the startup ecosystem of MENA and India.

  • ShareChat denies reports around its $40 Mn funding

    ShareChat has denied all reports regarding its $200 million fundraising from existing backers to scale its new TikTok-like video offering Moj.

  • Lebanon’s Lemonade Fashion closes a pre-seed funding round

    Lemonade Fashion, an online marketplace for made-to-order designers apparel, received pre-seed investment from Draper University Ventures in San Francisco.

  • Saudi’s launches AI-powered software to improve road safety, a Saudi Arabia-based startup last week announced the launch of its AI-powered software that aims to improve road safety.

  • Iraq’s Lezzoo raises 7-figure seed funding

    Iraq’s Lezzoo, a delivery & e-payment platform last week raised 7-figure seed funding from Northern Gulf Partners and Pay It Forward Venture Capital.

  • PayBy partners with LuLu to provide contactless & secure payment options

    UAE’s PayBy has reportedly partnered with LuLu Group, and launched contactless payment options across LuLu’s 60 hypermarkets and stores in the UAE.

  • SEAF announces ASMA Invest, a new investor to support startups and innovation in Morocco

    SEAF Morocco Growth Fund (SMGF) welcomes ASMA Invest as a new investor to support innovation and startups across Morocco.

  • FineDine – Turkey’s restaurant management platform raises $600K funding

    Istanbul, Turkey-based FineDine, an AI-driven online ordering and restaurant management platform, has raised $600,000 in a Pre-Series A round

  • HT Media to acquire parent Mosaic Media from News Corp

    HT Media Ltd, is reportedly projecting plans to acquire the parent entity Mosaic Media Ventures Pvt. Ltd from News Corp.

  • Swiggy to layoff 350 employees due to COVID-19

    After laying off 1100 employees back in May, Swiggy is again set to lay off 350 employees as a part of its realignment exercise amid COVID-19.

  • Social-commerce startup BulBul raises $8.7 Mn funding from Info Edge

    Gurgaon, Haryana-based BulBul, a social-commerce startup that lets people sell their products by leveraging its video streaming avenue, has raised $8.7 Mn

  • Freshworks – India’s SaaS unicorn startup scoops $85 Mn from Steadview Capital

    Freshworks (formerly, Freshdesk) on Monday announced that it has raised $85 million from Steadview Capital, a London-based alternative asset management firm.

  • Startupbootcamp brings headquarters to Dubai International Financial Centre

    Startupbootcamp, one of the world’s most active global industry-focused startup accelerators and investor, has established headquarters in DIFC.

  • tabby & offer ‘ZERO Fee Monthly Plan’ for insurance in the UAE

    Souqalmal dials up its COVID-19 relief efforts – Becomes the first comparison site in the country to offer free-of-charge monthly payment plan

  • Saudi’s launches new app for bespoke tailored thobes

    Saudi-based, an online marketplace with the biggest pool of tailors to make the thobe buying and stitching experience easier

  • Rology – Egypt’s healthtech startup raises undisclosed funds from DAI

    Egypt-based healthtech startup Rology, has raised investment from Dubai Angel Investors (DAI). The amount raised was not disclosed.