News

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 Hazen.ai launches AI-powered software to improve road safety

    Hazen.ai, 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 VCCircle.com parent Mosaic Media from News Corp

    HT Media Ltd, is reportedly projecting plans to acquire the VCCircle.com 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 & Souqalmal.com 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 Trteeb.co launches new app for bespoke tailored thobes

    Saudi-based Trteeb.co, 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.