Invygo raises $1 Mn funding from EQ2 Ventures, Class 5 Global, and 500 Startups
Dubai, UAE-based Invygo, a car-rental startup on Tuesday raised $1 million in a Pre-Series A round led by EQ2 Ventures, Class 5 Global and 500 Startups.
MENA
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Egypts digital lender Shahry raises $650K funding from Egbank
Cairo-based digital lending platform Shahry on Wednesday (13 May) raised $650K in a pre-seed funding round from an investment arm of Egbank.
Lumofy – Bahraini edtech startup offers free services to accelerate digital learning amid COVID-19
Bahrain-based edtech startup Lumofy has recently announced that the company will provide its suite of e-learning focused solutions for free
Dubai’s AHOY raises Seed funding to disrupt with its mobility technology amid COVID-19
AHOY in an ongoing seed funding round has so far raised 7-figure amount (AED) to advance its core technology and deploy the same as a SaaS model.
Egyptian social commerce startup Brimore raises $3.5 Mn from Algebra Ventures & more
Cairo, Egypt-based social commerce startup Brimore has raised $3.5 million from Algebra Ventures, 500 Startups, Flat6Labs, Disruptech, and Vision Ventures.
CODED announces its demo-day to graduate their first group of full-stack developers
Kuwait's CODED yesterday, May 7 announced its demo-day to graduate its first group of full-stack developers from Amman, Jordan
KSA’s Sportstech startup Grintafy raises $1.25 Mn seed funding from Wa’ed Ventures
Grintafy Technologies, a sportstech startup today announced that it has raised $1.25 million in a seed funding round led by Wa'ed Ventures
Intel acquires Israeli mobility startup Moovit for $900 Mn
Intel on Monday announced that the company has acquired the HaMerkaz, Israel headquartered mobility startup Moovit for $900 million.
Curefit Lays off 800 employees, implements salary cuts & shuts down centres in India & UAE
Curefit has reportedly laid off over 800 employees across and shut down a number of gyms and centres across India and the UAE
Careem lays off 31% workforce amid losses due to COVID-19
Careem has recently announced that it is officially laying off 31 percent of its employees in a wake of huge losses amid the COVID-19 crisis.
Instabug raises $5 Mn in Series A funding round from Accel
Headquartered in California, US, Instabug yesterday announced that it has raised a $5 million in a Series A round from Accel.
Uber Eats exits 7 markets including Egypt & KSA, will operate under Careem Now in UAE
The foodtech joint of the international ride-hailing unicorn Uber has shut down its operations in a total of 7 markets including Egypt and Saudi Arabia.