
Udaan lays off contractual employees amid COVID-19 – Offers one-month compensation & recommendation letter
India's B2B e-commerce startup unicorn has reportedly laid off several employees working on contractual basis with the company.
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India's B2B e-commerce startup unicorn has reportedly laid off several employees working on contractual basis with the company.

Cairo, Egypt-based footech startup Mumm has recently made the announcement of its Pre-Series A round closed with Alex Angels.

Dubai, UAE-based Axeed labs has launched a $272,000 SME and Startup Tech Launchpad campaign as a response to COVID-19 and ahead of Ramadan.

Bengaluru based software-as-a-service (SaaS) startup Itilite that focuses on business travel on April 18 raised $13 million from Greenoaks and Dubai's Vy Capital.

Startupbootcamp FinTech Dubai second cohort completes its accelerator program featuring 10 start-ups - raising $2.8 Mn & raising over 40 Proof of Concepts in DIFC.

Sakshi, a rights-based NGO, working towards preventing child sexual abuse has launched a digital campaign #MakeHomeASafeSpace amid COVID-19
![[Exclusive] Amsterdam-based entrepreneurs launch the global ‘COVID 19 Blockchain Fund’ to synergise Cryptocurrency for COVID-19 relief](https://laffaz.com/wp-content/uploads/2020/04/amsterdam-entrepreneurs-launch-global-covid-19-blockchain-fund-cryptocurrency-768x402.jpg)
One of such blockchain or crypto-based COVID-19 funds is the COVID 19 Blockchain Fund that aims to support the most affected nations.

Bengaluru-based edtech startup Vedantu that offers online tutoring to students on April 20 raised $6.8 million from South Korea's KB Global Platform Firm.

Oyo Hotels and Homes on Wednesday announced that it will cut a 25 percent from the salaries of its employees for April-July period

LimeTray will waive-off the set-up fee and also provide 30 percent discount to the restaurants in all Middle East countries including UAE, Egypt, Saudi Arabia, Lebanon, Qatar, and Kuwait...

Dubai's 360VUZ has today raised $5.8 million in a Series A investment round led by Shorooq Partners with participation from KBW, Media Visions, Vision...

TranferWise, a London-based global low-cost digital money transfer service has reportedly started operations in the UAE in a move to expand all across MENA