Egyptian Pravica raises $500K from 500 Startups
Cairo, Egypt-based Pravica today raised $500,000 in a Pre-Seed round led by 500 Startups with participation from Modus Capital and DYRES Venture.
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Latest developments in startups, business, and technology across India, MENA, North America, Europe, and global markets. Stay informed with breaking news, in-depth reporting, and expert analysis on entrepreneurship, innovation, and emerging trends.
Dubai’s EMPG acquires Thai online retailer Kaidee
Dubai-based online classified group Emerging Markets Property Group (EMPG) last week announced that it has acquired Thai's largest online marketplace Kaidee.
Lebanese music streaming platform Anghami pledges $3 Mn to support SMEs amid COVID-19
The leading music streaming platform of the Middle East, Anghami, revealed that it is running an initiative to support SMEs and artists amid the COVID-19 crisis.
Flipkart invests $28 Mn in its digital payments arm PhonePe
India's homegrown e-commerce giant now owned by Walmart has today announced the development of its digital payments arm PhonePe
Indian singer Sukhbir Singh invests in Delhi-based beauty startup Nature’s Tattva
Nature’s Tattva last week on April 20, made the announcement of its $150,000 funding round led by Bollywood singer Sukhbir Singh and Rakhee Singal
Swiggy to lay off its 500 – 900 cloud kitchen employees
Food delivery unicorn Swiggy plans to lay off around 500 to 900 cloud kitchen staff, which include mostly contractual employees.
Bira91 – India’s beer brand raises $30 Mn funding from Sequoia India & Sofina Capital
Bira91 on April 24 made the announcement of its latest bridge investment round of $20 million led by Sequoia India and Belgium's Sofina Capital.
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.
Mumm – Egyptian FoodTech Startup raises funding from Alex Angels
Cairo, Egypt-based footech startup Mumm has recently made the announcement of its Pre-Series A round closed with Alex Angels.
Dubai’s Axeed labs announces $272K launchpad for startups & SMEs
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.
Itilite – Bengaluru-based SaaS startup raised $13 Mn from Greenoaks & Dubai’s Vy Capital
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 Raises $2.8m and Signs over 40 Proof of Concepts in DIFC
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.