Uber to lay off 3,700 employees – More cost-cutting measures coming soon
Uber in a filing with the Securities and Exchange Commission on Saturday, May 2 disclosed that it will lay off 3,700 employees
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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
Travel Triangle board lays off the company’s CEO & CTO
Gurugram, India-based travel and hospitality startup, Travel Triangle has relieved its CEO Sankalp Agarwal and CTO Prabhat Gupta.
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.
Sheraa sets up $1 Mn Equity-free Grant Pool to support startups amid COVID-19
In honour of the #UbuntuLoveChallenge the fund will aid startups ensuring they remain afloat, and tide over these uncertain times.
Flat6Labs Bahrain holds their first Digital Demo Day for its 4th Cycle
Flat6Labs Bahrain is holding their first Digital Demo Day for its 4th Cycle where 7 innovative startups will be presenting their businesses virtually.
EMPG announces merger with OLX Group, raises $150 Mn & reaches unicorn status
Dubai's online classified group EMPG and Amsterdam-based OLX Group have recently announced a merger in Pakistan, Egypt, Lebanon, and the UAE
yallacompare raises $4.25 Mn from Gulf Insurance Group
Middle East's leading finance comparison platform today announced that it has raised $4.25 from Gulf Insurance Group (gig)