Zomato scoops $150 Mn funding in a corporate round from Ant Financial
India's foodtech giant Zomato on Friday announced about its latest funding of $150 million from Ant Financial, a sub-organisation of China's Alibaba....
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Latest developments in startups, business, and technology across India, MENA, and global markets. Stay informed with breaking news, in-depth reporting, and analysis on entrepreneurship, innovation, and emerging trends.
DIFC enacts new leasing law to increase protections for property owners and tenants
HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has enacted a new DIFC Leasing Law No. 1 of 2020...
[Exclusive] temtem partners with Ooredoo to synergise value for their respective customers
The Algeria-based ride-hailing startup temtem in a move to support innovative technology solutions has partnered with the Doha, Qatar-based Ooredoo ...
Dubai-based SpiderSilk raises $500K in a seed round led by Global Ventures
Dubai-based cybersecurity startup SpiderSilk has raised $500K in a seed funding round led by Global Ventures along with participation from FutureTech...
Logistics startup Rivigo raises INR 25Cr debt funding from Trifecta
The Gurugram-based logistics startup standing over $1 billion valuation has recently raised its another debt round of INR 25Cr from Trifecta.
VentureSouq exits from Frontier Car Group of Germany
The Dubai-based investment platform for global early-stage technology businesses VentureSouq has taken its exit from the Berlin-based Frontier Car Group
Zoomcar is planning to acquire Revv – Hyundai may invest in the merger
The Bengaluru-based self-drive car rental startup Zoomcar is advancing into its plans to acquire its Gurugram-based competitor Revv.
[Big News] Uber closes the acquisition of Middle-Eastern rival Careem for $3.1 Billion
Careem Networks FZ-LLC is now a wholly-owned subsidiary of Uber. The co-founder & CEO of Careem Mudassir Sheikha will continue to lead the Careem business.
Government is planning to ask unlisted companies for quarterly or half-yearly financial statements
the government might ask unlisted companies to submit financial statements on a quarterly or half-yearly basis.
Cairo-based e-commerce enabler ExpandCart raises undisclosed sum from Agility Ventures
Agility Ventures, the venture capital arm of the global logistics company Agility has recently invested an undisclosed amount in ExpandCart...
Fashor – Chennai-based women’s apparel brand raises $1 Mn from Sprout Venture Partners
The Chennai-based women's fashion and apparel brand Fashor has recently raised $1 million in a Pre-Series A round led by Sprout Venture Partners...
Mubadala to decide on investing $6 bn in Pakistan’s refinery project by 2021
Abu-Dhabi's Mubadala Investment Company has recently shared its word about investing $6 billion (AED22.03bn) in Pakistani refinery project.