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Weekly Roundup – Top startup news you ought not to miss [23 Nov – 29 Nov]
Here’s to this week’s news roundup, featuring the top startup news from MENA and India published on LAFFAZ from 23 Nov to 29 Nov.
News
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.
FinaMaze, AI-powered asset management firm launches in ADGM, UAE
Abu Dhabi-based FinaMaze announces the launch of its ground-breaking AI-powered Robo Asset Manager for the MENA region.
Unacademy, India’s edtech unicorn bags undisclosed sum from Tiger Global & Dragoneer
Bengaluru, India-based edtech unicorn startup Unacademy, on Wednesday, raised an undisclosed sum from Tiger Global and Dragoneer.
Cars24 bags $200 Mn Series-E, enters unicorn club
Gurgaon, India-based used cars marketplace, Cars24 on Tuesday, raised $200 million Series E round led by DST Global, and existing investors.
MPL bags $90 Mn in Series B from SIG Global, OYO’s Ritesh Agarwal and others
Bengaluru-based fantasy sports platform Mobile Premier League (MPL), on Friday, raised $90 million in Series B round led by SIG Global & OYO.
UAE implements 100% foreign ownership for expat entrepreneurs, primarily Indians
Foreign business owners can own 100 percent of their businesses established in the UAE. The move leverages the skilled manpower of India.
Quiqup, Dubai’s same-day delivery startup raises $5.5m from Delivery Hero
Dubai, UAE-based Quiqup, a same-day delivery startup, on Tuesday raised $5.5 million in a funding round led by Delivery Hero.
Iraq’s Intellect Code announces full acquisition by Ahmed Gorani
Erbil, Iraq-based adtech startup Intellect Code, on Thursday announced full acquisition of its shares by Ahmed Gorani
Delhi High Court’s order on WhiteHat Jr vs Pradeep Poonia battle
Delhi High Court, on Monday granted an ad-interim injunction to WhiteHat Jr and its founder, Karan Bajaj - restraining Pradeep Poonia.
Tabib, Baghdad’s healthtech startup bags 6-figure seed funding
Baghdad, Iraq-based healthtech startup Tabib, on Thursday raised 6-figure investment in a seed funding round led by KAPITA and Nass Al Iraq.
Saudi’s Salla raises $8.5 million funding in Series A from STV
Saudi Arabia-based e-commerce Salla, on Tuesday raised SAR32 million ($8.5 million) Series A round led by STV.
Egypt’s Fantasy sports platform startup Eksab raises funding from 4DX Ventures
Cairo, Egypt-based Eksab, on Tuesday, raised $500,000 from 4DX Ventures, with participation from strategic investors.