Weekly Roundup – Top startup news you ought not to miss [Sep 14 – Sep 20]

Weekly Roundup - Top startup news you ought not to miss [Sep 14 - Sep 20]
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Here’s to this week’s news roundup, featuring the top startup news and stories from MENA and India published on LAFFAZ from 14 to 20 September, 2020.

Top Startup News & Stories of Week

The following list encompasses the selected news feeds out of the ones published on LAFFAZ last week – talking about MENA startups and the Indian startup ecosystem, such as startup funding updates, acquisitions, partnerships, developments, launches and other major announcements.

Alsaree3 – Iraqi foodtech startup raises six-figure seed funding

Alsaree3, a Baghdad, Iraq-based food delivery app and its sister company Al Zajel, have recently closed a 6-figure seed funding round led Iraq Tech Ventures and Shwan Ibrahim Taha, Chairman of Rabee Securities. The company in a press release revealed that the investment round was closed in August. Read More ➜

Google removes Paytm app from Google Play Store due to policy violation

Google on Friday (18 September 2020) has reportedly removed the popular payments and e-wallet app Paytm from Google Play Store. Google claims that the apps prohibit Play Store policy by processing gambling and betting related payments. Read More ➜

India’s edtech unicorn BYJU’S acquires LabInApp

Edtech unicorn BYJU’S on Thursday (September 17 2020) acquired LabinApp, an edtech startup backed by Unitus Ventures. The amount of acquisition has not been disclosed yet. As a part of the acquisition, Unitus will take exit from the company. Read More ➜

New York’s Endeavor Catalyst raises $134 Mn for Fund III from Careem & more

The New York, US-based venture capitalist Endeavor Catalyst yesterday (16 September 2020) announced that it has raised $134 million for its Fund III. The fund focuses on investing in startups founded by entrepreneurs in Endeavor’s network, especially in the underserved markets globally. Read More ➜

Delhi’s EkAnek raises $5.4 Mn funding from UAE’s Alpha Wave Incubation

Delhi-based EkAnek on Monday raised $5.4 million (around INR 40 crore) in a Series A1 round led by UAE’s Alpha Wave Incubation (AWI) Fund, a $300 million venture fund managed by Falcon Edge Capital. The round also saw participation from EkAnek’s existing investors including Matrix Partners India, Sequoia Capital India, and Lightspeed India. Read More ➜