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, 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 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 ➜
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 ➜
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-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 ➜