Interact Labs – Egyptian hardware startup secures funding commitment of $60K via The Nest
Egypt-based Interact Labs received a commitment of around $60K from participating angels in the fourth episode of Jimmy Chu's The Nest.
Egypt
Egypts digital lender Shahry raises $650K funding from Egbank
Cairo-based digital lending platform Shahry on Wednesday (13 May) raised $650K in a pre-seed funding round from an investment arm of Egbank.
Egyptian social commerce startup Brimore raises $3.5 Mn from Algebra Ventures & more
Cairo, Egypt-based social commerce startup Brimore has raised $3.5 million from Algebra Ventures, 500 Startups, Flat6Labs, Disruptech, and Vision Ventures.
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.
Egypt bans Resurrection Ertugrul Turkish TV series
The Turkish TV series Dirilis Ertugrul, available as Resurrection Ertugral on the OTT giant Netflix is witnessing a huge uproar amid the Covid-19 outbreak
ElCoach – Cairo-based fitness startup raises six-figure seed funding
Cairo, Egypt-based fitness startup ElCoach raised six-figure in a seed funding round on 18 March led by Endure Capital, 500 Startups, Wise Capital
Breadfast – Egyptian grocery delivery platform raised seven figures
Headquartered in Cairo, Egypt, Breadfast is a fresh bread and grocery delivery platform that yesterday raised seven figures
Mrayti – Jordan-based beauty tech startup expands to Egypt
Mrayti, Amman-based beauty services platform yesterday made the announcement of the commencement of their operations in Egypt
Vezeeta – Egypt-based healthtech platform raises $40 Mn funding from Gulf Capital
Vezeeta, the Cairo, Egypt-based digital healthtech platform today scooped $40 million in a Series D round led by Gulf Capital
[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.
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...