Funding

Weekly Roundup – Top startup news you ought not to miss [16 Nov – 22 Nov]

Here’s to this week’s news roundup, featuring the top startup news from MENA and India published on LAFFAZ from 16 Nov to 22 Nov.

Bahrain's Investcorp, on Sunday announced that it has invested an undisclosed sum in the Series E round for Indian logistics company, Xpressbees

Egypt's e-commerce solution provider, ExpandCart, on Sunday raised $2.5 million in Series A round, led by Sawari Ventures.

Gurugram and Korea-based mobile balance management service startup, True Balance, raised a whopping $28 million in Series D funding round.

UAE-based F&B startup Fruitful Day, on Thursday raised AED 3 million (around $817K) via Eureeca, an equity crowdfunding platform.

UAE-based legal-tech software editor, App4Legal, on Monday raised Pre-Series A funding from Betatron and Dubai Angel Investors.

Onboard, Tunisian 3D customer experience startup, on Tuesday, raised $175K funding from Kepple Africa Ventures and some entrepreneurs.

Micro-mobility startup, Fenix, on Wednesday launched in the UAE, post-raising seed capital of $3.8 million from Israel's Maniv Mobility.

Egypt-based Wuilt, a SaaS Arabic website builder, on Tuesday, raised $535K seed funding from DAAL VC, MENA Tech Fund, & Flat6Labs Cairo.

Saudi Arabia-based Vision Ventures, on Sunday, invested an undisclosed amount in the Saudi Arabia-based smart locker startup RedBox.

Bengaluru's edtech FrontRow, on Wednesday, raised $3.2 million from Lightspeed, Elevation Capital, & Deepika Padukone.