Funding

E-trio, Hyderabad’s EV startup raises $3 Mn Series A

Hyderabad's electric vehicle manufacturer E-Trio on Tuesday, 29 September 2020, raised $3 million Series A from Singapore's various HNIs.

Iraq's e-commerce platform Miswag on Tuesday, 29 September 2020, raised seed funds from Euphrates Iraq Fund, and Shwan Ibrahim Taha.

Mumbai, India-based Financepeer on Tuesday, 29 September 2020, raised $3 million from Jaipur's MS Fincap, UAE's Danube, and more.

Cairo, Egypt-based La Reina on Monday (28 September 2020) raised six-figure seed funding round from 500 Startups, Algebra Ventures and more.

Weekly roundup, featuring the top startup news and stories from MENA and India published on LAFFAZ from 20 to 27 September, 2020.

Lebanon's edtech startup Synkers raises $1.8 million Pre-Series A funding round led by Dr. Lama and Dalia Al Sulaiman, with 500 Startups.

Egypt's fintech startup Kashier Payments on Sunday (20 September 2020) has raised an undisclosed amount of seed capital from Glint Ventures.

Egyptian virtual assistant platform Elves on Sunday (20 September 2020) raised $2 million from Sawari Ventures and some undisclosed investors

Jordan's AB Ventures, and DASH Ventures took part in the $31M strategic capital raise for the US-based fintech startup Veem.

Tarfin, the agriculture fintech startup based in Turkey, on Monday (21 September 2020) has secured $5 million in a Series A round.

MENA-based e-commerce enterprise Wiz Holding secures $2 million from international investors from KSA, US, and Canada for Wiz Shops.

Riyadh, Saudi Arabia-based SaaS startup, Penny Software on Monday raised $1.35 million seed funding from Wamda, Class 5 Global, and others.