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Weekly Roundup – Top startup news you ought not to miss [Sep 14 – Sep 20]
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.
Funding
Startup funding rounds across India and MENA — from pre-seed bets on first-time founders to Series B+ raises reshaping categories. Founder statements, investor disclosures, and regulatory filings, reported as news.
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
New York’s Endeavor Catalyst raises $134 Mn for Fund III from Careem & more
New York-based venture capitalist Endeavor Catalyst yesterday (16 September 2020) raised $134 million for its Fund III from Careem & others.
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
Egypt’s Road Runner raises six-figure seed funding
Cairo, Egypt-based logistics startup Road Runner, on Monday (14 September 2020) raised a six-figure seed investment from several angel investors.
UAE’s Spartech Ventures invests $12 Mn in a Series A funding round for UK’s BibliU
UK's BibliU, an edtech startup on Sunday (13 September 2020) raised $12 million in a Series A funding round from UAE-based Spartech Ventures.
Egypt’s eSports startup Anubis secures $300K seed funding
Anubis Gaming, a Cairo, Egypt-based startup on Monday (14 September 2020) has raised $300K seed funding from a regional e-commerce group.
Egypt’s healthtech platform Rology raises $860K Pre-Series A funding
Cairo, Egypt-based Rology, an on-demand teleradiology platform has successfully raised $860K in a Pre-Series A funding round, led by HIMangel
Bengaluru’s edtech startup QShala secures INR 2.7 Cr funding from Rainmatter and others
Bengaluru-based QShala, owned by Walnut Knowledge Solutions has raised INR 2.7 crore from Rainmatter Capital, a Zerodha-backed fund.
Delhi-NCR based electric ride-hailing startup BluSmart secures $7 Mn funding
Delhi NCR-based electric ride-hailing platform BluSmart Mobility Pvt Ltd has today raised $7 million in pre-series A funding round
Fetchr raises $15 Mn funding in a Series C round
Dubai-based logistics startup Fetchr on Monday confirmed that the company has closed a $15 million Series C funding round.
Huda Beauty invests an undisclosed amount in Dubai’s Luxury Closet
Dubai's The Luxury Closet (TLC) has raised an undisclosed sum from Huda Beauty Investments (HBI), the private investment office Huda Beauty.