Careem invests $50 Mn in its new Super App as a part of COVID-19 revival plans
Dubai, UAE-based ride-hailing unicorn Careem has reportedly launched its Super App across 13 markets and invested $50 million in the same.
Investment
Dubai’s Falcon Eye Drones closes strategic investment from Aerodyne Group
Dubai's Falcon Eye Drones Services (FEDS) announced a major strategic investment from global drone-based management solutions provider Aerodyne Group.
ADIO invests $100 Mn in 4 companies to boost agritech ecosystem
Abu Dhabi Investment Office (Adio) has invested $100 million (Dh367m) to bring four agriculture technology companies to the emirate
2019 Year in Review – MENA Startup Ecosystem stood at $704 Mn VC funding
The MENA startup ecosystem attracted a total venture capital of $704 million across 564 startups where UAE, Egypt and KSA topped the list.
Bahrain’s Al Waha fund of funds invests in California’s Lumia Capital
Bahrain-based Al Waha fund of funds last week invested a substantial sum in the San Francisco based venture capital firm Lumia Capital for its Lumia Capital Fund II
Blume Ventures – India’s VC raises $102 Mn in Fund III to back early-stage startups
Indian early-stage focussed venture capital firm Blume Ventures closes its Blume Ventures Fund III at $102 million to invest in early-stage startups.
2019, a record year for Saudi startup ecosystem with 71 deals raising $67M VC funding
2019 is a record year for the Saudi startup ecosystem with a total of 71 investment deals raising over $67 million.
WishADish, a restaurant solution to invest INR 12 lakh for regional expansion
WishADish, a one-stop management solution for restaurants & a tech startup today announced that the company will be expanding to tier 2 & 3 cities
Mubadala to decide on investing $6 bn in Pakistan’s refinery project by 2021
Abu-Dhabi's Mubadala Investment Company has recently shared its word about investing $6 billion (AED22.03bn) in Pakistani refinery project.
Arjun Kapoor invests in homemade food startup Foodcloud.in to empower women
Bollywood actor Arjun Kapoor invested in Foodcloud.in back in May and now his aims to empower women through this new startup are picking up...
BECO Capital Closes Second Fund at $100m
Regional venture capital firm BECO Capital successfully closed its second fund at $100 million, significantly more than its initial target of $80 million.
OYO to Invest $1Bn for Expansion in Saudi Arabia
OYO Hotels & Homes, will invest $1 billion to expand its operations in Saudi Arabia by adding luxury and upper-budget/mid-segment hotels...