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.
Saudi Arabia
Sary – Saudi online B2B marketplace scoops $6.6 Mn to meet skyrocketing demand amid Covid-19
Dammam, Saudi Arabia-based digital marketplace Sary yesterday raised $6.6 million in Series A round led by Raed Ventures, MSA Capital and Derayah Ventures.
Quant – Saudi data science & AI startup scoops $1.2 Mn from BIAC
The Riyadh, Saudi Arabia-headquartered data analytics and AI startup on Tuesday (March 17) raised $1.2 million in a Pre-Series A funding round from BIAC.
Saudi Arabia launches ‘Instant Visa’ for entrepreneurs through Qiwa portal
The ministry of Human Resources and Social Development on Monday introduced a scheme that will facilitate support to new businesses and entrepreneurs.
iMile – Dubai’s last-mile delivery startup scoops $10 Mn from a China-based VC
Dubai-based last-mile delivery startup iMile on 1st January raised $10 million in a Pre-Series A funding round led by a China-based venture capital firm.
Justmop – UAE-based home cleaning startup expands to KSA
UAE's most popular home cleaning app Justmop yesterday announced about its expansion in the Kingdom of Saudi Arabia.
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.
POSRocket partners with Saudi’s Geidea to offer integrated services
Amman, Jordan-headquartered POSRocket, a cloud-based point of sale enabler on Wednesday signed an exclusive deal with Saudi's Geidea...
Saudi sneakers brand Nejree raises $4 Mn to enter UAE
Saudi-based premier online sneaker shoe brand Nejree has today made the announcement of its $4 million funding raised in a Pre-Series A round
Ex-Uber CEO raises $400 Mn from Saudi PIF for his new company CloudKitchens
Saudi Arabia Public Investment Fund has recently invested $400 million in the new venture of the ex-Uber CEO Travis Kalanick.
Riyad Bank launches new fintech fund of $26.6Mn
Riyad Bank on Tuesday launched its digital partnership program, with an investment of SR100 million ($26.6 million) investment fund for fintech startups.
SRK, Jason Mamoa, Jackie Chan, Jean-Claude & Nobu chef garnish Saudi entertainment forum
International actors and celebrities including Shahrukh Khan, Jean-Claude Van Damme, Jackie Chan and Nobu Chef also attended.