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

Weekly Roundup - Top startup news you ought not to miss [16 Nov - 22 Nov]
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Here’s to this week’s news roundup, featuring the top startup news and stories from MENA and India published on LAFFAZ from 16 to 22 November.

Top Startup News & Stories of Week

The following list encompasses the selected news feeds out of the ones published on LAFFAZ last week – talking about MENA startups and the Indian startup ecosystem, such as startup funding updates, acquisitions, partnerships, developments, launches and other major announcements.

Bahrain’s Investcorp invests in Indian logistics startup Xpressbees

Bahrain’s Investcorp, on Sunday, announced that it has invested an undisclosed sum in the Series E round for Indian logistics company, Xpressbees. On contrary, various Indian media houses reported that Xpressbees has raised $110 million in the latest funding round.
Read more ➜

Egypt’s ExpandCart bags $2.5 million Series A funding

Cairo, Egypt-based e-commerce solution provider, ExpandCart, on Sunday announced that the company has raised $2.5 million funding in Series A round, led by Sawari Ventures, with participation from Agility VenturesGraphene Ventures, and a couple of angel investors.
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Education-focused NBFC, Eduvanz acquires edtech startup Klarity

Mumbai, India-based edtech-focused NBFC, Eduvanz on Thursday announced that it has acquired Klarity, a Mumbai-based edtech startup. The financial of the acquisition deal were undisclosed.
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UAE’s Fruitful Day bags $817K via Eureeca crowdfunding platform

UAE-based F&B startup Fruitful Day, on Thursday raised AED 3 million (around $817K) via Eureeca, an equity crowdfunding platform. Launched in 2015 by Marie Christine LuijckxLyla Dalal AlRawi and Lindsey Fournie, Fruitful Day delivers fresh food, snacks and beverages through its platform.
Read more ➜

App4Legal, UAE-based legaltech startup bags Pre-Series A funding

UAE-based legal-tech software editor, App4Legal, on Monday raised Pre-Series A funding from Betatron, a venture capital fund, and Dubai Angel Investors (DAI). The financials of the funding deal were undisclosed. The company said, that the fresh capital will be deployed towards boosting App4Legal’s growth plans across Asia and Europe.
Read more ➜