Weekly Roundup – Top startup news you ought not to miss [23 Nov – 29 Nov]

Weekly Roundup – Top startup news you ought not to miss [23 Nov – 29 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 23 to 29 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.

UAE implements 100% foreign ownership for expat entrepreneurs, primarily Indians

The UAE government, earlier this week abolished the condition for foreign investors and entrepreneurs to have an Emirati shareholder to set-up businesses in the UAE. Now, foreign business owners can own 100 percent of their businesses established in the UAE.
Read more ➜

BIDAYATECH, MENA’s first reward-based crowdfunding platform officially launches

BIDAYATECH, MENA’s first reward-based crowdfunding platform launches to help tech startups overcome funding gap challenges in MENA. The platform with its diverse offerings will cater to all Tech Startups at every stage of the startup lifecycle. BIDAYATECH as a Fintech Startup aims to be the go-to technology hub for Tech Startups in the region, where it will empower founders to execute and close funding rounds to add momentum to their growth and scaling up.
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Delhi High Court’s order on WhiteHat Jr vs Pradeep Poonia battle

As reported by various major Indian media houses, the Delhi High Court, on Monday granted an ad-interim injunction to WhiteHat Jr and its founder, Karan Bajaj – restraining Pradeep Poonia, a Bengaluru-based software engineer and YouTuber, who criticised BYJU’s owned WhiteHat Jr for its alleged malpractices and misleading advertisements.
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Saudi’s Salla raises $8.5 million funding in Series A from STV

Saudi Arabia-based e-commerce Salla, on Tuesday, raised SAR32 million ($8.5 million) Series A round led by STV, with participation from existing investors Raed Ventures and Vision Ventures.
Read more ➜

Quiqup, Dubai’s same-day delivery startup raises $5.5m from Delivery Hero