Here’s to this week’s news roundup, featuring the top startup news and stories from MENA and India published on LAFFAZ from 26 October to 01 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.
▸ Bengaluru’s FreshToHome secures funding from Investment Corporation of Dubai & Bahrain’s Investcorp
Bengaluru, India-based FreshToHome, on Wednesday announced that the company has raised fresh funding of $121 million in a Series C round led by the Investment Corporation of Dubai (ICD) and Bahrain’s Investcorp, with participation from Ascent Capital, US Development Finance Corporation, Allana Group and existing investor Iron Pillar. Read more ➜
Cairo, Egypt-based Amjaad, a tech startup has raised six-figure investment in its Pre-Series A round from Dhaman Group. The company provides electricity, compounds, and mall with access to smart metering solutions to help them monitor electricity, export accurate bills (post and prepaid), and manage energy consumption. Read more ➜
Former Indian cricketer Yuvraj Singh, on Friday, reportedly invested an undisclosed amount in Wellversed, a healthcare nutrition provider. The investment was catered as a Pre-Series A round via Yuvraj’s YouWeCan Ventures that he had launched in 2015. Read more ➜
TIER, the leading European micro-mobility provider hailing from Berlin and now operating in more than 80 cities across 10 different countries worldwide, has launched its first fleet of industry-leading e-scooters in Dubai after being selected as a leading service provider by the Roads & Transport Authority (RTA). The company told LAFFAZ in a statement. Read more ➜
Bengaluru, Karnataka-based Arzooo, a B2B retail-tech startup, on Tuesday raised $7.5 million (around INR 55.3 crore) in a Series A funding round led by WRVI Capital, US, with participation from an existing investor, Jabbar Internet Group, UAE; and 3Lines Venture Capital, US. Read more ➜