Weekly Roundup – Top startup news you ought not to miss [August 24-30]

Weekly Roundup - Top startup news you ought not to miss [August 24-30]
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Here’s to this week’s news roundup, featuring the top startup news and stories published on LAFFAZ from 24 to 30 August, 2020.

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.

Saudi Arabia’s PIF and UAE’s ADIA might invest further in Jio Platforms

As Jio Platforms attracts billions of dollars from various global investors, Reliance Industries Limited (RIL) is presumed to sell more stakes to Public Investment Fund (PIF), Saudi Arabia based. Neither of PIF or RIL has come up with an official statement yet, but various sources have covered that the Mukesh Ambani led behemoth might sell stakes worth $1 billion in Jio Fibre assets. Continue Reading ❯

▸ [Feature] UAE-Israel peace agreement – Israeli startup ecosystem eyes capital influx

Considering the UAE-Israel peace agreement dated 13 August 2020, the relationship between the UAE and Israel is being expected to warm up soon. At the same time, thoughts around capital infusion from the UAE in Israel’s Silicon Wadi (Israel’s answer to Silicon Valley) have got elevated. To through some more light on this subject, LAFFAZ has collected some of the opinionated statements covered by various news and publishers. Continue Reading ❯


Delivery Hero acquires Dubai’s InstaShop for $360M

Dubai’s online grocery shopping marketplace InstaShop today announced that the company has been acquired by Delivery Hero, a global goliath in the food delivery space. The acquisition was done on InstaShop’s total base valuation of $360 million on a cash and debt-free basis. Continue reading ❯


Government of India to develop e-compliance as an ease of doing business move

The central government is planning to develop a single e-compliance window for Indian businesses to register and comply with respective regulatory requirements at one go. Continue Reading ❯


Stack Finance – Bengaluru’s finance platform