Wamda

Global

SWVL to lay off 32 per cent of its workforce, expects to turn profitable in 2023

Egypt-born and Dubai-headquartered mobility startup SWVL, announced plans to reduce its workforce by 32 per cent. The planned layoffs...

Swvl

U.A.E

In conversation with Alfred Chuang

Wamda and the Dubai Future Foundation are excited to host Alfred Chuang, General Partner at Silicon Valley-based Race Capital in an...

Dubai Future Foundation

U.A.E

Crypto edtech Coinmarketpedia raises $2 million pre-Seed round

UAE-based decentralised crypto and blockchain educational platform Coinmarketpedia, has raised $2 million in a pre-Seed round. The...

Coinmarketpedia Cryptocurrencies Blockchain

U.A.E

Cypher Capital invests $5 million in Ocean Protocol

UAE-based VC Cypher Capital, has set up an ecosystem fund together with Ocean Protocol to which it will be allocating $5 million to...

Cypher Capital

U.A.E

Ogram raises $3 million Series A round

UAE-based recruiting platform Ogram has announced a $3 million Series A funding round, led by Modus Capital and Aditum Investment...

Ogram Modus Capital recruitement

U.A.E

KRUSH Brands raises $4.5 million for its virtual restaurant marketplace Locale

Locale, the UAE-based online marketplace for virtual restaurants built by cloud kitchen platform KRUSH Brands has raised $4.5 million...

foodtech cloud kitchen KRUSH Brands

U.A.E

Alpha Dhabi to invest $2.5 billion in Alpha Wave Ventures II fund

UAE-based investment company Alpha Dhabi Holding PJSC has made a Dh9.2 billion ($2.5 billion) commitment to invest in Chimera Capital...

Alpha Dhabi Chimera Capital Alpha Wave Ventures II

U.A.E

Pemo raises $12 million Seed round

UAE-based fintech Pemo has raised a $12 million Seed round, co-led by Cherry Ventures and Shorooq Partners, with participation from...

Pemo Fintech MENAP

U.A.E

NorthLadder raises $10 million in a convertible note

UAE-based marketplace NorthLadder has raised a $10 million convertible note, led by CE-Ventures, with supporting investment from BECO...

NorthLadder CE-Ventures marketplace

U.A.E

The controversial and unsustainable nature of food delivery

Over the past few weeks, delivery drivers for both Deliveroo and Talabat in Dubai have refused to turn up for their shifts, demanding...

Food delivery

Regional

Kitopi raises $300 million Series C round extension

UAE-based cloud kitchen operator Kitopi, raised an additional $300 million in its Series C round late last year, extending the...

Kitopi

U.A.E

EMERGE Gulf Health Innovation

An unrivalled opportunity is taking place in the city of the future, Dubai, for health tech disruptors at the startup and scaleup stage to...

healthtech

U.A.E

NewTribe Capital invests $5 million in NEAR Protocol

UAE-based VC fund NewTribe Capital has invested $5 million in the San Francisco-based blockchain platform NEAR Protocol. Founded in...

NEAR Protocol NewTribe Capital

U.A.E

Spades launches in UAE after raising $2.5 million

UAE-based fintech Spades, has raised $2.5 million in investment from European angel investors, including Thibaud Elzière, Eduardo...

Spades Dine-in Payment

U.A.E

BNPL Cashew raises $10 million investment from Mashreq

UAE-based fintech Cashew has received a $10 million investment from UAE’s Mashreq, the Dubai bank controlled by the Al Ghurair...

Cashew Mashreq

U.A.E

CE-Creates merges with hatch & boost in Mena’s first venture-builder merger

UAE-based incubator CE-Creates, the business incubation platform of Crescent Enterprises, has completed the merger of hatch & boost,...

CE-Creates hatch & boost

Global

SWVL acquires UK's Zeelo for $100 million

Dubai-based mobility startup SWVL, has acquired UK-based B2B smart buses operator startup Zeelo, in a deal valued at $100 million. This...

Swvl

U.A.E

Fine Diner raises $150,000 in Seed round

UAE-based foodtech Fine Diner has raised $150,000 in Seed funding from angel investors. Founded in 2019 by Sami Elayan, Saed...

foodtech cloud kitchen

U.A.E

Dubai launches $100 million debt fund to finance startups

Dubai has launched a Dh370 million ($100.7 million) VC debt fund to finance startups and fuel their global expansion. The Venture Debt...

venture debt fund Dubai DIFC

U.A.E

Joi Gifts closes $1 million pre-Series B round

UAE-based e-commerce gifting platform Joi Gifts, has raised $1 million in pre-Series B funding from Panthera Capital and other regional...

joi gifts

U.A.E

UAE fintech zenda raises $9.4 million Seed to accelerate India expansion plans

UAE-based fintech zenda, has raised $9.4 million in a Seed round from STV, COTU, Global Founders Capital, and...

Fintech zenda

U.A.E

Careem expands its focus to financial services

Careem is shifting its focus from ride-hailing to financial services, in a move that will position the super app as a key fintech...

careem Fintech Careem Pay

U.A.E

Millennial Brands raises $35 million growth round

UAE-based direct-to-consumer (D2C) platform Millennial Brands, has raised $35 million in growth funding led by Global Emerging Markets...

Millennial Brands Global Emerging Markets Group E-commerce

U.A.E

UAE issues new visas for entrepreneurs and investors

The UAE cabinet has approved new regulations regarding the entry and residence of foreigners, in an attempt to attract and retain global...

Federal Decree-Law

Thought Leadership

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