U.A.E Letswork acquires Portugal-based Krow UAE-based shared spaces marketplace Letswork has acquired Portugal-based Krow, marking the startup's first expansion outside its... News • 01 February, 2022 Letswork
Regional Key exits of 2021 and what they mean for Mena's startup ecosystem The year 2021 witnessed a major fillip to the region's tech ecosystem, both in terms of the amount of money raised and the number of... Dunya Hassanein • 31 January, 2022 exits
U.A.E Proptech Huspy acquires UAE-based Home Matters UAE-based proptech Huspy has acquired Home Matters, a mortgage consultancy for the UAE and UK markets. The combined... News • 13 January, 2022 Proptech huspy
Kuwait Kuwait’s VO acquires Duwaween Game Kuwait-based integrated youth platform for incubating young talent VO has acquired Kuwaitit games app Duwaween Games, with a post-money... News • 12 January, 2022 Duwaween Game VO
Saudi Arabia FOODICS acquires Jordan's POSRocket Saudi Arabia-based fintech and foodtech startup FOODICS has fully acquired the Jordan-based POS service provider POSRocket for an... News • 09 January, 2022 Foodics posrocket
Egypt Minly acquires UAE’s shoutout platform Oulo Egypt-based celebrity shoutout platform Minly has acquired its UAE rival Oulo for an undisclosed amount. Minly’s decision to... News • 08 December, 2021 Minly oulo
U.A.E UAE’s Swvl expands into Latin America by acquiring Argentina's Viapool UAE-based Swvl has entered the Latin American mobility market by acquiring a controlling stake in Argentina's Viapool for... News • 17 November, 2021 Swvl Latin America
U.A.E Etisalat acquires UAE-based elgrocer Telecoms operator Etisalat has fully acquired UAE-based elgrocer, an e-grocery startup for an undisclosed sum. Founded in 2015 by... News • 18 November, 2021 elGrocer etisalat e-grocery
Qatar Nigeria-based Helium Health acquires Qatar’s Meddy Nigeria-based healthtech startup Helium Health has acquired Meddy, a Qatar-headquartered and UAE-based doctor booking platform for an... News • 11 November, 2021 Helium Health Meddy
Bahrain Bahrain’s Investcorp acquires British fintech MIR Limited Bahrain-based Investcorp Technology Partners (ITP) has acquired all of the business and assets of UK-based fintech MIR Limited, for an... News • 13 September, 2021 Investcorp MIR Limited Fintech
Saudi Arabia SRMG acquires 51 per cent of Saudi podcast platform Thmanyah Saudi Research & Media Group (SRMG) has acquired a controlling stake (51 per cent) in Arabic podcast platform Thmanyah. Founded... News • 14 July, 2021 Thmanyah SRMG
Saudi Arabia NBM acquires 9 per cent DIGGIPACKS stake for SAR15 million National Building and Marketing (NBM) has acquired a 9 per cent of stake in Saudi Arabia-based last mile delivery aggregator DIGGIPACKS in... Dunya Hassanein • 21 April, 2021 Diggiepack National Building and Marketing
Saudi Arabia Fastcoo and Tracking merge in $720,000 deal Saudi-Arabia based software company Fastcoo, and Tracking, a GPS tracking system, have merged in a deal valued at SAR 2.7 million... News • 15 March, 2021 Fastcoo Saudi Arabia Tracking
U.A.E Careem begins its "Chapter Two" Careem, the UAE-based ride-hailing app which was recently acquired by US-based Uber is only just starting its “second chapter”... Wamda • 28 April, 2019 careem Uber
U.A.E Zomato sells UAE business to Delivery Hero Source: Economic Times Zomato Media, which owns and operates the eponymous online food delivery and restaurant discovery... News • 04 March, 2019 India zomato Delivery Hero
U.A.E Majid Al Futtaim acquires mobile wallet app Beam Source: Gulf Business Dubai-based mall operator Majid Al Futtaim has acquired Beam Portal, the owner of UAE mobile wallet app, Beam, it... News • 21 November, 2018 Fintech mobile payment Dubai
Kuwait DWS Group acquires stake in GCC FinTech startup Neo Technologies Source: The National DWS Group, a European asset manager in which Germany’s Deutsche Bank has a majority stake, agreed to... News • 06 November, 2018 Fintech
Regional A15 sells stake in Tpay Mobile The region’s first “dragon exit” was completed today by A15, which sold its 76 per cent stake in UAE-based Tpay Mobile. A... Wamda • 17 September, 2018 mobile finance Exit
Egypt Jordan's POSRocket raises $1.5 million in a round led by Algebra Ventures POSRocket, a cloud-based POS Jordanian startup, has announced $1.5 million in a funding round led by $50 million Cairo-based venture... Staff writer • 09 July, 2018 Algebra Ventures KISP Ventures Arzan VC
Global Mobile game developer Zynga acquires Gram Games in a $250M deal Zynga Inc., a leading social game developer, announced it has acquired privately-held mobile game developer Gram Games for $250 million in... Staff writer • 31 May, 2018 Zynga Gram Games acquisition
Global Chinese ecommerce Jollychic gets funding from Sequoia Capital, hits a reported $1 billion valuation Jollychic, a Chinese online store founded in 2012, has a value of $1 billion after a Series C round from the global venture firm Sequoia... Reine Farhat • 28 May, 2018 Sequoia Capital Jollychic ecommerce
U.A.E Abu Dhabi’s Mubadala acquires minority stake in NY-based Phoenician Capital Abu Dhabi-based Mubadala Investment Company acquired a minority stake in the general partner of Phoenician Capital, a New York-based... Staff writer • 25 April, 2018 uae Mubadala Investment Company acquisition
Saudi Arabia Beauty ecommerce GlamBox gets acquired by a Saudi consortium of investors Dubai-based GlamBox, a beauty online subscription platform, has recently been acquired by a Saudi consortium of investors. Neither the... Staff writer • 20 November, 2017 GlamBox acquisition Success Stories
Saudi Arabia SRMG acquires 51 percent stake in Saudi financial news service Argaam for $10M The Saudi Research and Marketing Group (SRMG) has acquired a controlling stake (51 percent) in the Argaam Investment and Trading Company,... Staff writer • 18 October, 2017 Saudi Arabia Argam acquisition