Wamda

Egypt

Morni invests in Egypt’s Helpoo

Saudi Arabia-based mobility solutions platform Morni, has invested in its Egyptian counterpart, Helpoo. The deal, whose value is...

Morni Helpoo Exits.me

U.A.E

e& enterprise acquires majority stake in Beehive

UAE-based “e& enterprise” has acquired a majority stake in the UAE’s crowdfunding platform Beehive, for a...

e& enterprise beehive Crowdfunding

Egypt

Nigeria-based Autochek acquires majority stake in Egypt’s Autotager

Nigeria-based car financing platform Autocheck, has acquired a majority stake in Egypt's used cars marketplace, AutoTager, which was...

AutoCheck AutoTager

U.A.E

e& acquires majority stake in Careem’s Super App for $400 million

UAE-headquartered communication firm e& (formerly Etisalat) has acquired a 50.03 per cent stake in Careem’s Super App spinout...

e& Careeem super app

Saudi Arabia

Saudi Arabia’s Savvy Games acquires Scopely for $4.9 billion

Saudi Arabia-based gaming platform Savvy Games Group, owned by the country's sovereign wealth fund, the Public Investment Fund...

Savvy Games Scopely

Saudi Arabia

Shaker Group acquires 10% stake in Cashew

UAE-based fintech Cashew has raised an undisclosed investment from Saudi company Shaker Group, for a 10% stake. Founded in 2019 by...

Cashew Shaker Group Fintech

U.A.E

Abu Dhabi’s G42 acquires stake in TikTok owner ByteDance

Abu Dhabi investment firm Group 42 (G42) has acquired a $100 million stake in Chinese internet company ByteDance, owner of the social...

G42 TikTok ByteDance

Saudi Arabia

Saudi healthtech Labayh acquires Nafs app

Saudi Arabia-based mental health app Labayh has acquired UAE’s counterpart, Nafas. Founded in 2018 by Basim Albeladi,...

Labayh Nafs healthtech

U.A.E

Kitopi acquires AWJ Investments

UAE-based cloud kitchen operator Kitopi has acquired Dubai-founded food and beverage (F&B) group AWJ. The financial details of the...

Kitopi

U.A.E

India’s makeO acquires UAE-based Smileneo

India-based healthtech makeO has acquired UAE-based healthtech Smileneo, for an unknown sum. Founded in 2019 by Jonathan Doerr,...

makeO Smileneo healthtech

U.A.E

e& acquires UAE-based ServiceMarket

etisalat by e&, has fully acquired UAE-based household marketplace, ServiceMarket. Founded in 2013 by Bana Shomali and Wim...

e& etisalat ServiceMarket

Saudi Arabia

Hala acquires UAE fintech Paymennt.com

Saudi Arabia-based fintech Hala has acquired UAE-based fintech Paymennt.com, previously called PointCheckout, for an unknown...

Hala Paymennt.com M&A

Saudi Arabia

noon acquires Namshi for unknown sum

Saudi Arabia-based e-commerce platform noon.com has completed its acquisition of the UAE-based fashion shopping platform...

noon.com Namshi M&A

Saudi Arabia

The Space merges with Vibes to form co-working space network in KSA

Saudi Arabia-based co-working space, The Space, has merged with Vibes for an undisclosed value. Founded in 2014 by Omar Al-Shabaan and...

The Space Vibes M&A

Regional

A breakdown of Mena exits in 2022

In total, 57 Mena-based startups exited through M&As in 2022, a 30 per cent increase from the previous year. A further...

exits

Regional

What awaits startup exits in Mena?

Looking back, the year 2021 was hard to emulate. After the pandemic-induced funding boom seen in 2021 and the first few months of 2022,...

M&A exits Exit

Bahrain

Beyon Cyber acquires DTS Solution

Beyon Cyber, a Bahrain-based cyber security solutions provider, has acquired a majority stake in UAE-based counterpart DTS Solutions....

Beyon Cyber DTS Solution

Egypt

Egypt’s GBarena acquires Tunisia’s Galactech in a $15 million share swap deal

Egypt-based esports platform GBarena has acquired Tunisia’s Galactech for $15 million, in the form of a share swap. This...

Gbarena Galactech

U.A.E

UAE’s Astra Tech acquires Botim

UAE-based tech firm Astra Tech has acquired the voice-calling app “Botim”, with the aim of creating a super app with instant...

Botim Astra tech Superapp

Saudi Arabia

Growth Avenue Company acquires 20 per cent stake in SororApp

Growth Avenue Company has acquired a 20 per cent stake in Saudi Arabia-based on-demand delivery app SororApp, for an undisclosed...

SororApp Delivery Growth Avenue Company

Egypt

PTS Investments Holdings partially acquires Egypt’s EDAM

US-based PTS Investments Holdings has partially acquired Egypt-based healthtech EDAM through its operating company in Egypt. The value...

EDAM

Regional

Saudi fintech PayTabs acquires Turkey’s Paymes

Saudi Arabia-based fintech PayTabs, has fully acquired Turkish social commerce platform Paymes for an unknown amount. Under the terms...

paytabs Fintech Paymes

Iraq

Iraqi delivery app Lezzoo acquires Saydo

Iraq-based on-demand delivery app Lezzoo has acquired the compatriot marketplace Saydo, for an undisclosed amount. The acquisition...

Lezzoo Saydo b2b

Egypt

Morni invests $10 million in Egypt to acquire mobility startups

Saudi Arabia-based mobility solutions platform Morni is planning to invest $10 million to target new acquisitions in Egypt in the...

Morni Exists.me

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