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Egyptian transport start-up Swvl based in Dubai and Cairo sees profit by 2024 Egyptian transport start-up Swvl based in Dubai and Cairo sees profit by 2024
Transport start-up Swvl, based in Dubai and Cairo, expects to turn its first profit in 2024 as it expands into new countries, its chief financial officer Youssef Salem said on Thursday. Swvl ...
Technology 12 August ,2021
Maersk VC co-leads funding round in Egyptian freight start-up Trella Maersk VC co-leads funding round in Egyptian freight start-up Trella
Egyptian startup Trella, a digital platform connecting truckers with freight loads, has raised $42 million in equity and debt, including from the venture capital arm of shipping giant Maersk, its ...
Technology 21 June ,2021
Saudi agritech startup Red Sea Farms raises $10 mln to fund expansion Saudi agritech startup Red Sea Farms raises $10 mln to fund expansion
Saudi Arabian agriculture technology startup Red Sea Farms on Monday said it had raised $10 million which it would use to develop commercial scale farming facilities and expand into neighboring United ...
Technology 07 June ,2021
SoftBank tech fund in talks to invest in Dubai’s top cloud kitchen Kitopi: Sources SoftBank tech fund in talks to invest in Dubai’s top cloud kitchen Kitopi: Sources
SoftBank Group Corp is in talks to invest in Dubai “cloud kitchen” Kitopi’s latest funding round through its second technology fund, sources familiar with the matter said. The Japanese ...
Economy 02 June ,2021
Egyptian delivery start-up Bosta aims for expansion  in Saudi Arabia, UAE Egyptian delivery start-up Bosta aims for expansion in Saudi Arabia, UAE
Egyptian courier start-up Bosta is gearing up for a multi million-dollar fresh round of financing as it considers Saudi and Emirati markets by the year’s end, its chief executive Mohamed Ezzat said. ...
Economy 25 May ,2021
Saudi grocery e-commerce start-up Sary raises $30.5 mln in funding Saudi grocery e-commerce start-up Sary raises $30.5 mln in funding
Saudi Arabia’s Sary, a wholesale grocery e-commerce platform, said on Thursday it had raised $30.5 million in its latest funding round which it would use to finance expansion plans.The ...
Technology 06 May ,2021
E-commerce pioneer Wenzel launches global instant retail startup called Jokr E-commerce pioneer Wenzel launches global instant retail startup called Jokr
German entrepreneur Ralf Wenzel, formerly of Delivery Hero and Softbank, launched on Thursday a global instant retail platform, entering a field that is attracting huge investment and experiencing ...
Technology 15 April ,2021
After fund boost, Egypt’s digital payments provider Paymob looks to expand in region After fund boost, Egypt’s digital payments provider Paymob looks to expand in region
Egyptian digital payments provider Paymob is looking to venture into Saudi Arabia and other markets in the Middle East after receiving an $18.5 million funding led by UAE-based venture capital firm ...
Economy 08 April ,2021