Funding Round: Bengaluru-based dairy tech startup Stellapps Technologies raised $26 million in Series C funding, supported by existing investors such as Blume Ventures, Omnivore, and the Bill & Melinda Gates Foundation, along with new investor Miledeep Capital. mooMark Expansion: The capital will be used to enhance the mooMark brand, which focuses on contract manufacturing and […]
Pitchlabz
Neysa raises $30 million in a Series A funding round to accelerate to GenAI adoption
Neysa, an AI Acceleration Cloud System provider, has raised $30 million in Series A funding, co-led by NTTVC, Z47 (formerly Matrix Partners India), and Nexus Venture Partners, aimed at enhancing Gen AI innovation for Indian enterprises and the public sector. The startup specializes in democratizing AI adoption through purpose-built platforms for AI-native applications, including its […]
Saudi FinTech Mala Secures $7M Pre-Seed Funding Round
Mala, a Saudi startup, raised $7 million in Pre-Seed funding led by Venture Souq, with notable backing from M Capital and BECO Capital, among others. The company focuses on providing flexible credit and liquidity solutions specifically tailored for small and medium-sized enterprises (SMEs) in Saudi Arabia. Utilizing data-driven insights, Mala enables suppliers to receive immediate […]
Blume Ventures in talks to lead Rs 35 crore round in backpackers hostel startup GoStops
GoStops, a Delhi-based youth-focused backpackers hostel startup, is seeking to raise ₹35 crore in a funding round led by Blume Ventures, with the expectation of receiving around ₹25 crore from them. The startup has previously raised ₹25 crore since 2019, including ₹8 crore in December 2021, and is on track for its largest funding round […]
Kunal Bahl’s Titan Capital announces final close of Rs 333 crore winners fund
Titan Capital, co-founded by Kunal Bahl and Rohit Bansal, has successfully closed its Winners Fund at Rs 333 crore, primarily to provide follow-on investments for existing portfolio companies in later stages of funding. The fund, which started with Rs 200 crore in August 2024, was increased due to high investor interest and aims to support […]
Tawaref series: A step-by-step guide to Saudi Iqama process
The article series outlines the processes foreign investors must follow to establish a business in Saudi Arabia, focusing on essential steps like securing an investment license, company formation, and obtaining the necessary work visa and residency permit (Iqama). The Iqama is a residency permit vital for expatriates, granting legal residency, work authorization, access to essential […]
HALA Payments joins Saudi Unicorns Programme
HALA Payments Joins Saudi Unicorns Programme: The Riyadh-based fintech has been selected for the Saudi Unicorns Programme, enabling it to attract talent, access new markets, and build strategic partnerships in the fintech sector. Focus on SMEs and Financial Services: Founded in 2018, HALA specializes in providing banking solutions for micro, small, and medium enterprises (MSMEs) […]
Automoto completes first tranche of extended pre-Seed funding round led by Venture Bridge
Mumbai-based startup Automoto has successfully completed the first tranche of its extended pre-seed funding round, achieving a valuation of 100 crore INR, with major investment from Venture Bridge and various angel investors. Founded in 2018 by Sreeraj, Automoto is focused on creating a B2B2C Enterprise Management System that enhances the vehicle ownership experience in India, […]
Saudi B2B fintech Mala secures $7 million pre-Seed
Funding Milestone: Saudi B2B fintech company Mala has successfully raised $7 million in a pre-seed funding round, backed by multiple investors including VentureSouq and Shorooq Partners. Innovative Solution: Founded in 2024 by Musaab Hakami, Mala offers a "Procure-Now, Pay-Later" (PNPL) solution targeted at SMEs, allowing flexible credit terms for buyers while ensuring immediate cash payments […]
UAE’s Largest Bank, FAB, Beats Expectations with AED 4.46 Billion Q3 Profit
Q3 2024 Financial Performance: First Abu Dhabi Bank (FAB) reported a net profit of AED 4.46 billion ($1.2 billion) for Q3 2024, a 5% increase year-on-year, exceeding analysts’ expectations. Impairment and Operating Expenses: The bank experienced a significant rise in impairment charges, which increased by 50% YoY to AED 909 million. Additionally, operating expenses rose […]