Swvl has established its regional headquarters in Riyadh as part of Saudi Arabia’s Regional Headquarters (RHQ) Programme, aimed at supporting long-term growth and enhancing government contract opportunities. The mobility company, founded in Cairo in 2017 and now operating in the UAE and KSA, aims to leverage this initiative to align with Saudi Arabia’s Vision 2030 […]
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Tawaref acquires Amaana.ai to bolster MENA tech community
Tawaref, a Saudi Arabia-based investment community, has acquired Amaana.ai, a company that uses AI to facilitate business entry into Saudi Arabia, aiming to strengthen the MENA tech ecosystem. Founded in 2020 by Saeed Al Ansari, Tawaref focuses on financing regional startups and providing entrepreneurial services, while Amaana.ai automates essential business processes like licensing and banking […]
Egypt’s Rabbit Mobility Secures $1.3 Million Funding
Investment Success: Rabbit Mobility raised $1.3 million in funding led by 500 Global and Untapped Global, along with participation from angel investors, to further expand its operations and enhance offerings. Sustainable Urban Transportation: Founded in 2020, Rabbit Mobility provides electric scooters and bikes to address urban congestion and pollution, attracting over 450,000 users and facilitating […]
Data Science Wizards raises $1.4 million in a seed round, launches next-gen AI solution for insurance
Data Science Wizards (DSW) has raised $1.4 million in a seed funding round led by an angel investor, bringing its total funding to $2.1 million and its valuation to $16.4 million. The company plans to use the capital to enhance its deeptech AI platform, UnifyAI, and to launch a new solution for the insurance sector […]
Jetapult pumps $4.5 million in Saudi game studio UMX
Investment Overview: Jetapult, an India-based investment company backed by Accel Partners, has invested $4.5 million in Saudi Arabian game studio UMX, acquiring a significant stake in the company. Company Background: UMX, founded in 2014 by Ali Alharbi, specializes in mobile game development with a focus on creating diverse and engaging car games. Expansion Plans: The […]
Logistics automation startup Elixia Robotics raises $1 million in a pre-Series A funding round
Elixia Robotics, a logistics automation startup founded in 2022 by Sanket Sheth, has secured $1 million in a pre-Series A funding round led by the JITO Incubation and Innovation Foundation (JIIF), with participation from notable investors such as Motilal Oswal and Vimal Shah. The funding will be used to expand Elixia’s operations into the Middle […]
DHARMA Raises $750,000 in Convertible Note Funding
Funding Milestone: DHARMA successfully raised $750,000 in its eighth funding round, led by Scrum Ventures, utilizing a Convertible Note structure for strategic flexibility in future financing. Growth and Market Focus: Headquartered in Abu Dhabi, DHARMA targets affluent regions within the GCC, EMEA, and European markets, aiming to capitalize on the increasing demand for curated travel […]
Omnichannel jewellery startup Giva raises Rs 255 crore in extended Series B funding round
Giva, an omnichannel jewellery startup, has raised Rs 255 crore in an extended Series B funding round, totaling Rs 525 crore for the Series B round, led by Premji Invest, Epiq Capital, and Edelweiss Discover Fund. The funding structure included 35% from primary investments and 65% from secondary investments, allowing early investors A91 Partners and […]
Brown Living raises funding from strategic investors to drive India’s sustainable living revolution
Funding Round Details: Brown Living, a platform dedicated to sustainable and plastic-free living, has secured an undisclosed amount of pre-seed funding led by Blink Digital, with additional investments from notable figures including Sanjay Nayar and Bharat Iyer. Purpose of Funds: The capital raised will be utilized to accelerate the company’s mission of mainstreaming sustainable living […]
Egypt’s WellPal relocates to Saudi Arabia with fresh funding in hand
WellPal, an Egyptian e-commerce platform for health products, has relocated to Saudi Arabia after securing undisclosed funding from an angel investor. Founded in 2019 by Mohamed Ali and Mohamed Tantawy, WellPal, a Flat6Labs portfolio company, provides a dropshipping app that connects consumers with health and wellness products. The company aims to enhance its presence in […]