Saudi logistics startup Yamm has secured pre-Seed funding led by Flat6Labs to innovate the return and refund processes in e-commerce, aiming to improve customer experiences in Saudi Arabia’s online retail space. Yamm’s platform provides instant refunds even before returned items are processed, significantly reducing the typical refund delay and enhancing customer satisfaction and loyalty for […]
Category: News
Dubai-based Startup 4Partners Secures $3.6M Funding
Funding for Regional Expansion: 4Partners has raised $3.6 million to fuel its expansion into the UAE market, where it will offer a comprehensive dropshipping solution for e-commerce businesses. Extensive Product Access: The platform provides access to over 7 million authentic branded products from 753 global suppliers, supported by strategically located warehouses for efficient cross-border shipping. […]
Equirus InnovateX Fund leads $1 million seed round in data engineering startup, Datazip
Investment Announcement: Equirus InnovateX Fund (EIF) has made a $1 million seed investment in Datazip, a data engineering startup, comprising a significant contribution of Rs 6 crore. This is EIF’s second investment from its $30 million tech-focused fund. Founders and Team: Datazip’s founders include industry veterans — Sandeep Devarapalli, a former ISRO scientist; Shubham Baldava, […]
Kuwait Fintech Startup Krti Raises $1.5M Pre-Seed
Funding Acquisition: Kuwaiti fintech startup Krti has raised $1.5 million in pre-Seed funding from Core Vision Investment, targeted towards launching its services in Kuwait and Saudi Arabia. Innovative Solutions: Krti plans to provide unique payment solutions for online merchants and shoppers, including a distinctive loyalty program that enhances the benefits of users’ bank cards. Expansion […]
Assistive technology startup Social Hardware raises Rs 3.2 crore led by Inflection Point Ventures
Funding and Growth Plans: Social Hardware, an innovation startup focused on assistive devices and robotics, secured Rs 3.2 crore in seed funding led by Inflection Point Ventures, with plans to enhance its marketing, R&D, and manufacturing capabilities. Innovative Solutions: The startup specializes in teleoperated robotic systems for hazardous industries such as manufacturing, defense, and aerospace, […]
Ejari Raises $14.65M to Expand ‘Rent Now, Pay Later’ Service
Funding Received: Ejari has successfully raised $14.65 million in seed funding to enhance its technology and expand its “Rent Now, Pay Later” service, thereby addressing upfront rental payment challenges in Saudi Arabia. Investment Details: The funding round was led by Partners for Growth and BECO Capital, combining debt and equity financing, contributing to a total […]
Pharmaceutical packaging startup Sorich raises $1 million in a pre-IPO round
Sorich, a pharmaceutical packaging startup founded in 2011, has successfully raised $1 million in a pre-IPO funding round led by Mumbai-based BizDateUp. The funds will be utilized to optimize production capacity, enhance working capital, and upgrade machinery for higher-margin products like Heat Transfer Labels (HTL). Sorich Foils Private Limited specializes in manufacturing aluminium foils, coated […]
Yamm secures pre-Seed round led by Flat6Labs
Yamm, a Saudi Arabia-based logistics startup, has successfully closed its Pre-Seed funding round led by Flat6Labs, with additional investment from Judah Ventures and other angel investors, though the total amount raised remains undisclosed. Founded in 2023 by Sultan Al-Subhi, Mohammed Al-Shalati, and Hamadah Al-Khaldi, Yamm offers an automated solution designed to streamline the post-purchase experience, […]
finance automation startup ZenStatement raises $1.62 million in a seed round
Funding and Investors: ZenStatement, a finance automation startup, secured $1.62 million in seed funding led by 3One4 Capital and Boldcap VC, along with participation from Dynamis Ventures and Atrium Angels. Product Offerings: Founded in 2023, ZenStatement provides AI-driven financial analytics and cash flow management solutions for enterprises with complex transactions, aiming to streamline processes like […]
AI product design startup Figr raises $2.25 million in a Seed round
Bengaluru-based AI product design startup Figr has raised $2.25 million in a seed funding round led by Kalaari Capital, aimed at enhancing its AI-powered design platform and expanding its product and growth teams. Figr’s platform automates non-creative tasks like wireframing and prototyping, allowing UI/UX designers to focus on creative work, significantly improving design efficiency. The […]