Record Sales Achieved: Dubai’s property market achieved a historic milestone in Q3 2024 with AED141.9 billion ($38.6 billion) in sales, a 30.1% increase year-on-year and surpassing the previous record set in Q2 2024. Strong Transaction Volume: The quarter saw a total of 50,423 transactions, marking a 37.9% increase in volume from the previous year and […]
Category: News
Ejari raises $14.65 million in debt-equity Seed round
Ejari, a Saudi proptech company specializing in Rent Now, Pay Later (RNPL) solutions, successfully secured $14.65 million in a seed funding round co-led by several investors, including Partners for Growth (PFG) and BECO Capital. Founded in 2022, Ejari aims to address the traditional payment structures in the Saudi rental market, where over 70% of payments […]
Aerial intelligence platform Aereo raises $1.8 million as part of Series B round
Funding Success: Aereo, an aerial intelligence platform based in Bengaluru, has raised an additional $1.8 million in a Series B funding round led by JSW Ventures, following a previous $15 million investment in July. Growth Strategy: The company plans to utilize the new funds to enhance its commercial drone solutions and expand into international markets, […]
Synnax Secures $550K Funding to Transform Credit Intelligence
Funding Achievement: Synnax raised $550,000 from Wintermute Ventures and TON Ventures, bringing its total funding to $1.55 million, aimed at developing its Credit Intelligence protocol and the Telegram mini-app SynQuest. SynQuest Success: The SynQuest mini-app attracted over 250,000 users in its first two weeks, enhancing Synnax’s community engagement and allowing for real-time sentiment data collection. […]
Saudi q-commerce Nana acquires Rasseed app
Acquisition Announcement: Saudi q-commerce startup Nana has acquired the Rasseed application, enhancing its digital grocery shopping platform, although the acquisition amount remains undisclosed. Company Profiles: Founded in 2016, Nana specializes in grocery delivery services, while Rasseed offers software solutions for purchasing various gift cards and collaborates with over 37 suppliers in the region. Strategic Alignment: […]
Beauty tools brand Beauté Secrets raises Rs 1.6 crore from Velocity
Beauté Secrets, a beauty tools startup based in Gurugram, has raised Rs 1.6 crore in funding from Velocity to expand its product offerings and enhance its presence on quick commerce platforms. Founded in 2010 by Harnika Aneja, Beauté Secrets aims to provide affordable, durable, and elegant beauty tools designed for customers who prefer minimal makeup, […]
QPay Secures Seed Funding with Cyfr Capital as Lead Investor
Funding and Support: QPay, Oman’s first licensed BNPL provider, secured a significant seed funding round led by Cyfr Capital as part of Future Fund Oman’s initiative to enhance fintech innovation in the country. Regulatory Approval: The Central Bank of Oman has authorized QPay’s BNPL services, allowing consumers to make purchases through interest-free monthly installments, thus […]
Shark Tank fame OTT platform Stage in talks to raise funds in a new round
Funding Round: Neeraj Chopra-backed Stage is seeking to raise $7-$9 million in a new funding round, marking its largest to date, with participation expected from existing investors like Blume Ventures and US-based Goodwater Capital. Platform Overview: Stage is a hyperlocal OTT platform that caters primarily to audiences in Haryana and Rajasthan, offering content in regional […]
AI startup Nayan Tech raises $2 million in a pre-Series A round
Funding Round: Nayan Tech, an AI startup, has secured $2 million in a pre-Series A funding round led by BEENEXT and other investors, aiming to enhance its operations and expand its AI-powered offerings both nationally and internationally. Product Development: The startup is manufacturing AI-powered dashcams designed for various vehicle types, offering real-time monitoring of driver […]
Indian startups raised $71 million from Sept 30 to Oct 05, 2024; Mstack tops the list
Funding Overview: Between September 30 and October 30, 2024, 17 startups across various sectors raised over $71 million in funding, contributing to a larger total of $366 million raised by Indian startups in a single week. Sector Highlights: Notable sectors attracting investment included B2B SaaS, Healthtech, Fintech, Sportstech, and Specialty Chemicals, with Mstack leading by […]