Here are the key points from the partnership between AWS and Manara: Investment & Training: AWS is investing $3.6 million over two years to train 2,500 software engineers in cloud computing and AI skills across the MENA region. Certification & Employment: Manara’s edtech platform will provide AWS certification training and connect graduates with employment opportunities through regional hiring partners. Diversity
Funding Achievement: Saudi Arabia-based fintech erad has successfully raised $16 million in a pre-Series A funding round, supported by notable investors including Y Combinator and Nuwa Capital. Business Model: Founded in 2022, erad offers Shariah-compliant, data-driven financing solutions to SMEs in Saudi Arabia and the UAE, with access to funds in as little as 48 hours. Expansion Plans: The new
Funding and Valuation: Kratos Gamer Network (KGeN) raised $10 million in a funding round led by Aptos Labs, increasing its valuation from $150 million to $500 million within a few months. User Growth and Expansion: The platform has onboarded 10.8 million users, with 3.3 million active monthly users, and is targeting growth in emerging markets such as the Middle East.
Funding Achievement: EdfaPay, a Saudi-based fintech, secured $5 million in a pre-Series A funding round led by OmanTel Innovation Labs, with participation from Aljabr MENA and Waad Investment, to support its expansion in the MENAP region. Strategic Growth Plans: The investment will enhance EdfaPay’s presence in Saudi Arabia and facilitate entry into markets such as Pakistan and Oman, focusing on
Funding Details: Noida-based insurtech startup Zopper has raised $25 million in a Series D funding round, co-led by Elevation Capital and Dharana Capital, with participation from returning investor Blume Ventures. Investment Goals: The funds will be used to enhance Zopper’s insurance distribution platform, improve artificial intelligence and data science capabilities, develop human resources, and expand post-sales services for their appliance
Funding Success: Order for Health (O4H), a healthy-food startup, has raised ₹1 crore in seed funding led by Inflection Point Ventures, aimed at strategic expansion and enhancing production and market presence. Product Offering: Founded in 2020, O4H provides fresh, nutritious, and sustainable meal options such as salads, wraps, and beverages, focusing on premium, preservative-free ingredients and catering to a health-conscious
