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278InvestmentsMeet the three startups from Egypt & Iraq that just graduated from Y Combinator’s S19 batch, receiving $150,000 investment (each)
Y Combinator’s summer 2019 (YC S19) batch had 197 companies that graduated from the Silicon Valley-based accelerator program after completing the twelve-week...
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721NewsEgypt close to finalizing a draft law that will impose tax on social media ads, says country’s finance minister
Egypt is close to issuing a new income tax draft law that will include taxes on advertisements posted on social media and...
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781InvestmentsSaudi’s Nana Direct closes $6.6 million Series A for its online grocery platform
Nana Direct, a Riyadh-based online grocery platform has closed it’s Series A with $6.6 million, the startup announced in a statement earlier...
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4.2KNewsEgypt’s RiseUp acquires MENAbytes
RiseUp, the company behind MENA’s largest startup and entrepreneurship event RiseUp Summit, has acquired leading regional startup and technology publication, MENAbytes. The...
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5.3KNewsExclusive: Swvl’s last round (Series B-2) valued the company at $157 million
Cairo-based transportation startup less than two months ago announced closing of it’s $42 million Series B-2 led by BECO Capital and Sweden’s...
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3.6KInvestmentsSaudi’s Hazen.ai raises seven-figure seed to detect dangerous driving behavior through video analysis
Makkah-based traffic monitoring and analysis startup Hazen.ai has raised seed funding from Saudi Aramco’s VC arm Wa’ed, Wa’ed said in a statement...
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4.5KInvestmentsEgypt’s Chefaa raises six-figure seed for its on-demand medicine delivery platform
Cairo-based healthtech startup Chefaa has raised seed funding in a round led by 500 Startups with participation of Flat6Labs (follow-on investment) and...
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3.9KNewsCairo-based trucking marketplace Trella joins Y Combinator, eyes regional expansion
Cairo-based trucking marketplace has joined Y Combinator, the startup announced in a statement to MENAbytes, saying that it’s part of YC’s Summer...
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2.8KNewsEgypt’s Fawry goes public with shares soaring 31% on first day, taking market cap to ~$366 million
Eleven-year-old Egyptian electronic payments company Fawry, after months of hype, finally went public on The Egyptian Exchange (EGX) on Thursday in first...
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3.4KInvestmentsMiddle East-focused Chinese ecommerce platform Jollychic raises $65 million from a UAE-based company
Jollychic, a Chinese cross-border ecommerce platform focused on the Middle East has recently closed it’s Series C+ (Series C-2) round, the company...
