Posts By Zubair Naeem Paracha
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4.4KInvestmentsEgypt’s Source Beauty raises pre-seed investment from 500 Startups for its beauty ecommerce platform
Cairo-based beauty ecommerce platform Source Beauty has raised a pre-seed investment from 500 Startups (500 Falcons), the startup announced in a statement...
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3.0KInvestmentsEgypt’s CVentures invests in London-based banking and accounting app Countingup
CVentures, the venture capital arm of Egypt’s largest private bank CIB (Commercial International Bank) has invested in London-based fintech Countingup, it announced...
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5.3KNewsUber reports nearly $3 billion quarterly loss
Uber today announced its financial results for the first quarter of 2020. The global ride-hailing and food delivery company lost $2.94 billion...
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3.4KInvestmentsSaudi’s Grintafy raises $1.25 million seed to connect amateur football players with clubs and scouts
Jeddah-based football talent discovery platform Grintafy has raised $1.25 million in a seed round led by Wa’ed Ventures and participation of Nafithat...
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5.2KInvestmentsExclusive: Swvl quietly raised over $20 million in a new round right before Covid-19
Swvl, the Cairo-born mobility startup quietly raised over $20 million in a new round right before the spread of Covid-19 in the...
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8.9KNewsUber to lay off 3,700 employees or about 14 percent of its global workforce
Uber, the global ride-hailing company is laying off about 3,700 full-time employees, it revealed in an SEC filing today. The cuts are...
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8.5KNewsThe Roundup – Ep. 1: Layoffs at Careem, Uber Eats exiting Middle East, EMPG becoming a unicorn, and more
MENAbytes Live has teamed up with Digital Digest to launch a show that would highlight and discuss the biggest tech and startup...
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2.6KNewsKitopi lays off over 10 percent of its workforce, mostly from New York
Kitopi, the Dubai-based cloud kitchen platform that raised $60 million in a massive Series B round earlier this year, has laid off...
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3.7KInvestmentsInstabug raises $5 million Series A led by Accel for expansion across mobile development lifecycle
Cairo-born software startup Instabug has raised $5 million in a Series A round, it announced in a statement to MENAbytes today. The...
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4.2KNewsUber Eats exits Saudi & Egypt, transfers business to Careem Now in UAE
Uber Eats, the food delivery arm of Uber is exiting Saudi Arabia, Egypt, and five other markets, the company announced in a...