Posts By Zubair Naeem Paracha
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1.7KNewsSTV scores a quick win exiting Careem with an incredible ±2x return in almost five months
Saudi Technology Ventures (STV), the largest VC fund of the Middle East & North Africa that began operations almost a year ago...
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4.0KInvestmentsEgypt’s Brimore raises $800,000 to help small local manufacturers sell directly to consumers with its network of freelance sales agents
Cairo-based direct-selling distribution platform has raised $800,000 in a seed funding round, the startup announced today in a statement to MENAbytes, adding...
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4.0KEcosystemChina’s Gobi Partners and Pakistan’s Fatima Ventures launch $20 million VC fund for early-stage Pakistani startups
Gobi Partners, a China-headquartered venture capital firm with big presence in Southeast Asia and over $1.1 billion of assets under its management...
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4.1KNewsSTC Ventures, the first institutional investor in Careem makes over 100x return on their initial investment
STC Ventures, the first institutional investor that had led Careem’s $1.7 million seed round in 2013 with an investment of $1 million...
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3.4KInvestmentsEgypt’s GBarena raises six-figure seed funding for its esports and gaming community
Giza-based esports and gaming community GBarena has raised seed funding from HIMangel, the startup announced today. GBarena did not disclose the exact...
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2.8KNewsSaudi-based travel group Al Tayyar wins big with Uber-Careem deal earning profit close to $500 million on their Careem investment
Saudi-based travel group Al Tayyar has won big with Uber-Careem deal, earning a gross profit of $474 million (SAR 1.78 billion) on...
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2.3KNewsUber and Careem will continue to operate their services and brands independently in MENA after the acquisition is complete
Uber today announced the acquisition of its Middle East rival in a cash and stock deal that valued the company at $3.1...
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3.6KNewsIt’s official: Uber has acquired Careem for $3.1 billion in a cash and stock deal
It is official. After almost a year of rumors, Uber today has announced the acquisition of its Middle Eastern rival for $3.1...
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2.6KNewsSTV hires former BCG Principal Luca Barbi as Chief Operating Officer
Saudi Technology Ventures, the Riyadh-based largest VC fund of Middle East & North Africa has hired Luca Barbi, a former Principal with Boston...
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4.0KNewsCairo-based wellness startup Instadiet.me selected for Google Launchpad Accelerator
Egyptian wellness startup Instadiet.me has been selected for Google Launchpad Africa’s third cohort, Google revealed in a blogpost last week. It is...