Startups
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4.7KHow Careem’s website looked like when it was launched in 2012
Careem was born five years ago on 1st Ramadan. Two former McKinsey Consultants took it upon themselves to try and fix the broken...
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4.0KDubai-based Compareit4me raises $3.5 million, plans to launch insurance comparison platform in Saudi
Dubai-based Comparison website, Compare4me.com has secured $3.5 million in the latest round of funding; it announced today. The funding comes from existing...
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6.6KAlabbar’s Emaar Malls acquires 51% stake in Rocket Internet’s Dubai-based Namshi for $151 million
Mohamed Alabbar’s Emaar Malls has acquired a 51% stake in Namshi for $151 million in an all-cash trasaction. That makes 5-year old Namshi valued...
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4.6KAfter Saudi, Careem launches delivery service in UAE as well to take on Fetchr
Two months after launching the Delivery Service in Saudi, Careem has now launched it in UAE as well. Naming the service BOX,...
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8.8KFetchr’s Co-Founder Omar Yaghmour wants to help entrepreneurs by dedicating 5 hours every week to meet and mentor them
After closing the largest ever Series B round of the region in which Fetchr raised $41 million, now one of its co-founders Omar Yaghmour...
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9.2K5 Saudi Startups that could be the Next Big Thing
Saudi Arabia ranks 94 on World Bank’s Ease of Doing Business Index so its obvious how difficult it is to start and...
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5.0KMeet Sihatech, the Saudi Startup that won the ArabNet Startup Championship in Dubai
ArabNet Digital Summit, one of the biggest startup and entrepreneurship event of the region concluded in Dubai yesterday. From what we’ve heard...
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6.1KFetchr secures $41 million in Series B funding, now an even stronger contender to be the next unicorn of MENA
Fetchr, a logistics tech company co-founded by Idriss Al Rifai & Joy Ajlouny in 2012 to tackle the ‘no address problem’ in the...
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4.4KSTC’s incubator InspireU is accepting applications for third intake of startups, offers seed funding of 75,000 Riyal without taking equity
Normally known for its telecom services, STC has also become a very active player in the startup ecosystem of MENA. They had...
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11.5KSouq.com was acquired for $580 million: Amazon’s 2017 Q1 report to SEC
Souq.com’s acquisition by Amazon was not really straightforward. The whole episode had a lot of twists and turns before confirmation by both the...