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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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10.6KInfographicsChart: It costs Uber Eats $43.5 to deliver a $40 food order
Many people assess the attractiveness of a business by looking at the value it creates for consumers. In reality, those two are...
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9.3KAdviceThe curse of VC money and unsustainable growth in consumer startups
Following the global economic meltdown of 2008, central banks around the globe loosened their monetary policies, embarking on a money-printing frenzy and...
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5.2KNewsUber 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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8.8KNewsUber 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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6.2KNewsOpinion: Winter is coming for emerging markets venture capital
As usually happens this time of year, people who live in developed markets in the Northern Hemisphere are grateful for the end...
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12.8KAdviceEcommerce post-Covid-19: Few winners and many losers
Churchill once said: ‘Never let a good crisis go to waste,’ and Covid-19 was the perfect crisis for ecommerce. Once suffering from...
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8.4KNewsThe 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...
