Wamda
Oct 7, 2024 · Wamda accelerates entrepreneurship ecosystems across the Middle East and North Africa region through its sector-agnostic investment vehicle, Wamda Capital, which invests in high-growth technology and tech-enabled startups.
Pure Harvest raises $64.5 million from Korea's IMM Investment
Oct 27, 2021 · Press release: Pure Harvest Smart Farms (the “Company”), a leading sustainable technology-enabled agribusiness, today announced that it has secured US $64.5 million in growth capital to accelerate the Company’s expansion and technology development efforts. This latest financing round was led by Korea’s leading private investment firm ...
Snoonu raises $5 million in Series A - Wamda
Apr 14, 2021 · Qatar-based super app Snoonu, has raised $5 million in the largest Series A round ever raised by a Qatari startup. The round was led by its strategic partner, Qatar Development Bank (QDB), with participation from multiple investors. Founded in 2019 by Hamad Al Hajri and Sabina Abuova, Snoonu is a one-stop application offering multiple services ...
Saudi Arabia’s Tamer Group acquires majority stake in Mumzworld
Jun 28, 2021 · Mona Ataya, co-founder and CEO of Mumzworld. Saudi Arabia’s Tamer Group, a healthcare distributor and logistics company has acquired a majority stake in UAE-based e-commerce marketplace for mothers, Mumzworld. Founded in 2011 by Mona Ataya and Leena Khalil, Mumzworld is the Middle East’s largest online marketplace for mothers and baby goods ...
Etisalat acquires UAE-based elgrocer - Wamda
Nov 18, 2021 · Telecoms operator Etisalat has fully acquired UAE-based elgrocer, an e-grocery startup for an undisclosed sum. Founded in 2015 by Nader Amiri, elgrocer operates as an online marketplace for groceries stores across all seven emirates. It currently has more than 500 outlets listed on its platform with 120,000 SKUs 120K products listed.
Digital freight platform Palletpal raises $200,000 from Draper
Oct 20, 2021 · UAE-based digital freight platform Palletpal has raised $200,000 in a pre-Seed round from US-based Draper Associate. Founded in 2021 by Adel Hamwi, Kareem Ghanam and Ali Nawaz, Palletpal looks to streamline the heavy container shipping process by enabling companies across the Middle East to have better control of their shipments.
Why Mumzworld is a unique story for the Arab region - Wamda
Jun 29, 2021 · The Mumzworld story is a triumph for e-commerce startups and the entrepreneurial ecosystem in the Arab region. The journey of the two founders - Mona Ataya and Leena Khalil, has been an incredible one so far. Both women are exceptional entrepreneurs, who are also mothers building a business while raising a family.
A deep dive into the GCC’s cloud kitchen sector [part one]
Jun 11, 2020 · When Uber co-founder Travis Kalanick sold most of his shares in the mobility giant to launch CloudKitchens, securing a $400 million cheque along the way from PIF, Saudi Arabia’s sovereign wealth fund, it ignited a wave of interest among the world’s tech community.With one of the world’s most successful entrepreneurs at the helm and …
Saudi agritech Red Sea Farms expands into US - Wamda
Jan 31, 2022 · Arabic. Saudi Arabia-based agritech Red Sea Farms is expanding to the US, following an investment from US investors AppHarvest and Bonaventure Capital, alongside funding from Saudi Aramco’s entrepreneurship arm Wa’ed, the Future Investment Initiative Institute, Global Ventures and King Abdullah University of Science & Technology in 2021.
Ride-hailing in Egypt: A global tug-of-war - Wamda
Aug 24, 2021 · This is in addition to the Russian-founded ride-hailing firm inDriver, which kicked off its operations in Egypt last year. “As the cash cow that it is, the Egyptian [market] is still lucrative for global companies to operate in,” says Mohamed Ragab, business development representative at inDriver. He adds: The cost of setting up a ride ...