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China’s 360Buy Unwraps Massive New Funding Round of $700 Million
It was only three months ago that 360Buy, China’s second-largest online store, wrapped up $400 million in funding. Today 360Buy has confirmed an even bigger injection of capital with a fifth round of...
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Pakistani Jobs Site Rozee.pk Ventures Overseas With Saudi Acquisition
One of Pakistan’s earliest and most successful web businesses, the jobs portal Rozee.pk, is making waves yet again by becoming the first Pakistani tech startup to acquire a rival site in another...
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Huawei is quietly taking over the world, minus the US
Fed up with the US government’s allegations that its technology could be used for espionage, a vice president from Chinese telecommunications company Huawei in April publicly announced it was no longer...
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Fun Run has 10M monthly active gamers; Israel and Singapore among top countries
Fun Run is a simple Mario Kart-like game downloaded by over 30 million users on their Android or iOS devices. Launched only in September 5, 2012, the game already has over 10 million monthly active...
View ArticleThe co-founder of Rocket Internet’s ‘Lazada for the Middle East’ shares her...
Kanwal Sarfraz has been with the startup just over a year, but she’s already helped nab a huge funding round.
View ArticleUber raises $3.5b from Saudi Arabian government investment fund
The funding is provided by Saudi Arabia's private investment fund, which is the investment arm of the government.
View ArticleThese entrepreneurs want to solve the hassle of lingerie shopping for women
Kenz wants to create a safe environment where women in the Middle East feel comfortable and secure.
View ArticleFoodpanda acquires startup in Saudi Arabia, says Middle East business is...
It’s the first acquisition for the Rocket Internet-backed startup in the Middle East.
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In a dismal year for Rocket Internet, one startup proves to be a hidden gem
Photo credit: Jeshoots. Rocket Internet’s having a pretty dismal year. There was the loss of nearly US$700 million in the first six months, it’s seen the collective value of its fashion startups shrink...
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Tencent-backed Practo takes a leaf out of WeChat’s playbook
Shashank ND, founder and CEO of Practo. Photo credit: Practo. Shashank ND, founder and CEO of India’s leading healthcare startup, Practo, makes no bones about drawing inspiration from neighboring...
View ArticleIn brief: SoftBank CEO cancels speech at Saudi event amid outcry over...
This follows the escalating global outcry over the killing of journalist Jamal Khashoggi.
View ArticleIn brief: Oyo launches in Saudi Arabia
The Indian hotel-booking unicorn continues its rapid international expansion.
View ArticleJio Platforms welcomes $1.5 billion from Saudi Arabia’s sovereign wealth fund
The company has now raised a total of US$15.2 billion in two months.
View ArticleRetail supply chain startup Retailo raises $2.3m in pre-seed round
The round was led by Shorooq Partners, with 500 Startups and 92 Ventures also participating.
View ArticleVC firm backed by Saudi sovereign wealth fund leads $20m in foodtech startup...
With the fresh funds, Foodics plans to enter new markets and expand its fintech offering.
View ArticleIndian gig marketplace Urban Company raises $255m, enters unicorn club
Urban Company also plans to hire for its product, data and engineering teams, doubling its current headcount of about 150 to 300.
View ArticleSaudi food delivery startup plans to go public
If Jahez proceeds with the listing, it would be the first IPO of a technology startup in the kingdom, reported Bloomberg.
View ArticleJ&T Express launches in the Middle East
The logistics company has expanded into the UAE and Saudi Arabia and appointed Sean Xiao as head of its operations in the region.
View ArticleEx-Careem execs’ startup lands $36m in series A 💰
Retailo aims to help small business owners by building a commerce platform for the B2B community.
View ArticleJ&T Express, others to pour $6.4b into Saudi Arabia
Aramco Venture also set up a billion-dollar fund while Stc unveiled its US$1 billion MENA Hub, among others.
View ArticleStartups flourishing as funding wave sweeps through SEA – The Executive Brief
We take a look at Southeast Asia’s rising startups and a funding round for a Japanese startup working with fusion reactors.
View ArticleThe keys to J&T Express’ rapid global expansion
J&T Express made waves by capitalizing on its ties to Oppo and Shopee. But will that be enough to drive global expansion?
View ArticleThunes enters Saudi Arabia, appoints new country head
Prior to his new role, Ahmad Yaacoub headed the business development departments of Tiqmo and Soror.
View ArticleThe rise of a crypto dark horse
In Token Issue this week, we analyze a Singaporean crypto firm's healthy financial performance despite the negative sentiment around digital assets.
View ArticleAnimoca leads seed round of Saudi NFT marketplace
Nuqtah is the first NFT marketplace in Saudi Arabia to be licensed by the government.
View ArticleIndonesia’s ascent to the top of global Islamic fintech faces obstacles
The archipelago has more Shariah fintech players yet a smaller market size than Malaysia and Saudi Arabia.
View ArticleRebel Foods eyes $100m in revenue in Saudi Arabia expansion
The Indian unicorn hopes to operate 60 cloud kitchens in Saudi Arabia by the end of this year.
View ArticleDubai-based Kaso raises $10.5m to optimize food supply chain
The B2B firm aims to reach US$1 billion in gross merchandise value by next year.
View ArticleIn 50 Words: Saudi Arabia, Tesla in talks for factory within kingdom
This plan comes as part of Saudi Arabia's efforts to diversify its economy.
View ArticleIn 50 Words: Qatar sets sights on investments in Chinese tech, retail
Investments could be made into both private and public companies, said Abdulla Al-Kuwari, an executive with the Qatar Investment Authority.
View ArticleGulf sovereign funds sharply increase investments in SEA startups
In 50 Words: Between 2022 and 2023, there were 59 deals in Southeast Asian startups involving Gulf investors.
View ArticleMapping Middle Eastern investors fueling Asian tech firms
Factors driving rising investor interest from the UAE and Saudi Arabia include the energy transition and global geopolitics.
View ArticleAnyMind Group enters Saudi Arabia
In 50 Words: This marks AnyMind Group's second market in the Middle East and 15th globally.
View ArticleSaudi fintech firm Tamara reaches $1b valuation, considers future IPO
In 50 Words: The company raised US$340 million in its recent funding round, which saw contributions from Sanabil and SNB Capital.
View ArticleGolden Gate Ventures opens first MENA office in Saudi Arabia
In 50 Words: The VC firm wants to help speed up the development of the region's startup ecosystem.
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