MobiKwik Valued At $700 Mn After $20 Mn Round From Abu Dhabi Investment Authority

Gurugram-based payments and financial services startup MobiKwik has raised $20 Mn from the United Arab Emirates (UAE) sovereign wealth fund…

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UAE’s Mumzworld acquired by Saudi’s Tamer Group

Saudi-based Tamer Group acquires a majority stake in Mumzworld, the UAE-based mother, baby and child (MBC) e-commerce platform, for an undisclosed sum….

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Dubai’s Eyewa raises $21 million Series B to expand its

Dubai-headquartered eyewear startup Eyewa has raised $21 million in a Series B co-led by Kingsway Capital and Nuwa Capital, it announced in…

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UAE retail e-commerce market reaches $3.9bn in 2020

In 2020, the apparel and footwear category had the highest share of 33 per cent ($1.3bn) in the UAE retail…

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Dubai plastic waste-to-clothes startup looks to KSA

The company converts plastic bottles — collected from schools, events and businesses across the city — into clothes The UAE…

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ADIB announces digital account opening for SMEs

Abu Dhabi Islamic Bank (ADIB), today announced that it launched a digital account opening system to enable SMEs to open…

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UAE-based Alma Health secures investment from Oryx Fund

Alma Health, an Abu Dhabi-based healthcare startup has announced it has received funding from the Hambro Perks Oryx Fund, a dedicated venture fund…

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Wellbeing Nutrition raises $2.2M in Series A funding from Fireside Ventures

This is the second investment for the Mumbai-based nutraceuticals startup in June 2021. Here’s what is attracting investors towards Wellbeing…

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Fintech funding record: Dubai-based Tabby raises $50mln in debt financing

The company raised $50mln in debt financing from Partners for Growth Dubai-based buy-now, pay-later company Tabby has raised $50 million…

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Generation Start-up: FortyGuard looks to mitigate effects of extreme heat on cities

Company is applying special coatings to surfaces and using AI to find ways to reduce ambient temperatures in a cost-effective…

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