Jollychic, a Chinese e-commerce platform focusing on the Middle East region, recently completed its US $65m (AED 238.5m) Series C+ funding round.
FlexxPay.com, a Dubai, UAE-based social impact startup, raised a funding round of undisclosed amount.
Tenderd, a Dubai, UAE-based heavy equipment rental marketplace for the construction industry in the MENA region, raised $5.8m in seed funding.
The Abu Dhabi Investment Office, ADIO, has launched an AED535m fund to grow Abu Dhabi’s Venture Capital, VC, and start-up ecosystem.
Travelstart, a Cape Town, South Africa- and Dubai, UAE-based online travel company, received an investment from HarbourVest.
Property Finder, a UAE-born real estate portal in the MENA region, acquired Bahrain Property World, a property portal in Bahrain.
San Francisco, California-based Uber is to acquire Middle East, Africa-focused transportation network company Careem, for $3.1 billion.
Beehive, a Dubai, UAE-based fintech P2P SME lending platform, raised $4m in Series B funding.
Student.com, a Dubai, United Arab Emirates-based marketplace for student accommodation, received an additional $10m funding as part of its Series C+ round.
Yellow Door Energy, a UAE-based solar developer, raised $65m in Series A financing.
Gan Integrity, a provider of a compliance solution for global businesses, raised $15m in Series B growth financing.
yallacompare, a Dubai, UAE-based comparison site for financial products, raised $8m in funding.
Property Finder, a Dubai, United Arab Emirates—based real estate classifieds portal in the Middle East, North Africa and Turkey, received a $120m investment.
Careem, a Dubai, UAE-based ride-hailing company, raised US$200M in the first close of US$500M Series F funding round.
If you are planning to hit the roads soon, do not just rely on your driving skills. Merely superior driving skills won’t warrant a smooth ride.