Fetchr, a Dubai-based provider of a package delivery app, closed $11m Series A funding. The round was led by New Enterprise Associates (NEA). The company intends to use the funds to launch the mobile application in the Appstore and Google Play, as well as accelerate product development. Co-founded by CEO Idriss Alrifai and Joy Ajlouny, […]

According to multiple reports, Namshi, the Middle East-based online fashion store backed by Rocket Internet, raised $13m in funding. The backer was Summit Partners. The company is using the funds to grow operations and expand its presence and market position in the Middle East. Namshi currently sells Men’s, Women’s and kids’ clothing, shoes, and accessories […]