WaffarX, the first-ever cashback shopping service in the Mena region, has completed a multi-million dollar financing round led by the Silicon Valley venture capital firm, Lobby Capital, marking the latter’s first investment in the Mena region. Lobby Capital is experienced in investing in successful cashback platforms, having been an early investor in the US firm […]
Splashlight Studios, a eCommerce digital solutions provider has raised Seed funding of $1 million from Eagle Ventures, a Dubai-based fund managed by Adit Mehta and Hitesh Ajmera. Backbay Advisors was the financial advisor to Splashlight Studios on the transaction. “The Seed fund is a great vote of confidence for Splashlight Studios and highlights the progress […]
Virtuzone teams up with Etisalat, Aramex, Launch DXB to launch the first eCommerce-focused accelerator programme in the UAE and MENA region The UAE’s company formation specialists, Virtuzone, alongside Etisalat, Aramex and Launch DXB have announced the launch of AMP – the first accelerator programme dedicated to fast-tracking the growth of eCommerce startups in the country, […]
Epson has recently announced the appointment of Natalie Harrison as head of marketing services for the Middle East and Africa (MEA) region. In this role, she will be responsible for the strategic planning, implementation, and forecasting of regional and local marketing initiatives that align with Epson’s business objectives. Harrison joined Epson in October 2018 as […]
Jordan-based BithTV, a crowd content platform for Arab gamers has successfully raised $205K in its latest funding round. The Seed round was led by existing investor Oasis500, with participation from BeyondCapital and various Angel Investors including family offices and individuals investors from BeyondCapital’s Angel Network (BCAN). Launched in 2020, BithTV offers a content platform for […]
Startups are not only key drivers of economic growth and job creation but are often a catalyst for innovation. In the MENA region, innovation by young firms contributes significantly to aggregate productivity growth. When it comes to startup success stories in the region, ride-hailing service Careem, which was acquired by the US-based Uber in 2019, […]
According to Stefan Toubia, Founder and CEO of Raayi, the region’s first cross-industry crowdsourcing review platform, the UAE is leading the MENA region in the crowdsourcing industry where public participation in issues of national importance, including health and education, is highly encouraged. “Crowdsourcing, or the practice of enlisting the recommendations or contributions of a large […]
Arrow Labs, the technology company uniting deskless, frontline workers announced the investment of Draper Associates, the Venture Capital fund founded by renowned American investor Tim Draper, in its US$5 million Series A fundraise. Draper Associates’ investment is one of the company’s first in a MENA region company, reflecting the company’s excitement at the technology of […]
Scopernia, a new generation management consulting firm, has launched a gaming consulting service – Scopernia Gaming. The proposition taps into several, current global trends at once. Gaming is a rapidly expanding industry, even more so following the pandemic-induced focus on home entertainment. A September 2020 report from consultancy Simon Kucher & Partners revealed that Covid-19 […]
A seasoned marketing professional with vast experience in the MENA region, Rami Deeb, who manages Talkwalker’s digital marketing efforts for the MEA market, talks about how social intelligence provides insight to predict consumer behaviour and the key challenges brands face today. Why is social intelligence becoming so important? Social media is a gold mine for […]
