eCommerce enabler Opontia has acquired UAE-based direct-to-consumer (D2C) medical equipment and therapeutic products, Novimed. Novimed launched in 2017 with its first core product: medical pillows and cushions for patients suffering from acid reflux. The company now offers different kinds of medical products to support patients and physicians during treatment plans, including medical braces, foot care […]
Trendyol, an eCommerce company backed by Alibaba Group Holding Ltd, is close to raising fresh funding at a $16.5 billion valuation, making it Turkey’s biggest startup. The company is in talks to raise about $1.5 billion from investors including General Atlantic and could complete the deal as soon as next week. SoftBank Group Corp is […]
Pendo announced $150 million in funding to help companies bridge the gap between how users expect software to work and their experience actually using it. Led by B Capital Group, with participation from Silver Lake Waterman and existing investors, the Series F round will fund aggressive global expansion, strategic acquisitions and continued innovation in Pendo’s […]
Iraqi-US beauty mogul Huda Kattan has announced Ketish as the first brand to be launched by Huda Beauty Angels — which falls under HB Investments, Kattan’s venture capital firm. Ketish, a feminine care label, is being spearheaded by Eman Abbass, a former Huda Beauty product developer. “I’m really excited on a deep level about Huda […]
Cairo-based online household shopping service, GoodsMart, has raised additional funding of $3.6M, led by Sawari Ventures to accelerate market expansion. The company launched in 2014 as a grocery shopping application with unattended delivery service. Unlike most online grocery startups across the region, GoodsMart’s model is quite different, by enabling households to sign up and receive […]
Coralogix announced it has raised $55 million in a Series C funding round, bringing the company’s total amount raised to $96 million. New investor Greenfield Partners led the round with participation from Red Dot Capital Partners, StageOne Ventures, Eyal Ofer’s – OG Tech, Janvest Capital Partners, Maor Investments, and 2B Angels. Coralogix is the leading […]
Riyadh-headquartered B2B asset-light last-mile startup, WeDeliver, has announced the closing of its unprecedented $2.4 million pre-Seed round. This is the largest pre-Seed round for a Saudi-based startup and the third-largest for a startup in the MENA region. The company, founded by three industry entrepreneurs, launched operations in Riyadh in April 2020, just a few weeks […]
With the UAE’s economy opening up and mobility once again on an uptick post-pandemic, Udrive, the app-based pay-per-minute car rental service, is accelerating its growth — by doubling its fleet size over the next 3 months and targeting 500 per cent revenue growth in the next 12 months — as it looks to continue disrupting […]
Pinterest has introduced two new features – Product Tagging and Paid Partnership -which will enable Creators to monetise for the very first time, tag their Ideas Pins with shoppable products, and make clear any partnerships with brands on sponsored content. Anyone with a business account can create Idea Pins and tag them with shoppable products, […]
Jeeng announced the launch of its new AdServe for Push that allows publishers to traffic ads from their Google Ad Manager (GAM) inventory into browser-based push notifications. The new capability enables publishers to easily monetise this fast-growing channel using existing ad inventory directly from GAM, extending their direct-sold campaigns to create a valuable new revenue […]
