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Yaoota acquires portals

Egypt’s Yaoota Acquires Two Phone Comparison Portals On The Road To E-commerce Glory

Egypt-based e-commerce platform Yaoota acquired phone comparison portals Mobihall and Mobilesgate.The value of the deal remained is not disclosed.Founded in 2014, Yaoota is operating in Egypt, Saudi Arabia, UAE, Kenya and Nigeria.With... (contd.)
Emirati fund for non-oil economy

This Emirati Fund Aims To Produce The Next Google Or Tesla

Sandooq Al Watan, an initiative launched by a group of Emirati businessmen, has launched a venture fund titled ‘Our Future’ which aims to produce the next Emirati Google or Tesla by 2071.Sandooq... (contd.)
TUNISIA STARTUP

This Tunisian Gaming Startup Just Raised Some Fresh Funding

Tunisian startup Polysmart, which designs video games, just raised 1.5 million Tunisian dinars (around $600,000).Founded in February 2015 by Haroun Gharbi and Ahmed Cheikhrouhou, the startup has raised nearly 2.2 million dinars... (contd.)
Modacruz raises $2 million

Turkish Startup Raises $2 Million To Take A Bet On Second-hand Fashion

Turkish mobile marketplace of second-hand fashion items for women Modacruz has raised $2 million in its Series B investment round led by Dubai-based venture capital firm Middle East Venture Partners (MEVP).Hummingbird and... (contd.)
Saudi State of Startups

State Of The Startups: Saudi Arabia Marches Forward But Challenges Remain

The number of entrepreneurship support organizations—such as funds, coworking spaces, incubators, and accelerators—in Saudi Arabia has nearly tripled from 13 to 36 between 2011 and 2015, according to The Kingdom of Saudi Arabia:... (contd.)
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Moroccan Startup Raises $3 Million With A Goal To Be The ‘Alibaba Of Africa’

Moroccan startup Waystocap has raised $3 million to expand operations in Africa, it announced last week.The investors in the latest round include Y Combinator, Battery Ventures, Soma Capital, Palm Drive Capital, Amino... (contd.)
There Is No Simple Answer

How Much Money Should You Be Investing in Your Business Today?

The simple rule in business is that you must be willing to invest and take risks to grow, expand, and make money.  While the rule might be simple, how you choose to... (contd.)

Infographic: Here’s What Five Years Of MENA Exits Looks Like

We need to talk about the region's Souq-Amazon induced euphoria—bordering on hysteria. Calm down people, it's not the only big exit that MENA has seen.Of course, it's rather glamorous that one of... (contd.)
Careem Breaches $1 billion valuation mark

The Unicorn ? Careem Raises Another $150 Million To Breach $1 Billion Valuation Mark

Careem, the regional ride-hailing app, has closed out a $500 million fundraising round after a final total infusion of $150 million led by Saudi billionaire Prince Alwaleed bin Talal and the financial... (contd.)
Bloovo raises funds

Betting On GCC Job Growth, Dubai-based Online Recruitment Startup Raises $3 million

Dubai-based online recruitment platform Bloovo has raised $3 million in its latest round of funding.The funding round was led by Noble Partners. Other participants included ProCapita HR Consulting and Sulaiman Al-Rubaie from Kuwait;... (contd.)
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