Startup

Trident Growth Partners, led by former Premji Invest and IFC investors, secure Rs 1,000 cr in debut fund

Backed by Ranjan Pai's family office Claypond Capital and SIDBI's Fund of Funds for Startups, the fund is led by former Premji Invest and...

Saudi Arabia tops emerging markets’ venture capital funding, overtakes Singapore 

RIYADH: Saudi Arabia has overtaken Singapore as the premier destination for venture capital funds across emerging markets after it secured $391 million in the...

Saudi crude output hits 8.95m bpd: JODI data 

RIYADH: Saudi Arabia’s crude oil production rose to 8.95 million barrels per day in February, marking a 0.34 percent monthly increase, according to the...

Adani Green decides to withdraw from $1 billion projects in Sri Lanka

Adani Green, the renewable energy arm of the Adani Group, has decided to withdraw from the proposed $1 billion wind farm and power transmission projects...

Bench shuts down, leaving thousands of businesses without access to accounting and tax docs

Bench, a Canada-based accounting startup that offered software-as-a-service for small and medium-sized businesses, has abruptly shut down, according to a notice posted on its website.   “We...

$132K – $149K, here’s what seed-stage founders pay early employees, based on data

Once a startup has raised its seed round, the perennial question becomes how much should the founders pay themselves and their first few employees? Kruze...

PalmPay and Jumia partner to develop Nigerian digital payment ecosystem

In an attempt to grow the use of the cashless economy, operator of Nigeria's most used mobile wallet PalmPay has partnered with African e-commerce...

Tech-savvy Saudis push consumer fintech to new heights

Saudi Arabia’s tech-savvy population is pushing consumer fintech to new heights, with innovations such as buy now, pay later gaining significant traction, according to...

New regulation to attract start-ups, global fintech: CBUAE

The Central Bank of the UAE (CBUAE) has issued the Sandbox Conditions Regulation, which aims to attract start-ups and global fintech businesses and create an...

Gaming startups can make the world a better place, says tech investor

Middle East startups in the booming gaming industry have the power to drive positive real-world impact, and a prominent tech investor says they should...

Tabby announces pre-IPO $700 million debt facility from J.P. Morgan

UAE-founded and Saudi Arabia-headquartered fintech Tabby has secured a $700 million debt financing round from J.P. Morgan, ahead of its planned initial public offering...

UAE’s metaverse startup Nümi raises $20 million from Venom Ventures Fund

UAE-based metaverse startup Nümi has raised $20 million from Venom Ventures Fund (VVF), a newly launched $1 billion VC fund born out of Venom...

XDFi, World’s First Compliant Decentralized Futures Protocol, to Launch on Flare Network

Flare, the blockchain for data, has announced a partnership with Sindric Solutions to launch XDFi, a new decentralized futures protocol created by Wall Street...

Crypto Startups Raised $201.4M in Venture Funding Last Week, Led by Infrastructure

The largest fundraises for the week belonged to metaverse startup Futureverse and RISC Zero, which creates developer tools for zero-knowledge proofs. Venture capital and investment...

Fenix Games Announce Technology to Bring World-Class IP Games to Web3

Today, games publisher Fenix Games and Horizon Blockchain Games, a web3 gaming and infrastructure company, are announcing a partnership to help usher in a new wave of...

Tabby closes new round, upsizes debt facility to $350 million

Tabby, the Menas leading shopping and financial services app, has successfully closed a new financing round resulting in upsizing its debt facility to $350...

Firefly, a Rocket building company is close to announcing oversubscribed capital raise

Since launching its first successful orbital launch in October, Firefly Aerospace has kept busy — and is on the cusp of raising more cash. The...

$20 million raised by SaaS platform, Zluri led by Lightspeed

Software-as-a-service (SaaS) platform Zluri has raised $20 million in a Series B funding round, led by Silicon Valley-based Lightspeed Venture Partners. Existing investors including...

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Don't miss

Trident Growth Partners, led by former Premji Invest and IFC investors, secure Rs 1,000 cr in debut fund

Backed by Ranjan Pai's family office Claypond Capital and...

Saudi Arabia tops emerging markets’ venture capital funding, overtakes Singapore 

RIYADH: Saudi Arabia has overtaken Singapore as the premier...

Saudi crude output hits 8.95m bpd: JODI data 

RIYADH: Saudi Arabia’s crude oil production rose to 8.95...

Fireside Ventures gets ready to raise $230 million for fourth fund

Fireside has raised money largely from domestic LPs but...

ACWA Power secures $119m loan facility from Alinma Bank for new headquarters

RIYADH: Saudi utility giant ACWA Power has secured an...