The Luxury Closet (TLC) is an online store that sells pre-owned fashion items founded in Dubai in 2012 by Kunal Kapoor. The company recently raised a growth funding round, taking its total investment up to $11 million and in keeping with retail trends in the region, TLC just opened a physical store in Dubai’s Marina Mall.

UAE-based e-commerce platform Sprii.com has raised a further $8.5 million in its Series A funding that it will use to accelerate its expansion across the Middle East and invest in new technology and recruitment to enhance its customers experience.

The Cartier Women’s Initiative is an annual international business programme that aims to identify, support, and encourage businesses led by women entrepreneurs.

Source: MenaBytes Hopi, a yet-to-be-launched Dubai-based direct-to-consumer subscription contact lens startup has raised seed funding from Esanjo Ventures, a trading, investment and technology firm founded by JadoPado’s Omar Kassim, the startup announced today in a statement to MENAbytes.

Lebanon-based BSynchro Holding, an insurance technology company, has raised $1 million from its current shareholders Berytech Fund II and Phoenician Funds I.

The Middle East is no stranger to online food delivery. Apps like Zomato, Deliveroo and Talabat are found on almost every smartphone in the region, but increasingly consumers are becoming more comfortable with purchasing their groceries online.

Source: Bloomberg  Swvl, an Egyptian app for booking buses, has raised $42 million as it looks to expand into other parts of Africa, including Nigeria.

The General Assembly of Citizen Entrepreneurs and Organizations is happening on June 28-30 in Essaouira, Morocco and will be bringing together 250 participants around the notion of Prosperity.

UAE-based Zbooni has closed its latest funding round of $1.1 million led by the Chalhoub Group and B&Y Venture Partners. It will use the funding to continue to grow its business.

Source: MenaBytes Mubawab, the leading real estate portal of Morocco that was acquired by Dubai-based Emerging Markets Property Group last year, has acquired Jumia’s property portal Jumia House in Morocco, Tunisia & Algeria, Mubawab announced today.

Source: Arabian Business Dubai royal, Sheikh Saeed bin Ahmed Al Maktoum, has invested in Urent, a new online platform that aims to revolutionise the UAE car rental industry.

Source: MenaBytes GuestReady, a London-headquartered short-term rental management startup has raised $6 million in its Series A led by Dubai-based VentureSouq and existing investor Impulse VC, the startup announced yesterday.

Source: MAGNiTT Averos, a Saudi Arabian startup based out of Makkah, raised an undisclosed Pre-Series A funding round from Saudi Aramco’s Wa’ed Ventures, the investor told MAGNiTT.