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TECHNOLOGY 12 hours ago from Wamda

In conversation with Kunal Kapoor of The Luxury Closet

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.

TECHNOLOGY 1 days ago from Wamda

Sprii closes $8.5 million in Series A

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.

TECHNOLOGY 1 days ago from Wamda

The Cartier Women’s Initiative

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

TECHNOLOGY 1 days ago from Wamda

Hopi raises six-figure seed funding

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.

TECHNOLOGY 2 days ago from Wamda

BSynchro raises $1 million

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

TECHNOLOGY 5 days ago from Wamda

Shopping for groceries with El Grocer [podcast]

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.

TECHNOLOGY 5 days ago from Wamda

Swvl raises $42 million to expand to Africa

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.

TECHNOLOGY 6 days ago from Wamda

The General Assembly of Citizen Entrepreneurs and Organizations

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.

TECHNOLOGY 6 days ago from Wamda

UAE-based Zbooni raises 1.1 million

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.

TECHNOLOGY 6 days ago from Wamda

Dubai-based Mubawab acquires Jumia House

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.

TECHNOLOGY 6 days ago from Wamda

Dubai-based Urent raises seed funding

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.

TECHNOLOGY 6 days ago from Wamda

London-headquartered GuestReady raises $6 million in series A

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.

TECHNOLOGY 7 days ago from Wamda

Saudi-based Averos raises Pre-series A round

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.