Dubai-based Propertyfinder Group has raised $20 million in capital from Sweden-based Vostok New Ventures, a transaction that Propertyfinder says values the company at $200 million. Propertyfinder said it will continue to develop its technology, increase marketing efforts and bring in additional talent. The investment gives Vostok a 10 percent share in Propertyfinder and expands Vostok’s […]
Buzzy
Laundrybox expands its services – Wamda
At the end of 2015 Laundrybox’s business model, and solid teamwork, secured them the third place at Forbes Middle East’s 15 Most Promising UAE-Based Startups in 2015. The list, drawn up by the magazine, was based on the amount of money raised, investor perception, executive team, market reach, website ranking and number of employees. […]
The pursuit of ‘appy-ness’ – Wamda
Founder Dinesh Lalvani with some of his characters. (Images via AppyKids) Before becoming the Samsung Galaxy Tab regional ambassador for kids, or starring in the first Arabic cartoon webisode series, Zee was simply a character sketch for Dinesh Lalvani. Before Zee, Lalvani launched the characters of Alfie, a young Indian boy, and his best friend […]
Gaming platform Rize.gg raises $430,000 pre-Seed round
Gaming platform Rize.gg raises $430,000 pre-Seed round News • 10 January, 2024 Edit Arabic Saudi Arabia-based e-gaming startup Rize.gg has raised a $430,000 pre-Seed funding round, led by angel investors. Founded in 2022 by Anmar Alharbi, Rize.gg’s platform provides gamers with comprehensive tools for team building, live streaming, and tournament organisation. Rize.gg […]
Saudi Arabia’s SAMA issues open banking policy
Saudi Arabia’s SAMA issues open banking policy News • 10 January, 2021 Edit SAMA, Saudi Arabia’s Central Bank has today announced its intent to launch an open banking regulatory framework in the kingdom. In a policy paper issued by SAMA, it describes open banking “as a pivotal role in the further development of the Kingdom’s […]
Ejaro raises $850,000 seed round
Saudi Arabia-based peer-to-peer (P2P) vehicle sharing platform Ejaro, has raised a $850,000 (SAR 3.2 million) seed round, led by Saudi Arabia-based angel investors and supported by BIM Ventures. Founded in 2019, Ejaro provides car owners with the opportunity to make extra money by enabling them to rent out their cars to those in need of […]
Alpha Wave leads $5 million Series A in India’s edtech platform Kyt
Alpha Wave leads $5 million Series A in India’s edtech platform Kyt News • 10 January, 2021 Edit Source: The Financial Express Edtech platform Kyt on Wednesday said it has raised USD 5 million (about Rs 36.5 crore) in funding led by Alpha Wave Incubation (AWI), a venture fund managed by Falcon Edge Capital. The […]
Wamda
Program Eiffel1, Sheikh Zayed Rd ‑ UAE StudioRepublik’s Big Weekend 10 January, 2020 – 11 January, 2020 Register A 2-day Festival to celebrate the opening of StudioRepublik is happening on January 10-11, 2020 from 9:00 AM – 5:00 PM. StudioRepublik is an immersive, state-of-the-art environment to help individuals develop powers of expression with music, drama and dance, as […]
Unified Inbox is one of three startups selected by Marriott Hotels TestBed Middle East & Africa [Video]
Unified Inbox is one of three startups selected by Marriott Hotels TestBed Middle East & Africa [Video] Staff writer • 10 January, 2018 Edit With a huge viariety of hotels to choose from, travelers and guests are often provided with many options to choose from. Hotels that are betting on providing seemless experiences and high-tech […]
Why education in Saudi Arabia needs a boost [WamdaTV]
Mashail Balkouka, an electrical and computer engineering student at Effat University in Saudi Arabia, talks about the importance of making drastic changes in education curricula in the Kingdom. In an interview during the MIT Media Lab workshop, organized by Community Jameel and Wamda in Dubai, Balkouka said that women in computer engineering fields are getting […]