Wamda
Oct 7, 2024 · Crowdsourcing. Wamda accelerates entrepreneurship ecosystems across the Middle East and North Africa region through its sector-agnostic investment vehicle, Wamda Capital, which invests in high-growth technology and tech-enabled startups. Its leading knowledge platform provides the region with impactful thought leadership and research, community ...
6 inspiring quotes for entrepreneurs from Nelson Mandela
Dec 8, 2013 · Here are 6 quotes that reveal ways entrepreneurs, social entrepreneurs and business leaders can find their inner Mandela: 1. "Vision without action is just a dream, action without vision just passes the time, and vision with action can change the world." It’s easy to become distracted doing things that are related to, but not core to our vision.
Ride-hailing in Egypt: A global tug-of-war - Wamda
Aug 24, 2021 · This is in addition to the Russian-founded ride-hailing firm inDriver, which kicked off its operations in Egypt last year. “As the cash cow that it is, the Egyptian [market] is still lucrative for global companies to operate in,” says Mohamed Ragab, business development representative at inDriver. He adds: The cost of setting up a ride ...
Why Mumzworld is a unique story for the Arab region - Wamda
Jun 29, 2021 · The Mumzworld story is a triumph for e-commerce startups and the entrepreneurial ecosystem in the Arab region. The journey of the two founders - Mona Ataya and Leena Khalil, has been an incredible one so far. Both women are exceptional entrepreneurs, who are also mothers building a business while raising a family.
Syarah raises $20 million in Series B round - Wamda
News • 29 August, 2021. Arabic. Saudi Arabia-based car marketplace Syarah has secured $20 million in a Series B round co-led by Impact46 and Elm company, with participation from Budget (United International Transportation Co.), Vision Ventures, and Yousef Al-Rashidi, the founder of Haraj. Founded in 2015 by Salah Sharef and Fayez Al-Anazi ...
Noon.com to raise $2 billion over three to four years - Wamda
Oct 4, 2021 · Source: Gulf Business. Amazon.com’s Middle Eastern rival Noon.com is set to draw as much as $2 billion in financing from investors including Saudi Arabia’s sovereign wealth fund over three to four years, as it seeks to capture a larger slice of the Gulf e-commerce market. The investments from the Public Investment Fund and others will be ...
VentureSouq launches $50 million fund - Wamda
Nov 21, 2021 · GCC-based VC firm VentureSouq has launched the $50 million Mena FinTech Fund I, aiming to invest in early-stage fintech and SaaS companies across the Middle East & North Africa and Pakistan region (MENAP). The fund is backed by the Saudi Venture Capital Company (SVC) and the Jada Fund of Funds, Bahrain’s Al Waha Fund of Funds, UAE’s ...
This is how Jamalon brought print-on-demand to the MENA
Aug 16, 2017 · Jamalon has a POD model, which is frequently upgraded. Alsallal said his goal is for Jamalon to become the McDonald’s of operations in the region. “When someone orders from McDonald’s, they have a challenge to deliver within 30-60 minutes,” Alsallal said. “If you have print-on-demand in every country, fast delivery becomes a prime ...
The story of Yahoo's acquisition of Maktoob [Case Study]
Oct 13, 2013 · In 2009, as everyone knows, Maktoob was then acquired by Yahoo!, marking Yahoo!’s entrance into the Arab world. The U.S.-based web portal had already reached 20 million regional users in English, compared to Maktoob’s 16 million, making both among the top-10 websites across the Arab World. “We think this [acquisition] is the turning point ...
Crowdfunding platform Manafa secures $28 million Series A round
Dec 28, 2022 · Saudi Arabia-based fintech Manafa, has closed its Series A funding of $28 million (SAR106 million), led by STV and Wa’ed Ventures, the venture capital arm of Saudi Aramco. Founded in 2018 by Abdulaziz Al-Adwan and Amr Murad, Manafa provides financial products tailored to fulfil the needs of SMEs in various sectors by offering debt and equity ...