Egypt-based pharma marketplace, Grinta, raised an undisclosed funding round from Beltone Venture Capital and R ..Read More

Egypt-based pharma marketplace, Grinta, raised an undisclosed funding round from Beltone Venture Capital and Raed Ventures. Founded in 2021 by Mohamed Azab, Yosra Badr, Ali Youssef, and Hamza Mohamed, Grinta connects pharmacies with traceable pharmaceutical products. The funding will support Grinta’s pivot into hybrid direct patient care following its acquisition of Citi Clinic and facilitate its planned expansion into East Africa.
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• Healthtech

UAE-based wellness company, Longetivy Wellness Hub, secured $4 million in funding from undisclosed investors. ..Read More

UAE-based wellness company, Longetivy Wellness Hub, secured $4 million in funding from undisclosed investors. The investment will support the company’s expansion across the GCC. Founded in 2019 by Dani Afiouni, Longetivy provides alternative wellness solutions, including hyperbaric oxygen therapy, red light therapy, and quantum-based treatments.
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• Wellness

Kuwait-based autotech/fintech startup, Motery, secured a seed funding round at an $8 million valuation for an ..Read More

Kuwait-based autotech/fintech startup, Motery, secured a seed funding round at an $8 million valuation for an undisclosed amount. The investment will support Motery’s expansion as a one-stop platform for online car buying and financing. Founded in 2029 by Mohammad Al Abdulsalam and Abdulla Al Ateeqi, the startup simplifies vehicle purchases with flexible financing solutions tailored to customer needs.
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• Autotech
• Fintech

Saudi Arabia-based proptech startup, Ajras, secured a $1.5 million pre-Series A funding round led by Veda Hold ..Read More

Saudi Arabia-based proptech startup, Ajras, secured a $1.5 million pre-Series A funding round led by Veda Holding. Previously, the startup raised SAR 105.05 million in a seed round in November 2023, led by Madarek International. The investment will support Ajras in expanding its financing solutions for rent payments in commercial and industrial sectors.
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• Proptech

UAE-based fintech, KLAIM, secured $10 million in a Series A equity funding round led by Mad’a Investments, w ..Read More

UAE-based fintech, KLAIM, secured $10 million in a Series A equity funding round led by Mad’a Investments, with participation from CDG Invest, alongside an additional $16 million from Tharawat Tuwaiq Financial Company. Previously, KLAIM raised $5 million in its 2022 seed round from Knuru Capital. The investment will support its expansion, technological advancements, and partnerships with financial institutions and healthcare providers.
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• Fintech

Morocco-based superapp, ORA Technologies, secured $1.9 million in a pre-Series A funding round led by Witamax ..Read More

Morocco-based superapp, ORA Technologies, secured $1.9 million in a pre-Series A funding round led by Witamax and Azur Innovation Fund. This brings its total investment to $4.4 million. The funding will support the scaling of its food delivery feature, Kooul, and accelerate the growth of its digital payment and money transfer solution, ORA Cash.
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• Information Technology

Kuwait-born and UAE-based q-commerce and foodtech, Talabat, has acquired 100% of UAE-based online marketplace, ..Read More

Kuwait-born and UAE-based q-commerce and foodtech, Talabat, has acquired 100% of UAE-based online marketplace, InstaShop, from Delivery Hero SE for $32 million, making it a wholly owned subsidiary. The acquisition strengthens Talabat’s grocery and retail offerings across MENA. Founded in 2015, InstaShop operates in the UAE, Bahrain, Egypt, Lebanon, and Qatar. Talabat, founded in 2004, was previously acquired by Rocket Internet for $170 million in 2015.
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• Foodtech

PayTabs Group acquired a 51% stake in PayTabs Egypt from EFG Finance, a subsidiary of EFG Holding. The transac ..Read More

PayTabs Group acquired a 51% stake in PayTabs Egypt from EFG Finance, a subsidiary of EFG Holding. The transaction aligns with PayTabs' strategy to drive digital transformation and financial inclusion in Egypt. This acquisition strengthens its market position, enabling merchants to expand and enhancing secure payment solutions for consumers.
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• Fintech