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Nuwa Capital hits final close of maiden fund

Finance

15 September, 2023

Nuwa Capital hits final close of maiden fund

Nuwa Capital, a UAE-based venture capital firm that invests in early stage businesses closed its maiden $100 million fund recently, ......

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UAE's VentureSouq taps another Saudi limited partner for new fintech fund

Finance

14 September, 2023

UAE's VentureSouq taps another Saudi limited partner for new fintech fund

VentureSouq, a UAE-based venture capital firm, has roped in another Saudi Arabian limited partner (LP) for its second fintech fund, ......

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SoftBank-backed Cars24 aims to turn a corner in UAE, to weigh Saudi re-entry

TMT

12 September, 2023

SoftBank-backed Cars24 aims to turn a corner in UAE, to weigh Saudi re-entry

Indian used-car online retailer Cars24 aims to turn its UAE operations profitable by the second half of 2024 and then ......

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Exclusive: PE-backed Africa, India BPO iSon Xperiences roping in another investor

TMT

08 September, 2023

Exclusive: PE-backed Africa, India BPO iSon Xperiences roping in another investor

Business process outsourcing (BPO) company iSon Xperiences, which operates across Africa, the UAE and India, is roping in an Africa-based ......

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Saudi PIF-backed Jada makes LP bet on female-led private equity fund

Finance

31 August, 2023

Saudi PIF-backed Jada makes LP bet on female-led private equity fund

Jada Fund of Funds, which is backed by Saudi Arabia’s Public Investment Fund (PIF), has invested in an Abu Dhabi-based ......

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After scaling BookMyShow and Lenskart in the Gulf, what's Sudhir Syal up to now?

People

16 August, 2023

After scaling BookMyShow and Lenskart in the Gulf, what's Sudhir Syal up to now?

Sudhir Syal has promoted Irish band Westlife’s concert in Dubai and sold premium eyewear to the Arabs. He will soon ......

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EDF Renewables, Korea Western set to rope in investor for Oman solar project

Infrastructure

09 August, 2023

EDF Renewables, Korea Western set to rope in investor for Oman solar project

French renewable energy company EDF Renewables and Korean Western Power Corporation  (KOWEPO) are in talks to secure investment from a ......

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Why Indian crypto entrepreneurs are flocking to the UAE

TMT

04 August, 2023

Why Indian crypto entrepreneurs are flocking to the UAE

Last year, investment platform Pyse Fintech Pvt. Ltd added a layer of cryptocurrency and blockchain to its model. That move ......

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Planning India centre, eyeing 30% revenue growth after ZainTech deal: Adfolks' Mohan

TMT

13 July, 2023

Planning India centre, eyeing 30% revenue growth after ZainTech deal: Adfolks' Mohan

Indian-origin entrepreneur Arun Mohan sold his UAE-based cloud engineering services startup Adfolks to ZainTech, the digital services arm of Kuwaiti telecom giant Zain Group, in May ......

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WazirX co-founder's Shardeum raises more funds ahead of launch

TMT

07 July, 2023

WazirX co-founder's Shardeum raises more funds ahead of launch

Nine months after raising seed funding of $18.2 million from over 50 investors, WazirX co-founder Nischal Shetty’s layer 1 blockchain ......