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MENA Digest: UAE startups lead weekly funding; investment activity slows in June

TMT

12 July, 2024

MENA Digest: UAE startups lead weekly funding; investment activity slows in June

At least three UAE-based startups secured venture capital funding during the week, even as the overall deals activity in......

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Fundraising extremely tough in current environment: Elev8's Navin Honagudi

Finance

12 July, 2024

Fundraising extremely tough in current environment: Elev8's Navin Honagudi

Elev8 Venture Partners, which was set up by former Kae Capital partner Navin Honagudi and is raising $200 million (Rs ......

US lawmakers raise worries about China in Microsoft deal with Emirati AI firm G42

TMT

12 July, 2024

US lawmakers raise worries about China in Microsoft deal with Emirati AI firm G42

Republican lawmakers asked the Biden administration for an intelligence assessment of Microsoft's $1.5 billion ......

OTT platform Planet Marathi, two others raise early-stage funding

Manufacturing

11 July, 2024

OTT platform Planet Marathi, two others raise early-stage funding

Consumer electronics maker Circuit House Technologies and proptech startup Jugyah raised early-stage funding, the ......

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In Charts: UAE dominates PE-VC activity in H1 2024 but Saudi Arabia makes a leap

Finance

11 July, 2024

In Charts: UAE dominates PE-VC activity in H1 2024 but Saudi Arabia makes a leap

The United Arab Emirates continued to dominate private equity and venture capital deals activity in the Middle East ......

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Avaana gets backing of another offshore LP, nears target for climate-tech fund

Finance

10 July, 2024

Avaana gets backing of another offshore LP, nears target for climate-tech fund

Climate-focused venture capital firm Avaana Capital has brought on board a marquee offshore backer as it nears the final......

Agritech firm Arya.ag snags $29 mn from Blue Earth Capital, Quona Capital

TMT

10 July, 2024

Agritech firm Arya.ag snags $29 mn from Blue Earth Capital, Quona Capital

Agritech platform Arya.ag, operated by Arya Collateral Warehousing Services Pvt. Ltd, has raised $29 million (Rs 242 ......

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DFDF CEO on funding trends and why MENA startups didn't see steeper valuation drop

Finance

10 July, 2024

DFDF CEO on funding trends and why MENA startups didn't see steeper valuation drop

Dubai Future District Fund (DFDF), the region’s first evergreen venture capital fund-of-fund, has deployed over a ......

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UAE's Global Ventures gets bigger cheque from returning LP for third fund

Finance

09 July, 2024

UAE's Global Ventures gets bigger cheque from returning LP for third fund

Global Ventures, a UAE-based growth-stage venture capital firm that manages a portfolio of over 60 companies, has ......

Consumer chain House of Biryan, five others raise early-stage funding

Consumer

09 July, 2024

Consumer chain House of Biryan, five others raise early-stage funding

Quick service restaurant chain House of Biryan, climatetech startup Ricron Panels, software-as-a-service (SaaS) ......

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