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Egyptian investment bank EFG Hermes buys minority stake in fintech platform

TMT

21 May, 2024

Egyptian investment bank EFG Hermes buys minority stake in fintech platform

EFG Hermes, the investment banking arm of Egypt’s largest financial institution EFG Holdings, acquired a minority ......

KonProz, 8chili raise early-stage funding; Venture Catalysts bets on healthtech platform

TMT

21 May, 2024

KonProz, 8chili raise early-stage funding; Venture Catalysts bets on healthtech platform

Generative artificial intelligence startup KonProz, healthtech startup Humors Tech and deeptech startup 8chili secured ......

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Spotlight: Quikr remains in quicksand after failing to monetise its string of acquisitions

TMT

21 May, 2024

Spotlight: Quikr remains in quicksand after failing to monetise its string of acquisitions

Online classifieds platform Quikr, one of the earliest tech unicorns in the country once used to boast a larger-than-......

IBM inks deal with Saudi to train AI system in Arabic, to unveil new models

TMT

21 May, 2024

IBM inks deal with Saudi to train AI system in Arabic, to unveil new models

International Business Machines on Tuesday said that it will release a family of artificial intelligence models as open-......

Global venture capital investment in crypto picks up after long decline

TMT

20 May, 2024

Global venture capital investment in crypto picks up after long decline

Global venture capital investment in crypto companies rose to $2.4 billion in the first three months of 2024, data ......

GEF Capital extends additional debt to existing portfolio bet

TMT

20 May, 2024

GEF Capital extends additional debt to existing portfolio bet

Mumbai-based private equity firm GEF Capital has extended additional debt to an existing portfolio bet, from its South ......

Fractional ownership platform Strata seeks SM REIT licence

TMT

17 May, 2024

Fractional ownership platform Strata seeks SM REIT licence

Commercial real estate investment platform Strata, backed by Kotak Investment Advisors and Gruhas Proptech, has filed an......

MENA Digest: WheeKeep, Airwater, Lune raise funding; Beco Capital gets an exit

TMT

17 May, 2024

MENA Digest: WheeKeep, Airwater, Lune raise funding; Beco Capital gets an exit

Funding activity in the Middle East and North Africa region during the week was led by a slew of UAE ......

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WestBridge scores big with over $250 mn exit move

TMT

17 May, 2024

WestBridge scores big with over $250 mn exit move

Private equity firm WestBridge Capital, which backs unlisted companies and also makes private investments in public ......

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Searchlight: How a bootstrapped tour and travel firm stood its ground as peers struggled

TMT

17 May, 2024

Searchlight: How a bootstrapped tour and travel firm stood its ground as peers struggled

India’s tour and travel services sector has gone through much disruption over the last decade with several companies ......

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