Rocket Internet'sNamshi, the Middle East’s leading online store for fashion and lifestyle, has secured funding through its German holding company of US$13 million by the growth equity firm Summit Partners to sustain its accelerated growth target.
This is the second investment by Summit Partners in Namshi, further affirming the investors’ c...
Semantic search engine Kngine has relaunched its web site after focusing on mobile application for android and iOS.
Kngine is funded by Sawari Ventures and is based in Egypt and Silicon Valley.
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iMENA Holdings, an integrated and actively managed group of leading online businesses in the MENA region, announced that it invested in OpenSooq.com, a leading Arab world online classifieds business that offers its users the ability to buy and sell products and services online through online classifieds postings across many categories including...
Saudi Telecom Company and Iris Capital (STC Ventures’ Fund Manager)
announced today that STC Ventures Fund has recently concluded the acquisition of a significant minority stake in IT Interactive Software Company (Acadox). Acadox is one of the early startup companies that has recently graduated from the New Ventures & Entrepreneurship Prog...
Dakwak, a website translation technology provider, has secured a $100,000 investment from 500 Startups in a second round of seed investment.
In addition to the investment, Dakwak will be joining 500 Startups Accelerator Program (Spring batch 2013), which is one of the top 5 accelerator programs worldwide! Dakwak’s team has headed to the...
Jeeran’s growth and focus on local content resulted in bringing over 150 thousand businesses to the online world in more than 15 cities around Saudi Arabia.
Realizing the importance of providing information “On-the-go”, Jeeran recently released a more advanced version of its popular apps for iPhone and Android phones which allow users ...
A UAE based startup company Alter Ego has developed the first anime series in the Arab world called Torkaizer. Which is about an Emirate youth who needs to save earth from destruction during his vacation.
The robot that the Emirati youth with use called Torkaizer something like Grendaizer.
#Via Teedoz.
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The scope of the agreement includes the screening of around 200 premium Bollywood film titles on Istikana’s video platforms.
Istikana co-founder Tareq Abu-Lughod stated that “Bollywood is one of the most important film hubs in the world in terms of number of films being produced. We shall showcase some of the best films Bollywood has to ...
Quirkat
While a number of Jordanian gaming startups shutdown others are thriving. Jordanian studio is opening a new development base in London's Tech City to capitalise on the success of its Pro Foosball title for PSN.
The new office will have 4 developers with plans to expand later on. The company has staff in Amman, Jordan and Dubai UAE.
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Cobone.com, the largest daily deal company in the Middle East, has been acquired by international investment firm Tiger Global Management, leaving the startup firm with additional capital to further its long-term commitments in the Middle East.
Amount of the deal where not disclosed. But TechCrunch says the figure of would be around $40 ...
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