Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Saudi quick commerce startup Ninja raised $254 million in a pre-IPO round at a $1.5 billion valuation. Operating across GCC countries, Ninja offers instant delivery of groceries and food, with nearly $1 billion in annual GMV and profitability, positioning itself for IPO and further expansion.
Morocco’s startup funding surged to nearly $95 million in 2024, driven by a few high-value deals and growing interest in TravelTech and FinTech. However, early-stage dominance, limited exits, and a funding gap risk stalling growth. Strategic support in late-stage funding, M&A, and emerging tech is essential to unlock Morocco’s next phase of innovation-led economic expansion.
Saudi Arabia’s fast-growing delivery startup Ninja has secured $250 million in funding led by Riyad Capital, reaching a $1.5 billion valuation and becoming the Kingdom’s newest tech unicorn. The funding highlights Saudi Arabia’s expanding venture capital ecosystem and startup scene, supporting the government’s efforts to diversify the economy. Ninja plans an IPO by 2027 and operates in multiple Gulf countries, reflecting regional growth in tech-driven logistics services.
Aria Ventures has launched a $1 million fund to support deep-tech startups by bridging research and market application. The venture studio plans to grow the fund to $4 million over four years while offering hands-on support and infrastructure. Their DeepTecher competition fosters innovation by mentoring and funding promising projects in AI, biotech, robotics, and related sectors.
Nawy secures $75 million to accelerate its expansion across MENA, advancing digital home-buying solutions and strengthening Egypt’s role in regional proptech innovation.
Octolane, a startup co-founded by two Bangladeshi immigrants, raised $2.6 million to launch an AI-powered CRM platform that automates tasks like data entry and follow-ups. Targeting businesses using tools like Salesforce, the platform aims to increase productivity and reduce reliance on traditional CRM systems in the fast-growing sales tech market.
Sadq, a Saudi startup, raised USD 1.46 million in pre-Series A funding, led by X by Unifonic Fund. The investment will help the company enhance its technology, scale services, and expand its digital signature solutions. Founded in 2022, Sadq focuses on digital trust and secure workflow authentication in Saudi Arabia.
Bazzar Gate, a Kuwait-based e-commerce startup, has secured $1 million to enhance its platform, Partners. This investment will expand features and improve user experiences, facilitating easy e-commerce business setup for entrepreneurs.
Padash, an Iraqi startup, has secured $125,000 to enhance its quick commerce platform, focusing on rapid food and grocery delivery within Erbil. This investment will support the expansion of its services and app development, aiming to revolutionize convenience in urban Iraq.
Orange Jordan is enhancing educational opportunities in Palestine by funding Jusoor Labs, a startup providing interactive educational content. This initiative is part of Orange’s efforts to support digital transformation and foster regional development through strategic partnerships and innovative educational technologies.