SoftBank backs Mubadala’s new fund
The new $400 million fund from Mubadala Capital received backing from SoftBank Group Corp, which provided it with half of its entire capital, the Financial Times reported on Monday. Mubadala reportedly plans to invest...
Indian Delhivery fully acquires Aramex India
Dubai – Mubasher: Delhivery, an e-commerce-focused delivery startup, announced that it has fully acquired the India business of Dubai-based logistics firm Aramex.“Aramex is entering into a strategic relationship with Delhivery, who shall take over...
LUNCH:ON closes $3m Series A round
UAE-based LUNCH:ON has closed its $3 million Series A round. The first closing of this investment round was led by Wamda Capital and included investment from EATventure, Arzan VC and Abu Nayyan Holding among others....
UAE: An active start-up hub
Startup and operational costs for a tech business in UAE is very high compared to elsewhere in the world, according to a new entrepreneurial survey.The "Tech Entrepreneurship Ecosystem in the UAE Study", which was...
Why logistics sees more tech-savvy startups in UAE
More startups are investing in the UAE's logistics market to meet the increasing demand created by the rapid rise in e-commerce service providers across the GCC, according to industry specialists."The UAE's logistics sector is...
Indian Delhivey fully acquires Aramex India
Dubai – Mubasher: Delhivey, an e-commerce-focused delivery startup, announced that it has fully acquired the India business of Dubai-based logistics firm Aramex.“Aramex is entering into a strategic relationship with Delhivery, who shall take over...
The Global Business Forum Mentorship Programme to foster UAE-Africa startup cooperation
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Dubai’s courier giant Aramex sells India unit to logistics startup Delhivery
The acquisition would strengthen Delhivery’s foothold into the e-commerce logistics market in India.Soon-to-be unicorn logistics startup Delhivery has acquired India operations of the Dubai-based logistics company Aramex. Delhivery’s co-founder Suraj Saharan confirmed the development...
UAE continues to provide robust support to startups
The UAE's unprecedented support to its startup community was evident at the two-day Step conference this week, with massive support from all key sectors displayed as mentors, venture capitalists, accelerators, investors and incubators showed...