Month: May 2025

Funding Success: Aya, a Saudi e-commerce platform focused on modest fashion, has raised $1.6 million in seed funding, led by Khwarizmi Ventures and supported by various investors including Raed Ventures and Joa Capital. Innovative Approach: Founded in 2024 by Munira Al Kadi and Abdulrahman Al Ammar, Aya connects local manufacturers with real-time fashion trends, ensuring […]

Funding Achievement: Saudi proptech startup Ajras has raised $1.5 million in a pre-Series A funding round, led by Veda Holding. Company Overview: Founded in 2022 by Muath Aljubailan, Ajras focuses on innovative financing solutions for rent payments, targeting commercial and industrial sectors. New Service Offering: The startup has launched a “Rent Now, Pay Later” solution, […]

Funding Success: Nayla Finance, a Saudi fintech, secured $4 million in seed funding led by Sanabil Venture Studio by Stryber. Microfinance Focus: Founded in 2024, Nayla aims to provide microfinance solutions to small businesses, addressing a critical funding gap in the sector. Utilization of Funds: The investment will enhance Nayla’s technology-driven lending platform, expand operations, […]

Funding Announcement: Arabian Pay, a Saudi fintech startup focused on buy now, pay later (BNPL) services for SMEs, has secured undisclosed investment in its Pre-Seed round from Al Bassami Holding Group. Founding and Vision: Established in 2023 by Mohammed Rashid Alabdullatif, Arabian Pay aims to enhance financial inclusion for businesses while addressing cash flow challenges. […]

Here’s the detailed information based on the provided text: Startup Details Startup Name: Sedna HoReCa Founded: July 2022 Founders: Mahadevan Narayanamoni Saurabh Pandey Funding Information Recent Fundraising Amount: Rs 50 crore ($5.8 million) Previous Fundraising Amount: $1.44 million Funding Series: Not explicitly mentioned, but the recent round appears to be a significant funding round. Investors […]

Market Expansion: Rabbit, an Egyptian-based quick commerce startup, has launched operations in Saudi Arabia, establishing a regional headquarters in Riyadh and aiming to deliver 20 million items by 2026. Business Model: Founded in 2021, Rabbit utilizes a network of dark stores to deliver groceries and other items within 20 minutes, leveraging AI for customer recommendations […]

Merger Formation: Sary, a Saudi B2B marketplace, and Bangladesh’s ShopUp have merged to create SILQ Group, supported by $110 million in funding, including investments for SILQ Financial, their financial services arm. Operational Background: Founded in 2018 by Mohammed Aldossary and Khaled Alsiari, Sary connects small businesses with suppliers, while ShopUp links mills and brands to […]

Here are the main bullet points summarizing the content: Funding Achievement: Lumi AI, a UAE-based startup, raised $3.7 million in seed funding led by AgFunder, with investment from notable firms and angel investors. Innovative Platform: The startup offers an AI-powered conversational analytics platform that enables retail businesses to analyze supply chain data efficiently and generate […]

Here are the main points summarizing the content about the language intelligence platform "STUCK?": Funding Achievement: STUCK? secured a high six-figure pre-seed funding round, led by the UK-based Mena Tech Fund and supported by the KAUST Innovation Fund and prominent Saudi angel investors. Innovative Services: Founded in 2022 by Asmaa Naga, the platform combines AI-driven […]

Here are the main bullet points summarizing the article about Valeo Health: Funding Achievement: Valeo Health has secured $12 million in Series B funding, increasing its total investment to $20 million. Investment Focus: The capital will be allocated to enhancing AI-driven healthcare solutions, particularly in predictive analytics and workflow automation. Market Expansion Plans: The company […]