Egypt Volanews

EGYPT SOFTWARE Wasla

Egypt’s Wasla wants to subsidise mobile internet for 500m emerging market users Egyptian startup Wasla aims to subsidise mobile internet access for over 500 million users in emerging markets over the next few years in the wake of a US$1 million funding round.

by disrupt-africa

2020-01-19

EGYPT ACCELERATOR enpact Egypt

Founders’ Support program concludes pilot cycle with ten tech-enabled startups in Egypt The ten startups were Furnwish, Leadership Factory, CUP, Raseedi, Pas-sport, Esorus, TechieMatter, AlMatjar, Clinprime and ElCoach.

by magnitt

2020-01-17

EGYPT Biotechnology Aspect Biosystems

Aspect Biosystems, a Canadian biotech startup co-founded and led by an Egyptian entrepreneur, raises $20 million Series A Endure Capital, the regional VC that has offices in Cairo and Palo Alto, that was one of the early backers of Careem, had participated in Aspect Biosystems’ previous funding rounds in 2016 and 2017.

by MENAbytes

2020-01-13

EGYPT ACCELERATOR The Cairo Angels

MINT Incubator’s Spring‘20 applications are now open for its intensive 3-month program MINT Incubator by EGBANK comes to you in partnership with The Cairo Angels, Egypt's first formal angel investment network, investing in and supporting early-stage startups in Egypt and across the MENA region.

by magnitt

2020-01-10

EGYPT Careem RIDE-HAILING

Egypt competition watchdog approves Uber acquisition of Careem with conditions The deal is expected to close in January, depending on regulatory approval in various territories of which Egypt is among the most significant.

by magnitt.com

2019-12-31

EGYPT Dayra FINTECH

Dayra, an Egyptian fintech wins $15,000 grant from Y Combinator’s Startup School Cairo-based fintech Dayra has won $15,000 grant from Y Combinator’s Startup School, becoming the first startup from the Middle East & North Africa to win it.

by MENAbytes

2019-12-31

EGYPT Industry Startups

The top 5 Egyptian startup sector developments of 2019 It has been coming for a while, but 2019 was the year when Egypt emphatically established itself as one of the heavyweights when it comes to tech on the African continent.

by disrupt-africa

2019-12-30

EGYPT ExpandCart E-COMMERCE

Agility Ventures invests in fast-growing e-commerce platform ExpandCart Company helps small businesses in MENA build online stores in minutes.

by magnitt

2019-12-30

EGYPT Glovo CUSTOMER SERVICE

Glovo, the everything delivery firm, raises $167 million, joins the unicorn club The firm joins the unicorn club with the close of this round, making it only the second privately held business in Spain to surpass a $1billion valuation.

by techmoran

2019-12-20

R2S EGYPT E-COMMERCE

A15 pumps 6-figure investment into Egyptian e-commerce delivery and logistics technology company R2S A15 unlocks the potential of e-commerce ecosystem through its investment in R2S.

by magnitt

2019-12-19

EGYPT VC INVESTMENT

AUC Angels network launched in Cairo, makes first investments AUC Angels plans on investing US$500,000 in between five and seven startups in 2020.

by disrupt-africa

2019-12-18

EGYPT CONSUMER GOODS FEATURES

Egyptian startup XIOT plots a “smart future” through connected devices Launched in May of last year, XIOT is a smart home solutions company that develops user-centric products for families and businesses.

by disrupt-africa

2019-12-17

EGYPT Healthcare tech FUNDING

Egypt’s DentaCarts raises $450,000 seed for its online dental marketplace DentaCarts plans to use the investment to fuel its growth.

by MENAbytes

2019-12-16

EGYPT FINTECH FUNDING

Egyptian fintech Paynas wins $50k at Pitch by the Pyramids The Cairo-based cloud platform provides banking services and a human resources and payroll service to small businesses.

by ventureburn

2019-12-13

EGYPT CUSTOMER SERVICE FUNDING

Egypt’s Mayday raises six-figure investment for its roadside assistance platform The startup that launched its full operations in January this year claims to have completed over 5,500 successful rescue requests across 24 major cities and highways in these four governorates of Egypt.

by MENAbytes

2019-12-12

EGYPT FUNDING

iFix to launch phone resale platform with 6-figure investment from A15 Tech investor A15 pumped a 6-figure investment into Egyptian mobile device repair company iFix, in order to launch a used phone-selling platform named Gadded.

by magnitt

2019-12-12

UAE EGYPT TRANSPORTATION

IFC-backed TruKKer launches in Egypt after strong presence across GCC TruKKer started B2B operations in the United Arab Emirates (UAE) in January 2018 and has since expanded to all Gulf Cooperation Council (GCC) countries and Jordan.

by magnitt

2019-12-11

EGYPT ACCELERATOR INVESTMENT

11 startups graduate from Flat6Labs Cairo accelerator Participating companies also gain access to strategic mentorship, office space, a multitude of perks and services from various partners, and entrepreneurship-focused business training and workshops.

by magnitt

2019-12-10

EGYPT TRANSPORTATION ACQUISITION

Egypt’s Trella acquires local rival Trukto to create country’s largest trucking marketplace The startup aims to leverage the acquisition to accelerate its growth strategy in the Middle East and North Africa.

by MENAbytes

2019-12-05

EGYPT FUNDING CUSTOMER SERVICE

Egypt’s Bekia raises six-figure investment to help people exchange their trash for groceries and more The investment came from OTF Wadi, an Oman based accelerator. Bekia is part of Wadi’s ongoing accelerator program.

by MENAbytes

2019-12-05