Wamda X, the grant-based idea-stage program for entrepreneurs in MENA is now accepting applications for its second cohort Wamda X, the idea-stage grant-based fellowship program launched by Wamda last year is now accepting applications for its second cohort. The four-month program for entrepreneurs in the Middle East & North Africa has increased the grant size to $30,000 (was previously $16,000 for solo founders and $25,000 for teams) but is now looking for teams instead of individuals.
Saudi’s Dailymealz expands its subscription-based food delivery service to Kuwait Dailymealz, a Saudi subscription-based (mainly healthy) food delivery startup has expanded to Kuwait, it told MENAbytes today. Kuwait is the first overseas market for the startup that has been delivering meals to corporate employees across Riyadh since 2017. In the last six months, Dailymealz has also expanded to Jeddah and Dammam (in Saudi).
Jumia’s stock has lost more than half of its value since going public six months ago, market cap is down to $520 million Share 69 Tweet Share WhatsApp Email 69SHARES Jumia, the ‘African’ ecommerce company that has its corporate headquarters in Dubai and operations in 14 African countries including Egypt, Morocco, Tunisia, and Algeria, continues to struggle after an initial good run at the New York Stock Exchange.
Saudi-based AI startup UnitX raises $2 million from the KAUST Innovation Fund and Saudi Aramco’s Wa’ed Ventures fund Launched in 2019, UnitX partners with institutions that have spare supercomputing capacity and by making it available in an easy-to-use cloud model to its clients in traditionally underserved industry verticals, in the Kingdom of Saudi Arabia and beyond.
Dubai’s BulkWhiz raises multi-million Series A for its AI-driven bulk grocery ecommerce platform Founded in late 2016 (launched in 2017) by Amira Rashad who previously worked for Facebook and Yahoo (from their offices in Dubai) and Yusuf Saber who was the Data Science Lead at Careem, BulkWhiz enables consumers and small businesses buy groceries and household products in bulk through its mobile apps or web-based platform.
Omani non-profit acquires online Arabic courses marketplace Nadrus Founded in 2014 by Ahmad El Chayati and Ahmad Al-Shagra, Dubai-based Nadrus according to the statement, serves 200,000 Arabic speaking learners with over 100 free and paid online courses on different topics including Microsoft Excel, Adobe Photoshop, ecommerce, and Android Development.