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UAE Introduces Know Your Customer Platform to Develop Financial Infrastructure-thumnail

UAE Introduces Know Your Customer Platform to Develop Financial Infrastructure

Being a governmental initiative, the “Know Your Customer” (KYC) digital platform is an effort by the government of the UAE to transform its financial sector through transparency enhancement, strengthening compliance

News

Nov 23, 2024

Zomato Secures Shareholder Approval to Raise ₹8,500 Crore via QIP-thumnail

Zomato Secures Shareholder Approval to Raise ₹8,500 Crore via QIP

In a major move aimed at furthering its competitive edge in the foodtech and quick commerce space, Zomato has obtained shareholder consent for raising ₹8,500 crore through Qualified Institutional Placement,

News

Nov 23, 2024

Weekly Update: Funding and Acquisition in Indian Startups (18 – 23 Nov)-thumnail

Weekly Update: Funding and Acquisition in Indian Startups (18 – 23 Nov)

Indian startups saw significant investment during the week of November 18 to 23, 2024, while at least 23 startups collectively raised about $595.86 million in total funds. Compared to the

News

Nov 23, 2024

Binny Bansal Resigns from PhonePe Board; Quits All Firms Controlled by Walmart-thumnail

Binny Bansal Resigns from PhonePe Board; Quits All Firms Controlled by Walmart

A significant development in the Indian tech landscape is that Binny Bansal, the cofounder of Flipkart, has resigned from the board of directors of PhonePe. This development marks Bansal’s complete

Business

Nov 22, 2024

LEOS Developments Breaks Ground on Knightsbridge: Dubai’s First Climate-Adaptive Wellness Community-thumnail

LEOS Developments Breaks Ground on Knightsbridge: Dubai’s First Climate-Adaptive Wellness Community

LEOS Developments, a British-born international property developer of note, has launched what it claims is the first climate-adaptive wellness community in Dubai: Knightsbridge. The ceremony took place at Meydan District

Business

Nov 22, 2024

8i Ventures To Expand Early-Stage Investment Program With Origami Initiative-thumnail

8i Ventures To Expand Early-Stage Investment Program With Origami Initiative

The early-stage venture capital fund, 8i Ventures, recently opened the applications for the second edition of its pre-seed funding program, Origami, to back innovative early-stage founders. The new edition is

Business

Nov 22, 2024

MAG Group Holding Announces AED 43.7 Billion Portfolio in Real Estate Projects-thumnail

MAG Group Holding Announces AED 43.7 Billion Portfolio in Real Estate Projects

MAG Group Holding, a multinational conglomerate with a diversified portfolio across a number of sectors, has announced that the real estate subsidiaries have a pipeline of under development and future

Business

Nov 22, 2024

Zepto Secures $350 Million in Funding, Totaling $1.35 Billion for 2024-thumnail

Zepto Secures $350 Million in Funding, Totaling $1.35 Billion for 2024

Zepto, the rapidly growing quick commerce company, has successfully raised $350 million in its latest funding round, bringing its total capital raised in 2024 to an impressive $1.35 billion. This

Business

Nov 22, 2024

Teachmint More Than Doubles Revenue, Reduces Losses to ₹82 Crore in FY24-thumnail

Teachmint More Than Doubles Revenue, Reduces Losses to ₹82 Crore in FY24

Bengaluru-based SaaS edtech firm Teachmint reported impressive financial results for the fiscal year ending March 2024 with remarkable doubling of its revenue and significant reduction in losses. As per its

Business

Nov 21, 2024

Zopper Raises $25M in Series D Funding To Further Enhance Insurance Distribution Platform-thumnail

Zopper Raises $25M in Series D Funding To Further Enhance Insurance Distribution Platform

Noida-based insurtech firm Zopper has bagged $25 million in Series D funding from Elevation Capital, Dharana Capital, and Blume Ventures. According to reports, this funding marks a major milestone for

Business

Nov 21, 2024

7X Partners with Etihad Credit Bureau to Access Advanced Credit Data Platform  -thumnail

7X Partners with Etihad Credit Bureau to Access Advanced Credit Data Platform  

Enhancing Credit Assessment in Trade, Transport, and Logistics Etihad Credit Bureau, a leading credit reference agency, has signed a Memorandum of Understanding (MoU) with 7X, one of the largest trade,

Business

Nov 21, 2024

Dubai Chamber Builds Capabilities of 787 Emiratis Through ‘Create Apps in Dubai’ Initiative-thumnail

Dubai Chamber Builds Capabilities of 787 Emiratis Through ‘Create Apps in Dubai’ Initiative

380% Year-Over-Year Growth Achieved in 2024   The Dubai Chamber of Digital Economy said that it has achieved major progress in supporting the growth and expansion of digital startups in the

Business

Nov 21, 2024


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