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ECC paid USD 5 mn for majority stake in Source Beauty
UPDATE- ECC reveals the price tag on its newly acquired stake in Source Beauty: Egyptian Company for Cosmetics (ECC) invested…
Cairo Angels’ micro-VC fund nears final close + a new fund in the works
Angel investment group Cairo Angels will reach a third and final close of USD 5 mn on its micro-VC fund…
Global Ventures’ fintech fund reaches USD 105 mn second close
Nclude hits USD 105 mn second close: Local and international investors have committed around USD 20 mn to Global Ventures’…
Source Beauty sells majority stake to Egyptian Company for Cosmetics
Egyptian Company for Cosmetics (ECC) has acquired a majority stake in Egyptian online beauty store Source Beauty, according to a…
Capiter board fires CEO, COO as company looks set to become first casualty of slowdown on Planet Startup
The board of directors of B2B e-commerce startup Capiter has fired the company’s co-founders “effective immediately,” according to a statement…
Endure Capital reaches first close on fund + UAE’s Tabby lands in Egypt — and Egyptian-ish crypto unicorn
Endure Capital has hit first close on its USD 50 mn Endure 21 fund, raising an eight-figure sum, partner Mohamed…
E-commerce platform El Dokan + used-car retailed Carzami close first funding rounds
Two local startups get a first foot on the funding ladder: E-commerce software provider El Dokan raised USD 550k in…
Edtech Emonovo raises undisclosed bridge round + Shezlong, SubsBase plan expansion
We’ve got a bunch of startup news for you this morning: Local edtech firm Emonovo has raised a fresh bridge…
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