{"id":566038,"date":"2021-05-24T13:53:45","date_gmt":"2021-05-24T13:53:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/24\/uaes-service-marketplace-rizek-wants-to-enter-egypt\/"},"modified":"2021-05-24T13:53:45","modified_gmt":"2021-05-24T13:53:45","slug":"uaes-service-marketplace-rizek-wants-to-enter-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/24\/uaes-service-marketplace-rizek-wants-to-enter-egypt\/","title":{"rendered":"UAE\u2019s service marketplace Rizek wants to enter Egypt"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a><strong> UAE-based service marketplace <\/strong><strong><a href=\"https:\/\/rizek.com\/\">Rizek<\/a><\/strong><strong> is planning to expand into Egypt and Saudi <\/strong><strong>Arabia \u201cin the coming months'' after <\/strong><strong><a href=\"https:\/\/www.zawya.com\/mena\/en\/press-releases\/story\/Rizek_achieves_yet_another_milestone_raises_10mln_in_series_A_funding-ZAWYA20210524070122\/\">raising USD 10 mn<\/a><\/strong> <strong>in a series A funding round <\/strong>led by Abu Dhabi wealth fund ADQ and US-based financial investment company Peak Investments, according to <a href=\"https:\/\/www.thenationalnews.com\/business\/technology\/uae-start-up-rizek-raises-10m-to-fuel-expansion-1.1228526\">The National<\/a>. The investment, which \u201ca number of [unnamed] family offices from the UAE and Saudi Arabia'' also helped raise, brings Rizek\u2019s total VC financing secured to date to over USD 15 mn. The timeline for the expansion into the Egyptian market was not specified.<\/p>\n<p><strong>About Rizek:<\/strong> Established in February 2020, Rizek is deemed the UAE\u2019s first local \u201csuper app\u201d (think WeChat) for on-demand services, providing consumers with access to many third-party mobile apps that offer under one umbrella a raft of one-stop-shop home services, including home cleaning, covid-19 pcr swabs, maintenance, automotive, and other at-home services. In June 2020, the startup <a href=\"https:\/\/www.wamda.com\/2020\/06\/rizek-raises-3-5-million-seed-funding\">raised USD 3.5 mn in a seed funding round<\/a> from Abu Dhabi Investment Office (ADIO), E-Tech Investments, Rozana Investments, and some other stakeholders \u2014 the largest seed round ever to be raised in the MENA region.<\/p>\n<p><strong>CATCH UP QUICK- <\/strong><\/p>\n<ul>\n<li><strong>Real estate firm Inertia Egypt has partnered with valU and PayTabs Egypt <\/strong>to allow clients to process payments online for home improvement financing, according to a <a href=\"https:\/\/ent.news\/2021\/5\/valU-x-Intertia-x-PayTabs-Egypt-PRL-ENG.pdf\">press release (pdf)<\/a><sup><\/sup>. This includes property finishing, furnishing, maintenance, and unit reservation in an agreement that aims to utilize digital solutions for the real estate sector.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>UAE-based service marketplace Rizek is planning to expand into Egypt and Saudi Arabia \u201cin the coming months'' after raising USD 10 mn in a series A funding round led by Abu Dhabi wealth fund ADQ and US-based financial investment company Peak Investments, according to The National. The investment, which \u201ca number of [unnamed] family offices [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10043],"tags":[4234,299,633,125,3545,95,200],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-566038","post","type-post","status-publish","format-standard","hentry","category-speed-round-startup-watch","tag-abu-dhabi-investment-office","tag-adq","tag-enterprisepm","tag-investment-watch","tag-rizek","tag-startup-watch","tag-venture-capital","wpautop","entry"],"acf":{"mongo_id":"75e8a424-30d3-416c-b15b-d9cfe8393d01","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[566029],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>UAE\u2019s service marketplace Rizek wants to enter Egypt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/24\/uaes-service-marketplace-rizek-wants-to-enter-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAE\u2019s service marketplace Rizek wants to enter Egypt\" \/>\n<meta property=\"og:description\" content=\"UAE-based service marketplace Rizek is planning to expand into Egypt and Saudi Arabia \u201cin the coming months&#039;&#039; after raising USD 10 mn in a series A funding round led by Abu Dhabi wealth fund ADQ and US-based financial investment company Peak Investments, according to The National. The investment, which \u201ca number of [unnamed] family offices [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/24\/uaes-service-marketplace-rizek-wants-to-enter-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-24T13:53:45+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/24\/uaes-service-marketplace-rizek-wants-to-enter-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/24\/uaes-service-marketplace-rizek-wants-to-enter-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"UAE\u2019s service marketplace Rizek wants to enter Egypt\",\"datePublished\":\"2021-05-24T13:53:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/24\/uaes-service-marketplace-rizek-wants-to-enter-egypt\/\"},\"wordCount\":242,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Abu Dhabi Investment Office\",\"ADQ\",\"EnterprisePM\",\"investment watch\",\"Rizek\",\"Startup watch\",\"venture capital\"],\"articleSection\":[\"SPEED ROUND: STARTUP WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/24\/uaes-service-marketplace-rizek-wants-to-enter-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/24\/uaes-service-marketplace-rizek-wants-to-enter-egypt\/\",\"name\":\"UAE\u2019s service marketplace Rizek wants to enter Egypt - 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The app is designed to allow you to do everything from getting your car washed\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/123.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565295,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/31\/regional-startups-have-32-mn-reasons-to-be-happy\/","url_meta":{"origin":566038,"position":1},"title":"Regional startups have 32 mn reasons to be happy","author":"enterpriseam admin","date":"31 March 2021","format":false,"excerpt":"Flat6Labs has launched a new fund in Abu Dhabi in partnership with ADQ: Sixty regional startups will receive USD 32 mn in funding over the course of three years through Flat6Labs Ignite, a new Abu Dhabi-based startup accelerator launched by Egyptian incubator Flat6Labs and ADQ\u2019s venture platform DisruptAD, the two\u2026","rel":"","context":"In &quot;SPEED ROUND: STARTUP WATCH&quot;","block_context":{"text":"SPEED ROUND: STARTUP WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":543728,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/15\/planet-finance-aldar-lends-fresh-usd-1-4-bn-investment-aramco-muddies-saudi-wealth-funds-green-credentials\/","url_meta":{"origin":566038,"position":2},"title":"Planet Finance: Aldar lends fresh USD 1.4 bn investment + Aramco muddies Saudi wealth fund\u2019s green credentials","author":"enterpriseam admin","date":"15 February 2022","format":false,"excerpt":"Apollo to invest USD 1.4 bn in UAE\u2019s Aldar: Asset manager Apollo Global Management will invest USD 1.4 bn in Aldar Properties in a transaction that will see Apollo acquire a direct minority stake in the real estate firm, Apollo said in a statement. The transaction likely marks one of\u2026","rel":"","context":"In &quot;PLANET FINANCE&quot;","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575584,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/20\/abu-dhabi-sovereign-wealth-fund-invests-usd-1-bn-in-lulus-egypt-expansion\/","url_meta":{"origin":566038,"position":3},"title":"Abu Dhabi sovereign wealth fund invests USD 1 bn in LuLu\u2019s Egypt expansion","author":"enterpriseam admin","date":"20 October 2020","format":false,"excerpt":"INVESTMENT WATCH- Abu Dhabi\u2019s sovereign wealth fund ADQ Holding will invest USD 1 bn in retailer LuLu\u2019s Egypt expansion, the fund said in a statement. 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