{"id":623391,"date":"2018-10-29T03:18:51","date_gmt":"2018-10-29T03:18:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/29\/wasel-in-talks-with-wamda-capital-over-usd-200k\/"},"modified":"2018-10-29T03:18:51","modified_gmt":"2018-10-29T03:18:51","slug":"wasel-in-talks-with-wamda-capital-over-usd-200k","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/29\/wasel-in-talks-with-wamda-capital-over-usd-200k\/","title":{"rendered":"Wasel in talks with Wamda Capital over USD 200k"},"content":{"rendered":"

Mass transit startup Wasel<\/a> is in talks with the UAE\u2019s Wamda Capital for a USD 200k funding round to finance its expansion plans in Egypt\u2019s southern governorates, founder Ahmed Elrawy said<\/a>. The company, which had scored USD 26,000 in funding from the British embassy, is already operating in eight of Egypt\u2019s southern governorates. It allows customers to book affordable bus rides online from and to various locations across the country, and is a direct competitor to the other successful mass transit app Swvl, which set the record for Series A funding in Egypt at USD 8 mn.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mass transit startup Wasel is in talks with the UAE\u2019s Wamda Capital for a USD 200k funding round to finance its expansion plans in Egypt\u2019s southern governorates, founder Ahmed Elrawy said. The company, which had scored USD 26,000 in funding from the British embassy, is already operating in eight of Egypt\u2019s southern governorates. It allows […]<\/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":[9298],"tags":[9444,2372,72,125,123,1636],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-623391","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-ahmed-elrawy","tag-banking-finance","tag-enterpriseam","tag-investment-watch","tag-startups","tag-wamda","wpautop","entry"],"acf":{"mongo_id":"e5df5b48-f1f9-438c-a72a-97c1d8879a3f","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Wasel in talks with Wamda Capital over USD 200k","related_issue":[623363],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.7790dd9a-b8ce-42f0-95df-6359736a1d27.mp3"},"yoast_head":"\nWasel in talks with Wamda Capital over USD 200k - 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\/2018\/10\/29\/wasel-in-talks-with-wamda-capital-over-usd-200k\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wasel in talks with Wamda Capital over USD 200k\" \/>\n<meta property=\"og:description\" content=\"Mass transit startup Wasel is in talks with the UAE\u2019s Wamda Capital for a USD 200k funding round to finance its expansion plans in Egypt\u2019s southern governorates, founder Ahmed Elrawy said. The company, which had scored USD 26,000 in funding from the British embassy, is already operating in eight of Egypt\u2019s southern governorates. 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The company last year secured USD 26k (c.EGP 500k) in funding from the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/681.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567939,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/13\/egypt-ranks-third-in-november-startup-funding-league-table-wamda\/","url_meta":{"origin":623391,"position":1},"title":"Egypt ranks third in November startup funding league table -Wamda","author":"enterpriseam admin","date":"13 December 2020","format":false,"excerpt":"Egyptian startups raised USD 6.6 mn in venture capital funding last month, putting them in third place in MENA behind the UAE and Saudi Arabia, Wamda said in a recent report. Egypt saw nine transactions in November (tying with the UAE in first place), that included creative tech startup Argineering,\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/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":603093,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/15\/smart-egyptian-ai-startup-seals-early-funding-round\/","url_meta":{"origin":623391,"position":2},"title":"Smart Egyptian AI startup seals early funding round","author":"enterpriseam admin","date":"15 April 2019","format":false,"excerpt":"STARTUP WATCH- Smart AI startup idea seals early funding round: Homegrown startup MerQ Artificial Intelligence has recently secured seed funding from AI enthusiast and investor Ahmed Kamal Selim, reports Wamda. The company, valued at USD 800k and founded by Walid Ghalwash (pictured above), will use the proceeds to continue developing\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/4\/1109.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":652159,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/02\/vezeeta-secures-usd-5-mn-series-b-funding\/","url_meta":{"origin":623391,"position":3},"title":"Vezeeta secures USD 5 mn series B funding","author":"enterpriseam admin","date":"2 January 2017","format":false,"excerpt":"Automated clinic and physician booking platform Vezeeta raised a USD 5 mn series B funding let by UAE\u2019s Beco Capital, Wamda reported. Egypt\u2019s Vezeeta eases the accessibility of booking a doctor\u2019s appointment, allowing the user to choose a doctor by specialty, geographic area, insurance purveyor and fees. \u201cThe investment, closed\u2026","rel":"","context":"In "Health + Education"","block_context":{"text":"Health + Education","link":"https:\/\/enterpriseam.com\/egypt\/category\/health-education\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624480,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/10\/aqarmap-closes-funding-round-backed-by-wamda-kisp-raed-ventures\/","url_meta":{"origin":623391,"position":4},"title":"Aqarmap closes funding round backed by Wamda, KISP, Raed Ventures","author":"enterpriseam admin","date":"10 September 2018","format":false,"excerpt":"Online real estate marketplace Aqarmap has closed a funding round backed by Wamda Capital, KISP Ventures, and Raed Ventures, according to a statement from Wamda, which offers no details on the size of the raise. 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That record was brokenlast month with BasharSoft\u2019s job recruitment platforms Wuzzuf and Forasna raising USD 6 mn\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/623391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=623391"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/623391\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/623363"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=623391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=623391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=623391"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=623391"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=623391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}