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Mubadala, Silver Lake take NYSE-listed Endeavor private
Plus: He successfully exists Khazna
Epik Foods acquires Sauce Capital as part of regional expansion plans + Basatne now owns Cartlow
This will add 15 brands to Epik Foods’ portfolio
Al Ansari Wallet is coming in 2Q + Cord blood banking services are now more affordable
Plus: Moody’s upgrades Dubai Ins. Company rating to A2
Lumi AI raises USD 3.7 mn in seed funding from ADQ, Qora71, and other investors
Lumi will use the funding to scale its engineering and customer success teams and double down on product development
Dhhruv Verma joins iACCEL GBI as strategic growth advisor
Verma brings over two decades of expertise in consumer engagement and scaling businesses
NymCard secures USD 33 mn in Series B to expand embedded finance in MENA
Existing investors Lunate, Dubai Future District Fund, Mashreq Bank, and Shorooq joined the round, with new backing from Oraseya Capital
Yango Ventures establishes USD 20 mn fund to support early-stage startups
Yango Group launches fund to support startups in emerging markets: Dubai-based tech company Yango Group launched Yango Ventures, a USD…
PlaysOut raises USD 7 mn in seed funding round
Gold trading startup Oro Labs also secured USD 1.5 mn
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