Spend management startup Alaan raised a $48M Series A led by Peak XV, one of the Middle East's largest Series A rounds for a fintech, after a $2.5M seed in 2021
When Parthi Duraisamy was a consultant at McKinsey's Dubai office, he discovered that the American Express cards his company relied …
Dubai-based Huspy, which offers proptech tools to home buyers, agents, and brokers, raised a $59M Series B led by Balderton, after a $40M+ Series A in June 2022
Tage Kene-Okafor / TechCrunch :
A look at the intensifying race for super apps in the Gulf, as Careem, Talabat, Amazon, Botim, and Noon consolidate various services into single platforms
From Dubai to Riyadh, apps are consolidating ride-hailing, payments, and delivery into single platforms. — The race for super-apps is intensifying in the Middle East. Bluesky: @restofworld.org Blues...
Dubai is emerging as a global hub for AI talent, attracting workers with its Golden Visa program, no taxes, attractive salaries, and ease of setting up business
Western job seekers see lucrative offers in the booming AI hub, while others deal with rejections and lower pay.
A profile of Byju's CEO Byju Raveendran, who refuses to take responsibility for the edtech company's implosion and is accused of hiding $533M from US lenders
From Dubai, the enigmatic founder of Byju's recounts how he made his empire — and vows to rebuild it. X: @restofworld , @jeelanireports , @yudhijit , @rinachandran , @restofworld , @violazhouyi , and ...
Sources: Builder.ai collapsed after it revised its 2024 revenue estimate from $220M to ~$55M and restated its previously reported 2023 sales from $180M to ~$45M
With the sublime @cynthiao.bsky.social and @alexandraheal.bsky.social [embedded post] Mando / @mrmandolino.itch.io : All of this is following the exact same arc that the crypto\NFT bubble did — Like...
Coinbase agrees to acquire Dubai-based Deribit, the world's biggest trading platform for BTC and ETH options, for ~$2.9B, split as $700M in cash and 11M shares
Deribit is the world's biggest trading platform for bitcoin options — Coinbase Global has agreed to acquire Deribit …
Dubai-based NymCard, whose APIs let financial institutions in 10+ MENA countries manage card issuance, transaction processing, and more, raised a $33M Series B
Omar Faridi / Crowdfund Insider :
Sources: Coinbase is in advanced talks to buy Deribit, the largest bitcoin and ether options trading platform, which was reportedly valued at $4B-$5B in January
and likely won't allow us to keep trading there. 😬😓 More than 70% of the total BTC options volume is traded on Deribit. [image] @tyler_did_it : Major acquisitions happening in the CEX space First Krak...
How Dubai and the rest of Middle East embraced drone shows, with the average show using 400+ drones and costing $112K+; SPH: the market was worth $339M in 2023
The Middle East hosts some of the world's largest and most expensive drone shows, but the work is seasonal and doesn't guarantee regular pay. X: @joannachiu X: Joanna Chiu / @joannachiu : In Dubai, th...