CloudKitchens pulls back on Mideast IPO
Travis Kalanick’s CloudKitchens has delayed plans to list its Middle East unit despite earlier underwriting talks with major Saudi groups, sources tell TechScoop.
Noon raises $500 million as investors look for the next Talabat
Middle East e commerce platform noon has raised $500 million in fresh funding, strengthening its balance sheet as it moves closer to a potential...
FAST Ventures launches $3 million FAST Foundry Fund for MENA startups
FAST Ventures launches the $3 million FAST Foundry Fund, a venture-studio model supporting early-stage MENA startups with capital, workspace, and operational resources across AI, adtech, retail tech, and the creator economy.
African fintech fund First Circle Capital gets $6M from IFC to boost early-stage startups
The International Finance Corporation (IFC) invests $6 million in First Circle Capital to accelerate early-stage fintech innovation and gender-smart venture funding across Africa.
Biban forum 2025 opens with $6B funding boost
The Biban Forum 2025 in Riyadh opens with more than USD 6 billion in financing agreements to empower Saudi entrepreneurs and SMEs in line with Vision 2030.
Pre-IPO share sale pushes Tabby’s valuation to $4.5 billion
Saudi-based fintech Tabby completes a secondary share sale at an implied valuation of USD 4.5 billion, marking one of the largest valuations in the Middle East’s fintech ecosystem as it prepares for a potential IPO.
Travis Kalanick’s CloudKitchens targets $2.5 B Dual IPO Backed by PIF
Travis Kalanick’s CloudKitchens is planning a $2.5 billion dual listing in Saudi Arabia and the UAE, backed by the Public Investment Fund, sources tell TechScoop.