Wamda
WEBSep 9, 2024 — An English-Arabic business terminology translation tool. Suggest a term Request document translation Report an issue. change. Translate. Wamda is a platform of programs and networks that aims to accelerate entrepreneurship ecosystems across …
Jamalon raises $10 million in Series B - Wamda
WEBMar 19, 2019 — Arabic. Image courtesy of Jamalon. UAE-based online book retailer and publisher Jamalon has closed the first leg of its Series B funding round raising more than $10 million from existing and new shareholders. The round was led by Wamda Capital, followed by Aramex with new investments from Anova Investments, 500 Falcons and Endeavor Catalyst.
OpenSooq raises $24 million for its classifieds marketplace
WEBNews • 07 June, 2021. Jordan-based online classifieds marketplace OpenSooq, has raised $24 million in a round led by Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), with participation from iMENA Group and FJLabs. Founded in 2008 by Libyan American entrepreneur Salah Al Sharif, OpenSooq allows its users to directly sell ...
Alpha Dhabi to invest $2.5 billion in Alpha Wave Ventures II fund
WEBMay 19, 2022 — UAE-based investment company Alpha Dhabi Holding PJSC has made a Dh9.2 billion ($2.5 billion) commitment to invest in Chimera Capital and Alpha Wave’s VC fund Alpha Wave Ventures II. The investment is divided into a capital contribution of $708 million and an undrawn capital commitment of $1.8 billion, which will be …
6 inspiring quotes for entrepreneurs from Nelson Mandela
WEBDec 8, 2013 — Here are 6 quotes that reveal ways entrepreneurs, social entrepreneurs and business leaders can find their inner Mandela: 1. "Vision without action is just a dream, action without vision just passes the time, and vision with action can change the world." It’s easy to become distracted doing things that are related to, but not core to our vision.
The story of Yahoo's acquisition of Maktoob [Case Study]
WEBOct 13, 2013 — In 2009, as everyone knows, Maktoob was then acquired by Yahoo!, marking Yahoo!’s entrance into the Arab world. The U.S.-based web portal had already reached 20 million regional users in English, compared to Maktoob’s 16 million, making both among the top-10 websites across the Arab World. “We think this [acquisition] is the turning point ...
Chimera Capital closes first VC fund at $75 million - Wamda
WEBDec 13, 2021 — Chimera Capital Ltd, an ADGM regulated fund manager and a wholly-owned subsidiary of Chimera Investment LLC, announced on December 13 that it has closed its first venture capital fund at $75 million. Chimera Global Fund I LP is backed by a number of regional and global Limited Partners including Mubadala Investment Company.
Why Mumzworld is a unique story for the Arab region - Wamda
WEBJun 29, 2021 — The Mumzworld story is a triumph for e-commerce startups and the entrepreneurial ecosystem in the Arab region. The journey of the two founders - Mona Ataya and Leena Khalil, has been an incredible one so far. Both women are exceptional entrepreneurs, who are also mothers building a business while raising a family.
What's next for Egypt's Trella? - Wamda
WEBSep 14, 2021 — Trella’s entire engineering team currently sits in Egypt. In the short amount of time since its launch, Trella acquired Egyptian rival Trukto and expanded to Saudi Arabia and Pakistan and was part of Y Combinator’s Summer 2019 cohort. “The KSA market is completely different than Egypt, it is more regulated, more advanced and the ...
A deep dive into the GCC’s cloud kitchen sector [part one]
WEBJun 11, 2020 — When Uber co-founder Travis Kalanick sold most of his shares in the mobility giant to launch CloudKitchens, securing a $400 million cheque along the way from PIF, Saudi Arabia’s sovereign wealth fund, it ignited a wave of interest among the world’s tech community.With one of the world’s most successful entrepreneurs at the helm and plenty of capital, then surely this new startup was ...
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