Business

A fast-growing financial technology company has raised $14 million to launch its unique real estate investment platform in Saudi Arabia and Abu Dhabi. Stake allows individuals to purchase shares in high-end residential properties with as…
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The Ministry of Commerce is understood to be exploring avenues to seek more funding for startups in the upcoming Budget, as it looks to energize innovation nationwide. Sources indicate the new government may deliver its Budget for fiscal…
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A new €50 million venture capital fund has launched in Italy with the goal of backing promising entrepreneurs with big plans to take their businesses global. The Italian Founders Fund, based in Milan, will invest in early-stage tech…
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The past week saw Indian startups rake in a total of $97 million across 10 funding deals, though the amount marked a 55% decline from the $217 million secured in the previous period. Leading the way was the lending sector, with fintech…
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In a surprising move, BlackRock, one of the largest asset management firms globally, has written down the entire valuation of its stake in India's leading edtech startup Byju's. According to sources familiar with the development, BlackRock…
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In a major development for the software sector, Carta, a company that operates a stock management platform for private companies, is set to see its valuation slashed by billions as part of an upcoming secondary stock sale. Sources familiar…
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Reputable sources have revealed that Sword Health, a leading provider of virtual physical therapy powered by artificial intelligence, has raised $130 million in a new funding round while allowing employees to sell $100 million worth of…
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Hardware companies face a challenging process when it comes to procuring the many parts needed for complex projects like rockets and satellites. The existing tools for requesting quotes, tracking orders, and managing workflows are outdated…
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Dubai-based spend management startup SiFi has secured a $10 million Series A funding round to deepen its presence within the fast-growing Saudi Arabian market. The investment will fuel SiFi's mission to give organizations across the kingdom…
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After raising a substantial $100 million funding round last year, the AI-powered lending startup LoanSnap is now facing significant legal issues according to new reports. The company, which uses machine learning algorithms to streamline the…
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