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Cloud kitchen operator Sweetheart Kitchen has successfully secured €15 million (US$17.7 million) in a Series C funding round backed by strategic investors, led by the company’s founder and CEO Peter Schatzberg.
As a delivery-only multi-brand virtual kitchen, Schatzberg notes that the Dubai-based company is keen to invest their funding into supply chain technology, food design and hiring talent, as they had previously done, and which they plan to continue to do so. “Scaling units is certainly one important objective for us, but we are also investing in streamlining our processes and systems to achieve profitability.”
As a company that is only 15 months old, it’s noteworthy to point out its impressive milestones. The startup (which, according to a Wamda report, is backed by Germany’s Delivery
DUBAI (Reuters) – A new Bahrain-based $60 million venture capital fund aims to invest in 120 early-stage start-ups across Arabic-speaking MENA countries, banking on the regional growth of tech and tech-enabled business in the post-coronavirus world.
Plus Venture Capital (+VC) aims to close fundraising before the end of the year, which is expected to come from mostly regional institutional investors and family offices.
“We think that future growth in the region will be coming from tech-enabled business; for GDP and for job creation. We saw it happen in the last two recessions,” Plus Venture Capital co-founder Sharif El-Badawi said.
They will make seed stage and series A investments.
As part of efforts to tackle its deficit and diversify the economy, Bahrain has been trying to re-establish itself as a regional finance centre after losing ground to Dubai, and has been marketing itself as a financial technology and start-up hub for
Nabd, the world’s largest Arabic News Aggregator platform, has today announced its strategic partnership with Huawei, whereby Nabd provides personalized Arabic content for Huawei smartphone users in the MENA region via “Huawei Assistant” and “Huawei Browser”.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201007005914/en/
Nabd newsfeed, instantly available on all Huawei Handsets in MENA (Huawei Assistant and Huawei Browser) (Photo: AETOSWire)
The new alliance between Nabd and Huawei enables the delivery of personalized Arabic newsfeeds within both Huawei Browser and Huawei Assistant. It will provide millions of Arabic users across the globe with the latest news that matters to them. This is done by leveraging Nabd’s smart content engine that relies on real-time data obtained from Nabd’s massive audience reach.
Earlier this year Huawei launched “Huawei Assistant”, bringing a new level of intelligent performance to users, by helping them to find services and information when and where