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Acquisition

A collection of 6 posts

Saudi's VMS Acquires Stake In Egyptian Accelerator Cash Cows

Saudi's VMS Acquires Stake In Egyptian Accelerator Cash Cows

Saudi Arabian Venture Studio VMS has acquired a minority stake in Egypt-based start-up accelerator Cash Cows. The deal forms a strategic partnership that will boost the entrepreneurial ecosystem in both countries. According to a statement made by Cash Cows on Sunday, the alliance aims to pool resources, expertise, and support

Egypt's Fashion E-commerce Startup The Fashion Kingdom (TFK) Announces Acquisition Of Fashion Brand OPIO

Egypt's leading fashion e-commerce, The Fashion Kingdom (TFK) has acquired OPIO, a direct-to-consumer (D2C) fashion brand. This deal will see both TFK and OPIO bring on board their expertise, resources, and brand portfolios to create a powerhouse fashion group. In the company's quest to create "THE FASHION KINGDOM," an all-in-one

UAE-based E-commerce Startup InstaShop Buys B2B Marketplace GroCart

UAE-based E-commerce Startup InstaShop Buys B2B Marketplace GroCart

MENA's leading online marketplace, InstaShop has bought UAE-based B2B wholesale marketplace service, GroCart. However, the value of the acquisition was not disclosed. The deal affirms Instashop's commitment to expand its online market presence. The acquisition of Grocart marks a significant milestone as InstaShop is bent on becoming the number one

Sun King Acquires PayGo to Provide Clean Cooking Solutions to Africans

Sun King Acquires PayGo to Provide Clean Cooking Solutions to Africans

Sun King, the largest off-grid energy company in Africa and Asia, has today announced the acquisition of PayGo Energy, a leading pay-as-you-go tech startup for clean cooking. This acquisition addresses the problem of the three billion people who depend on open wood fires and charcoal stoves to cook food, leading

Sky.Garden, Kenya’s E-Commerce Startup on the Verge of Shutting down, Gets a Lifeline

Sky.Garden, Kenya’s E-Commerce Startup on the Verge of Shutting down, Gets a Lifeline

Sky.Garden, Kenya’s e-commerce startup, which announced in late September that it will close by October 16 – due to a shortage of funds – having issued a termination letter in a memo sent to employees earlier in September, has announced that it will now be acquired and continue operating under

Autochek acquires Morocco's Kifal Auto as it expands to North Africa

Autochek acquires Morocco's Kifal Auto as it expands to North Africa

In a play that will see it expand to North Africa, digital automotive commerce company Autochek has acquired Morocco’s KIFAL Auto for an undisclosed amount. KIFAL was founded in 2019 by Nizar Abdalaoui Maane. The company is among the leading auto marketplaces in Morocco, one of Africa’s largest