In April, the company initially revealed its intention to acquire Dariel, stating that it aimed to obtain the entire company for a total purchase price of R85.3 million.
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
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
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
Floranow, a UAE-based B2B floral marketplace has fully bought Saudi Arabia’s fresh flower distributor Bloomax. The startup bought 100 percent shares of Bloomax, with the transaction funded by both
Digital solutions powerhouse of Zain Group, ZainTech has acquired Adfolks, a UAE-based cloud engineering firm that offers a range of cloud transformation services. The acquisition falls in line with ZainTech’
Belgium-based Saas startup Deliverect has acquired UAE’s food ordering platform ChatFood, in a move to expand to the MENA region. However, the amount of the acquisition was not disclosed.
The acquisition of start-ups can provide the new business with a technological boost that gives it a competitive edge. The fact that this deal benefits both the company and the
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
Autochek, a Pan-African automotive tech startup, has acquired a majority stake in AutoTager, an Egyptian automotive technology firm to deepen its presence in North Africa and support its ongoing expansion.
Liquid Intelligent Technologies, a subsidiary of Cassava Technologies, a pan-African technology group, has today announced the acquisition of an Egyptian Cysiv MEA, formerly SecureMisr which provides enterprise cloud and cyber
Saudi Arabia-based healthcare technology startup, Aumet has acquired a $7 million pre-Series A funding round.
The round came from Tokyo-based healthcare-focused venture capital, AAIC, the Swiss PE firm AIJ Holdings,
