Archive for the ‘Startup News’ Category
In a move to introduce exciting new offers to its customers, Etisalat’s ‘More’ loyalty rewards program has teamed up with Cobone to provide them with daily deals and more ways to gain more value.
This is being introduced as a new feature on Etisalat’s ‘More’ Rewards website, giving ‘More’ loyalty program members the opportunity to make significant savings as well as gain ‘More’ reward points when visiting the site for “special deals”. The deals on the exclusive site are powered by Cobone’s deal-of-the-day platform.
This is an interesting move for Cobone, who it seems have worked on some redevelopment and redesign to be able to support such integration, to expand their reach beyond their site and onto partner sites and platforms such as the Etisalat one.
Oasis500, the MENA region focused early stage and seed investment program, has announced two new investment deals for Jordanian startup companies Dakwak and Masmoo3 from its first Angel Investment event, and that the program has also signed a partnership agreement with Akhtaboot.
Dakwak, the startup behind a tool that enables websites to translate their content into over 60 languages, and which was previously reviewed here, received an investment from IV Holdings, resulting in a 300% increase in the Company’s post money valuation.
Dakwak was launched in July 2010 by Waheed Barghouthi, and was incubated by Oasis500 in March 2011. Waheed Barghouthi is currently CTO at the company, with fellow techie Zaid Amireh in the CEO role.
Noqoush Mobile Media Group, an Arab mobile advertising and mobile media monetization startup, announced concluding its first 3 million dollar investment round a couple of weeks ago.
In a press release, the company stated that a group of Arab and Foreign angel investors invested in its technical capabilities and future visions aiming at developing a full-fledged mobile advertising platform and mobile media monetization solutions targeting the massive mobile growth in the Middle East.
This first round of investment is aimed at providing the company with the required liquidity to enhance its capabilities, boost its growth, and attract the needed skills and competences to meet the increasing demand on its mobile media solutions.
Qaym, the Arab website for user generated restaurant and coffee shop reviews, that was previously reviewed here, and recently received an investment from N2V, is announcing the launch of their iPhone application.
The online service enables users to rate and review restaurants and coffee shops, in addition to uploading pictures of them and their food items, discussing their positives and negatives and posting relevant information about them.
The newly released iPhone application provides users with the following features:
- A list of the best ten restaurants in the city they’re in, based on the ratings of its users.
- The possibility to drill down and find the best restaurants in the city by category or type of cuisine.
- Access to the restaurants’ Qaym profiles that show the ratings, reviews and photos that other users who visited it shared and uploaded.
This first version of the application supports the following cities: Riyadh, Jeddah, Manama, Dammam, Khobar, Medina, Buraidah, Unaizah and Mecca. But more cities are planned for future releases of the application.
An Android version of the application is underway, and should see the light of day soon too.
The application is available in Arabic only, and can be downloaded for free from the iTunes store here.
Logta the online service that provides shoppers with a one-stop shop for promotions, that was previously covered here, has expanded and released what they’re describing as an online mall.
They’ve gone ahead and launched a new section under their portal called Logta Mall, with a wide range of online stores for a number of retailers covering various sectors and offering their products for sale online through Logta’s new platform.
So to build up towards a B2C model, Logta’s sales team get in touch and work with a variety of retailers in order to put together partnerships, through which Logta sets stores for them on the platform with all the products they want to put up for sale, and then handle all the order processing, online payments and shipping follow-up.
mediaME.com, the specialized online community for advertising and media professionals in the Middle East with over 11,000 members, has launched a free Classifieds service to address the need for sector-specific classifieds listings that provide exposure to a more targeted audience and market.
Accordingly, the mediaME Classifieds service focuses on advertising and media related categories. For example, listings categories cover all aspects of the jobs and freelance markets, featuring Job Postings, Job Seekers, Freelancers and Professional Service Providers with sub-categories for every advertising and media specialization.
The listings also aim to serve the needs of sellers with categories for Media Opportunities, Sponsorship Opportunities, Events & Activities and Business Equipment & Software. (more…)
National Net Ventures, better known as N2V, and one of the top internet groups in the Middle East, have been on an investment roll lately, announcing three new investments in regional startups within the past couple of weeks alone.
The three startups cover three different areas, following N2V’s strategy to diversify their portfolio of internet properties and expand regionally and globally to cover new areas of interest for users in the Arab world.
Palestinian entrepreneur Hassan Hamdan, Co-Founder of Optimal Technology Solutions and recent graduate of Modern Science and Art University, has been awarded the “Lessons from the Edge Award” in the 2010 Global Student Entrepreneur Awards (GSEA) Competition.
The award was given as a specialized category within the GSEA, a program of the Entrepreneurs’ Organization and the premier competition for students taking a full course load of classes while running a revenue-generating business.
He also came up as the Overall Second Runner Up in the competition, chosen from among 2000 student entrepreneurs from 44 countries; and earlier this year, he was picked as the Middle East Regional Champion by GSEA.
The World Economic Forum in Marrakech yesterday witnessed some really interesting news from Intel Capital, which announced 3 new investments in the Middle East; UK-Lebanon based Nymgo, as well as Jordanian companies Jeeran and ShooFeeTV.
This investment marks a second round of investment from Intel Capital in both Jeeran and ShooFeeTV (both also IV Holdings portfolio companies), after the previous investment that was announced in May of last year.
The investment in Nymgo also marks Intel Capital’s expansion of its portfolio in the Arab world to a total of eight companies: Nymgo, Jeeran, ShooFeeTV, Conservus, Pulse Technologies, Vertex Animation Studio, NeuString and Sphere Networks.
The online recruitment platform ReKrute; which operates in Morocco, Tunisia and Algeria; has signed a partnership deal with Viadeo, the professional social networking service, by which it becomes the exclusive representative for Viadeo in North Africa.
Under the agreement ReKrute will be able to expand its range of e-recruitment solutions, to start reselling and providing Viadeo’s recruitment solutions: jobs, profile and resume databases, as well as its other HR services.
Viadeo is one of the large professional social networks in Europe, that was founded in May 2004 and based in France, targeting a global audience, although it focuses more on Europe and emerging and growing countries. It has reached 30 million members so far, the biggest chunk of them from China at 4.5 million members. 10% of the users are based in France.