Saudi meal subscription startup Calo Raises $25 million Series B eying Saudi IPO by 2027

Saudi meal subscription startup Calo Raises $25 million Series B eying Saudi IPO by 2027

Riyadh-based foodtech startup Calo, the Middle East’s largest personalised meal subscription service, has announced raising SAR 94 million ($25 million) in its Series B funding round. The round was led by Nuwa Capital, with participation from STV, Khwarizmi Ventures, and regional family offices. This oversubscribed round underscores strong investor confidence, prompting Calo to extend its Series B to…

Read More
Gobi Partners launches $50mn Techxila Fund II with BoP partnership

Gobi Partners launches $50mn Techxila Fund II with BoP partnership to boost Pakistani startups

Initiative aims to strengthen entrepreneurship and drive innovation across fintech, e-commerce, and health tech sectors. Gobi Partners, a pan-Asian venture capital firm, has launched the $50 million Techxila Fund II alongside a Memorandum of Understanding (MoU) with the Bank of Punjab (BoP) to bolster Pakistan’s startup ecosystem. The announcement was made at the Pakistan Investment…

Read More
Neem secures $4 million Credit Facility from DNI Group

Neem secures $4 million Credit Facility from DNI Group to scale its Earned Wage Access Solution across Pakistan

KARACHI, PAKISTAN [5th November 2024] — Neem,  a leading embedded finance platform in Pakistan, has secured an additional $4 million credit facility from DNI group, a global investment firm operating in 32 countries and an existing partner/investor in Neem, to expand Neem Paymenow, its earned wage access solution, across Pakistan. This partnership marks a pivotal…

Read More