Courtesy: Sprinter
SAUDI ARABIA: In a dynamic display of economic prowess, Saudi Arabia, Egypt, and the UAE have emerged as regional leaders in attracting substantial investments. Reflecting this trend, KSA-based car rental platform Ejaro recently secured a notable infusion of $3.27 million in funding. Ejaro distinguishes itself by offering innovative car-sharing services, empowering individuals to tap into additional income streams in a collaborative and dynamic marketplace.
Simultaneously, the Kingdom of Saudi Arabia witnesses another surge in investment as the education startup iStoria secures a funding injection of $1.3 million. iStoria has carved its niche with an application designed for teaching English, boasting an impressive outreach that has garnered over a million students globally within a mere year. This funding not only underscores the growing appetite for educational technology but also highlights Saudi Arabia’s commitment to fostering innovation and advancements in the ed-tech sector.
Meanwhile, in Egypt, the burgeoning landscape of artificial intelligence takes center stage as Roboost, an AI-powered logistics startup, secures a substantial funding round of $3 million. Specializing in AI-driven delivery solutions, Roboost extends its footprint across Egypt, Saudi Arabia, Kuwait, Morocco, and Tunisia. This injection of capital positions Roboost to further revolutionize the logistics landscape in the region, showcasing the vibrancy of technological entrepreneurship in the Egyptian startup ecosystem.
