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It was only recently that I learned about the hype around Dubai chocolate from a few months ago. Apparently, the local treat went viral on TikTok, and many people were interested in trying it. I even saw some airport shops in Southeast Asia selling it.
In recent years, the Middle East appears to have made strides in getting global attention – not just online – but its startup space also seems to be gaining traction now.
We don’t often get companies from the region on our list, but now should be a good first step with one appearance. Not only that, but it’s also the startup with the second-highest amount of funding on this week’s lineup – a promising sign, to say the least.
Image credit: Timmy Loen
You can find all other important investment deals that happened in the last few days in our weekly funding news wrap-up.
Let’s dive into the biggest deals that recently took place.
The biggest deals by country
🇨🇳 VelaVigo, a Chinese drug developer, has raised US$60 million in pre-series A money from Delian Capital, Everest, Legend Capital, Northern Light Venture Capital, and Shunwei Capital.
🇸🇦 Based in Saudi Arabia, Calo runs an app that provides personalized meal plans. It has secured US$39 million in a series B extension round, with investments from Aljazira Capital, Khwarizmi Ventures, Nuwa Capital, Oraseya Capital, and STV.
🇮🇩 Sirclo is an Indonesian ecommerce enabler. It has scored US$38 million in series D funding from East Ventures, SMDV, and Vertex Ventures SEA & India.
🇮🇳 EatClub Brands, a food delivery firm headquartered in India, has closed a US$22 million series D round. Participating investors were 360 One, A91 Partners, and Tiger Global Management.
Startups that are raising funds
Behind the Glasswall
Group tickets are selling fast – and prices are increasing in 2 days!
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