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Elmenus, an Egyptian food discovery and ordering platform, has secured US$10 million in a new funding round from MENA- and North America-based investors.
With its new strategy to take minority stakes in fast-growing, Egyptian technology businesses, Fawry Group, a digital transformation and e-payment platform, was the lead investor in this round raised by Elmenus. Other investors include Marakez, an Egyptian real estate developer, and New York-based hedge fund Luxor Capital Group, for whom this is the first investment in the MENA region.
Having attracted more than 1.5 million monthly users since launching in 2018, Elmenus aims to personalize food recommendations at a dish level. Previously, the startup raised $1.5 million in a Series A round, and $8 million in a Series B round.
Darwazah Center s Hackathon Looks For Tech Solutions For Ineffective Foreign Aid Management in Lebanon Three Lebanese startups won the Darwazah Center s Data for Good- I Code for Lebanon hackathon by trying to solve waste or leakage in the current system of foreign aid disbursement in Lebanon. Grow Your Business, Not Your Inbox
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The Lebanon-headquartered Darwazah Center for Innovation Management & Entrepreneurship (DCIME) recently held its first ever hackathon to find technology-backed solutions for the issue of foreign aid management in the country.
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Compromising of horological timepieces, vintage collectables, and rare objects, Perpétuel is a platform that’s made for the collectors among you. Thanks to a collaboration with New York-based watchmaker Hoffman, Perpétuel is currently showcasing a collection titled Khaleejuna Wahed (meaning “Our Gulf” in Arabic), which features 300 one-of-a-kind, limited edition watch designs catered for clients in the UAE, Saudi Arabia, Kuwait, Qatar, Oman, and Bahrain.
Perpétuel Bahrain edition
With the collection featuring distinct colors for each country, the pieces are encased in 40mm stainless steel with a black aluminum bezel and a 20mm Italian-made Saffiano leather strap.
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