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Zid, a Riyadh-based start-up that helps businesses to set up online shops, is expanding across the GCC and Egypt after raising $2 million through an early stage funding round led by the UAE’s Global Ventures.
The company will use the capital to boost its presence in Saudi Arabia and expand into newer markets such as the UAE, Kuwait, Oman, Bahrain, Qatar and Egypt, co-founder and chief executive Sultan Al Asmi told
The National.
Other investors in the round included Elm and Arzan Venture Capital.
“There is a huge potential for growth,” says Mr Al Asmi. “We can simplify starting a new business digitally and we can help traditional merchants upgrade their presence to online and offline at the same time.”
‘Failure just means you are learning’ – 40 quotes of the week from Indian startup journeys
From setbacks to success, witness the memorable journey of Indian entrepreneurship in these quotes, excerpts, and stories!
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(see the previous post
). Share these 40 gems and insights from the week of April 5-11 with your colleagues and networks, and check back to the original articles for more insights. See also our special compilation of quotes related to India’s
coronavirus responses
As the startup and investing ecosystem matures, it is natural to see large, well-known startups plan their IPOs to create liquidity for existing investors, and tap the public markets for their long-term financing needs. - Rahul Khanna, Trifecta Capital
Status report: Women-owned businesses after a year of the pandemic
From managing homes, ensuring the well-being of their children, and simultaneously performing at work to grow their businesses, women entrepreneurs have had a tough time in the last one year.
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The COVID-19 pandemic and the subsequent lockdowns hit all businesses in varying measures. But, they seem to have had the worst impact on women-owned businesses, according to data from
YourStory Research.
“When the pandemic first hit, nobody thought it would last for over a year. While running a business, along with running the house, can be done for a short time frame, an extended period of a year or more has adversely affected women entrepreneurs, CXOs, and executives,” Madhura Dasgupta, Founder of AspireForHer, told
Milk startup Puresh Daily Raises Rs 1.2 Cr in Seed Round Apr 10, 2021, 14:26 IST
New Delhi: Tabling dairy and fresh farm produce to end customers in Bharat , Ranchi-based Puresh Daily has caused a lot of excitement within the Indian angel investment network. The food-tech startup has raised ₹1.2 crores in its seed round from Dhianu Das of Alfa ventures and Agility Venture Partners.
Puresh daily offers subscription for milk produce, tabling produce from their eight franchise farms to 1200 subscribers in three cities namely Ranchi, Ramgarh and Bokaro. They offer chemical-free products through value chains augmented by AI. This allows them to provide traceable logistics, green packaging and smart payment options.