Top 14 Startups in the Middle East

Dubai in the last couple of years has been experiencing a remarkable rise in tech-based startup communities. The ideal location of Dubai has been transforming the city to a hub for startup. Dubai is open to innovation and freedom for organizations to operate their business differentiates Dubai from other commercial centers. The list of top 13 startups in the Middle East is given below:

1. Careem:

Careem is an app-based ride service that takes people to their destination in a matter of minutes with the few taps. It is the MENA region’s dominant ride-hailing service and the most recent Tech Unicorn. The company now control the functioning in 50+ cities across 11 countries and facilitating more than 6 million users, with a 30% monthly growth rate. It is the acquisition of enwani & Savaree. The total funding of Careem is $571.7M

in 6 Funding Rounds.

2. Fetchr:

Fetchr is an e-commerce App company that assists local merchants and global brands build, launch and grow profitable eCommerce businesses. The app allows proprietary shipping and an easy-to-use interface. The fetchr app and logistics software take the hassle out of online shopping. The total funding of Fetchr is $52M in 4 funding rounds.

3. STARZ PLAY:

STARZ PLAY (SVOD) is a subscription video on demand service that runs thousands of blockbuster Hollywood movies, TV shows, documentaries, and kids’ entertainment series. The company employs advanced technology to provide a premium high-quality viewing experience from some of the most famous studios in the entertainment business, such as 20th Century Fox, CBS, Disney, Lionsgate, Paramount, Showtime, Sony, Starz, Universal and Warner Bros. The total funding of STARZ PLAY is $125M in 2 funding rounds.

4. Wadi:

An online marketplace that offers the comprehensive range of products for the residence of Saudi Arabia (KSA). Wadi connects consumers with the best vendors all over the GCC so that they can get the most excellent deals. The total funding of Wadi is $67M in 1 funding round.

Startup economy Ebook

5. Bayzat:

Bayzat is a technology company that furnishes insurance and HR solutions. The company helps individuals and companies to buy their health insurance. With its technology platform, they can streamline the policy placement process for their clients and help them understand their policy. The total funding of Bayzat is $12.6M in 4 funding rounds.

6. Clearly:

A digital bank offers quick and secure banking service that make use take the best ideas and integrate them to create the most outstanding customer experience. The company is building a value concept for both Retail and SME customers that is aiming to set them apart from others. The total funding of Clearly is $4.7M in 2 rounds.

7. The Luxury Closet:

The Luxury Closet is an online business place for purchasing, selling, and consigning pre-owned luxury items at discounted prices. The company is sponsored by top-tier investors like Middle East Venture Partners, Wamda Capital, Two Four 54, Abu Dhabi, and Dubai Silicon Oasis Authority. The total funding of The Luxury Closet is $11.6M 5 in funding rounds.

8. HolidayMe:

Holidayme is an online travel portal, having the registered trademark of Traveazy DMCC. Its offices are available in UAE, India, and KSA. The company provides integrated travel services ranging from Holidays, Hotels, Flights to customers all over the Middle East and have become a trusted brand in a span of fewer than two years. The total funding of HolidayMe is $11M in 2 funding rounds.

9. Yallacompare:

Yallacompare is a monetary comparison platform that allows its users to compare banks and financial institutions. The company introduced their first car insurance aggregator in the Middle East back in March 2016. Since 2016, it has gone on to lead the insurance comparison space selling seven times more car insurance policies every month than any other comparison site. The total funding of Yallacompare is $9.4M in 5 funding rounds.

10. Souqalmal.com:

It is a financial comparison site in Dubai that is providing its operations in Saudi Arabia, Kuwait, and the UAE. Souqalmal.com is introducing a new way to deal with money! You can contrast over 3,200 personal finance products in the UAE and Saudi Arabia on Souqalmal.com, with the few taps of a button. Personal loans, home loans, car loans, credit cards, bank accounts, car insurance, home insurance, car deals, schools, and nurseries. The total funding of Souqalmal.com is $14.5M in 5 funding rounds.

11. Invoice Bazaar:

InvoiceBazaar is a newly established business, operating in the arena of Supply Chain Finance (SCF). The company has developed a platform for buyers to register invoices that are payable, which allows Suppliers to get visibility on their accepted invoices as well as early payment options. The total funding of Invoice Bazaar is $6.1M in 5 funding rounds.

12. Altibbi:

Altibbi is a Digital Health Platform that furnishes the best tools and information to provide access to health advice 24/7 through its website and apps. The statistics 2 million app downloads and 8 million monthly website visits show that the company associates millions of users with licensed and authenticated doctors in real-time from all over the world. The total funding of Altibbi is $8.5M in 2 funding rounds.

13. Beehive:

Beehive’s platform utilizes the innovative technology of crowdfunding to eradicate the cost and complexity of conventional finance. As a result, investors get better returns and businesses get faster access to lower cost finance. The total funding of Beehive is $5M in 1 funding round.

14. Health at Hand:

“Health at Hand” is a platform for the patient to doctor video discussion platform that helps patients to connect with internationally accredited doctors within in minutes. The platform is completely HIPAA compliant and is the essential global standard for protecting sensitive patient data. The total funding of Health at Hand is $4.1M in 1 funding round.

The advancement in technology is bringing new ways of doing businesses that are more intelligent and bringing convenience for business persons. It is suggested for the new startups to use new technology to compete with the new upcoming as well as established businesses.

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