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Fetchr works in the UAE, Saudi Arabia, Egypt, and Bahrain, with another financing round for the organization prone to be sent in extending outside of the locale, as per CB Insights. It also cut about 1,230 jobs. 1 day ago. Fetchr secured at least $15m in fresh funding to expand in Saudi Arabia as part of a turnaround plan that saved the Dubai-based courier app from collapse. Thank you!
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Fetchr, once one of the rising stars of the Middle East’s nascent startup scene, was valued at almost $300m in a 2017 fund-raising round. TrackingMore is a third party parcel tracking tool (also known as multi-carrier tracking tool) which supports online parcel tracking of worldwide 477 express and postal couriers. Silicon Valley investors such as New Enterprise Associates, Nokia Oyj’s venture capital arm and Winklevoss Capital were among its backers. Trustworthy. Fetchr, once one of the rising stars of the Middle East’s nascent startup scene, was valued at almost $300 million in a 2017 fund-raising round.
Adult kids are living at home longer than ever before. The company, which offers delivery and logistics services to e-commerce firms, late last year had to consider selling the business or filing for bankruptcy due to a “rapidly diminishing” financial performance. Mamlouk will soon pass the reins to Hussein Wehbe -- the former managing director of United Parcel Service Inc.’s Middle East business - but will remain as an adviser with Fetchr, he said by phone. The initiative will mainly cater to students who do not have easy access to formal education. Fetchr Tracking Details. Fetchr secured at least $15m in fresh funding to expand in Saudi Arabia as part of a turnaround plan that saved the Dubai-based courier app from collapse. Dubai-based delivery app Fetchr is taking on its biggest challenge yet as it builds up presence in Saudi Arabia.
Fetchr allows both the community and businesses to send or receive anything, anywhere, in the Middle East. • 24 July, 2020. E-commerce retailers can set up a scheduled delivery by simply using a customer’s mobile phone’s GPS co-ordinates, thereby aiming to consistently deliver to the correct location. Please check your email to confirm your subscription.
But is it a good or a bad thing?
The latest financing round, which still needs shareholders’ approval, could see pledges increase to as much as $25m, according to documents seen by Bloomberg. The latest financing round, which still needs shareholders’ approval, could see pledges increase to as much as $25m, according to documents seen by Bloomberg. Fetchr, once one of the rising stars of the Middle East’s nascent startup scene, was valued at almost $300m in a 2017 fund-raising round. Porsche Lists Five Reasons, Kylie Minogue: My boyfriend is so supportive, Saudi Arabia will be ‘one of the first countries’ to receive COVID-19 vaccines, Cristiano Ronaldo inches towards international goals record, First Bangladeshi Original streaming now on OTT, Funds platform AJ Bell to overhaul board with new recruits, Make a Wish Foundation UAE helps ailing children possess their dream pets.
Latest business news and events happening within the Middle East region. Since then, the company has brought in new management, reduced the rate at which it burns cash and closed operations in Jordan, Bahrain and Oman, according to the latest documents. The latest financing round, which still needs shareholders’ approval, could see pledges increase to as much as $25m, according to documents seen by Bloomberg. Wamda accelerates entrepreneurship ecosystems throughout the Mena region by joining Wamda’s multi-stage, sector-agnostic investment vehicle, focused on partnering with high growth technology or technology-enabled startups, as well as the leading knowledge platform offering integrated programmes including thought leadership and research, community development, Wamda’s fellowship programme Wamda X, as well as corporate and government advisory services to the various stakeholders of the Mena startup ecosystem. Since then, the company has brought in new management, reduced the rate at which it burns cash and closed operations in Jordan, Bahrain and Oman, according to the latest documents.
Representatives for BECO, CMA CGM and Tamer Group didn’t immediately respond to emails seeking comment.
Fetchr’s technology solutions can be customized to suit your business model and customer needs. Mamlouk will soon pass the reins to Hussein Wehbe — the former managing director of United Parcel Service Inc.’s Middle East business – but will remain as an adviser with Fetchr, he said by phone. - Depay open to Camp Nou switch after failed summer deal, ADNOC Distribution reports Dh1.58b nine-month net profit. It was able to raise $10 million in bridge finance, which diluted existing shareholders to almost zero, according to a letter to investors seen by Bloomberg in December. Representatives for BECO, CMA CGM and Tamer Group didn’t immediately respond to emails seeking comment. The commitments are being made by venture capital firm BECO Capital, Saudi Arabia’s Tamer Group and French shipping company CMA CGM SA, the documents show. Fetchr secured at least $15m in fresh funding to expand in Saudi Arabia as part of a turnaround plan that saved the Dubai-based courier app from collapse. We are building Fetchr together, and we will only suceed if we apply a sense of ownership to everything we do. Healthcare services and training have become top priorities for the Saudi government, and it is committed to invest in optimizing the local pharmaceutical industry and to create a robust healthcare infrastructure, which calls for improved cold chain management and perfect last-mile delivery.
800 3010004. It also cut about 1,230 jobs. ... Saudi Arabia - Toll Free . Silicon Valley investors such as New Enterprise Associates, Nokia Oyj’s venture capital arm and Winklevoss Capital were among its backers.
The latest financing round, which still needs shareholders’ approval, could see pledges increase to as much as $25 million, according to documents seen by Bloomberg. The latest financing round, which still needs shareholders’ approval, could see pledges increase to as much as $25 million, according to documents seen by Bloomberg. Sign up to receive our weekly digest of stories, op-eds, events and more updates.
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