A Saudi Arabia-based company, Merak Capital, has led a seed round of $3 million for Egyptian startup Convertedin, which operates a marketing operating system for e-commerce brands. Among the other investors taking part are 500 Global and MSAS. Funds will be used to hire strategic personnel and further develop the company’s platform, the company said in a statement. To make informed decisions and grow, brands must converge fragmented data that is generated through e-commerce sales. Convertedin is highlighted because it cares about businesses and brands with all these goals. Achieve measurable results, convert customers, and grow revenue with personalized and…
Author: Anuj Khare
Startup Market Pulse announced Tuesday that it had raised $1.2 million in pre-seed funding from high-net-worth individuals, including Nitesh Mittersain, its founder and managing director. Nazara Technologies; Pidilite Industries’s director Apurva Parekh and Epacific Services India’s director Aditya Goel. According to the startup, the funds that are generated will be used for broking stock business. In a statement, the company said that its trading platform has successfully completed beta testing and will be launched in August. A 300% profit margin and no marketing have enabled the Company to build and operate its data and analysis. The flagship product has downloaded…
Adani Enterprises LTD stated on Tuesday that it had reached an agreement with the Israel Innovation Authority enabling the Adani Group to work with Israeli organizations on technical innovation. Israel’s innovation policy is overseen by Israel’s Innovation Authority, a public agency funded by the government. An innovative innovation platform will be developed as a result of the memorandum of understanding (MoU), enabling Adani Businesses to collaborate with Israeli start-ups and fund particular innovation projects. In a statement, Karan Adani, CEO and Whole-Time Director of Adani Ports and Special Economic Zone, said, “The acquisition of Haifa Port shows the group’s commitment…
As India celebrates its 75th anniversary of independence this year, and the Department for the Promotion of Industry and Internal Trade (DPIIT) reports that there are over 75000 startups registered now. Innovation, enthusiasm, and development are the major goals of these startups. Arun Jaitley, former Union Finance Minister, launched the startup India program 6 years ago with the vision of forming a country that is self-sufficient (Atm-Nirbhar) with well-known CEOs, startups, and attendees. In the past 6 years, we have had startups for every need we have in our daily lives, from food to clothing to coaching. The Indian startup…