The Middle East & North Africa’s M&A Landscape 2017-2022

Saudi Arabia

On July 21, 2023, Delivery Hero bought the remaining 37% of HungerStation shares, making them the sole owner of the company.&nbsp;&nbsp;Delivery Hero had indirectly acquired shares of the Saudi company earlier in 2016, when it acquired FoodPanda.

Delivery Hero's Acquisition in Middle East, North Africa and Turkey

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Although the initial hype around NFTs may have cooled also driven by the start of the bear market that saw a 67.3% drawdown of total NFT trading volume from the all-year high of $5.79 billion in January 2022, it is evident that the technology and its use cases are maturing. Utility NFTs demonstrate their potential to reshape industries, indicating that we are witnessing the early stages of a significant shift.

NFT Trading Volume Over the Time (Million USD)

Total NFT Trading Volume

There are 2,654 startups that reported a fundraising round, however 27% have not disclosed any funding value. Of the remaining 73% (startups which have disclosed any funding value at all), 44% have raised less than US$1 million till date while 28% are scaleups, which have raised US$ 1 million and above.

Delivery Hero's Acquisition in the MENAT Region

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