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ADQ is a pivotal investment and holding firm with a mission to expedite the Emirate's shift towards a knowledge-driven economy as both an asset owner and a sustainable investor.

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Trendyol Group were founded in 2010 with a dynamic and agile start-up spirit. Since then, we have grown into a decacorn, backed by Alibaba, General Atlantic, Softbank, Princeville Capital, and several sovereign wealth funds.

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Okadoc is a healthtech start-up with a mission to create a better healthcare experience for all. It is the region’s first instant online appointment booking platform that seamlessly connects healthcare providers and doctors with their patients. Patients can use Okadoc.com to find doctors across 130+ specialities who accept their insurance,instantly book appointments online, receive reminders, reschedule, cancel or even request earlier availability. Okadoc provides both a 24/7 intelligent medical calendar system and a fully interoperable cloud based solution that integrates with most hospital and clinic management systems. It helps practitioners, clinics and hospitals reduce 'no-shows', optimise their bookings, attract and engage new patients. Okadoc's online marketplace delivers the efficient, seamless, and simple healthcare experience for anyone, anytime, anywhere. Okadoc is free for patients and available across www.okadoc.com or the app for iPhone and Android. Okadoc’s telemedicine platform enables virtual consultations and connects patients to doctors and healthcare providers across the country.

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Okadoc, a healthtech startup in the UAE, raised $10 million in a Series B funding round. The round was led by ADQ, Alesay Group, Bassem Ibrahim Hail Saeed, Builders Ventures, Bunat Ventures, Bupa Arabia, Club 49, iGan Partners, and Now Invest. The startup, founded in 2018 by Fodhil Benturquia, is a patient engagement platform that connects patients with healthcare providers and doctors. With this funding, Okadoc's total capital raised is $22.3 million.

These two healthtech startups in the UAE received most funding in 2022

Rizek raises $10 million Series A round News • 24 May, 2021 Arabic UAE-based on-demand home services startup Rizek, has raised a $10 million Series A funding round. Founded by Abdullah Abu Sheikh and Ahmed Marzui in 2019, Rizek connects service professionals directly with customers. The platform offers a wide range of home services including cleaning, beauty, maintenance, automotive and tutoring. The app was hailed as the world's first app to enable at-home Covid-19 vaccination bookings. In June 2020, Rizek raised $3.5 million in a Seed round from the Abu Dhabi Investment Office (ADIO), e-tech investments, Rozana Investments, along with other stakeholders. Press release Rizek, one of the fastest-growing Abu Dhabi-based start-ups, and the first ‘super app’ for on-demand home services in the country, is proud to reveal that it successfully raised $10 million in a round of series A funding. Abdallah Abu-Sheikh, CEO and co-founder of Rizek, said: “There are many service-based economies in the region, but what we’ve done differently is ensure our processes are optimised and consistently up to date. At Rizek, we have continuously pushed the envelope of innovation by presenting an inclusive platform that places the power of choice in the customers’ hands. Our mission is to be the one-stop shop for all services across the region, allowing both suppliers and consumers to maximize on their values and benefits.” For Rizek, the success of its funding is a testament to the team’s ambition, drive, and vision for the future in the region and beyond. In June 2020, the company raised $3.5 million in a seed round from Abu Dhabi Investment Office (ADIO), e-tech investments, Rozana Investments, and a number of other stakeholders, becoming one of the largest-ever seed rounds raised by a regional start-up, thereby solidifying the trust of investors with its growth trajectory. Ahmed Mazrui, co-founder of Rizek, said: “It is humbling to watch what first started as an idea on paper prosper into the revolutionary service provider it is today. Rizek is the result of boundless passion and a nurturing environment for entrepreneurs presented to us by the UAE. This round of funding consolidates the emphasis of our platform as a product with a noteworthy impact on the e-commerce and service sector, and we look forward to further expanding upon its influence and success.” Author: News Rizek home services

Rizek raises $10 million Series A round

Investments Abu Dhabi’s Rizek raise $10 million Series A to expand its home services platform to Saudi & Egypt By MB Staff Posted on June 1, 2021 - Like & Follow Us Follow @MENAbytes Share Tweet Share WhatsApp Email 0 Shares Abu Dhabi-based home services platform Rizek has raised $10 million in a Series A round, it announced last week. The investment came from Peak Investments, ADQ, and family offices from UAE & Saudi. Rizek had raised $3.5 million in a seed round less than a year ago. With this latest financing round, Rizek has now raised a total of $15 million to date. Launched in 2020, the startup calls itself the super-app for on-demand home services – and rightly so. It offers tens of services in eight main categories – including cleaning, beauty and wellness, healthcare, men’s grooming, maintenance, business and design, automotive, and packers and movers. Rizek currently offers these services to customers at their homes through a network of verified and trained service providers. In addition to these, the platform also offers an at-home Covid-19 PCR testing service. It claims to have helped the government collect more than 100,000 swabs for testing over the last few months. Currently available in Abu Dhabi, Dubai, and Sharjah, and Ajman, Rizek plans to use the latest funds to expand to Saudi and Egypt as well. Since its launch, it claims to have grown its revenues by 800 percent and customer base by 700 percent. Rizek’s co-founder and CEO Abdallah Abu-Sheikh, speaking about their early success, said, “There are many service-based economies in the region, but what we’ve done differently is ensure our processes are optimized and consistently up to date. At Rizek, we have continuously pushed the envelope of innovation by presenting an inclusive platform that places the power of choice in the customers’ hands. Our mission is to be the one-stop shop for all services across the region, allowing both suppliers and consumers to maximize on their values and benefits.” Author Recent Posts MB Staff Latest posts by MB Staff (see all) Saudi B2B ecommerce platform Sary merges with Bagladesh’s ShopUp to form Silq, raises $110 million - April 9, 2025 ClearGrid raises $10 million to modernize and automate debt collection in the Middle East - March 21, 2025 UAE’s Klaim raises $26 million Series A to fast-track insurance claim payments for healthcare providers - March 11, 2025 Post Views: 20,665 Related Items:Abu Dhabi, United Arab Emirates Recommended for you Abu Dhabi’s AppliedAI raised $55 million in G42-led Series A to to automate back-office processes in highly regulated industries Korean sovereign wealth fund, KVIC, invests in Shorooq Partners Shorooq Partners opens an office in Cairo, appoints Tamer Azer as Partner

Abu Dhabi’s Rizek raise $10 million Series A to expand its home services platform to Saudi & Egypt

Rizek achieves yet another milestone, raises $10mln in series A funding
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Rizek achieves yet another milestone, raises $10mln in series A funding
Our mission is to be the one-stop shop for all services across the region, allowing both suppliers and consumers
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May 24, 2021
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Abdallah Abu-Sheikh, CEO and co-founder of Rizek, said: “There are many service-based economies in the region, but what we’ve done differently is ensure our processes are optimised and consistently up to date. At Rizek, we have continuously pushed the envelope of innovation by presenting an inclusive platform that places the power of choice in the customers’ hands. Our mission is to be the one-stop shop for all services across the region, allowing both suppliers and consumers to maximize on their values and benefits.”
For Rizek, the success of its funding is a testament to the team’s ambition, drive, and vision for the future in the region and beyond. In June 2020, the company raised $3.5 million in a seed round from Abu Dhabi Investment Office (ADIO), e-tech investments, Rozana Investments, and a number of other stakeholders, becoming one of the largest-ever seed rounds raised by a regional start-up, thereby solidifying the trust of investors with its growth trajectory.
Ahmed Mazrui, co-founder of Rizek, said: “It is humbling to watch what first started as an idea on paper prosper into the revolutionary service provider it is today. Rizek is the result of boundless passion and a nurturing environment for entrepreneurs presented to us by the UAE. This round of funding consolidates the emphasis of our platform as a product with a noteworthy impact on the e-commerce and service sector, and we look forward to further expanding upon its influence and success.”
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Rizek achieves yet another milestone, raises $10mln in series A funding

Online pharmacy PharmEasy has closed a funding round worth nearly $350 million ahead of filing its draft red herring prospectus (DRHP) before an Initial Public Offering (IPO), according to regulatory documents sourced by ET and people briefed on the matter.

Online pharmacy PharmEasy has closed a funding round worth nearly $350 million ahead of filing its draft red herring prospectus (DRHP) before an Initial Public Offering (IPO), according to regulatory documents sourced by ET and people briefed on the matter.

Online pharmacy PharmEasy has closed a funding round worth nearly $350 million ahead of filing its draft red herring prospectus (DRHP) before an Initial Public Offering (IPO), according to regulatory documents sourced by ET and people briefed on the matter.
company has raised around $204 million (more than Rs 1,505 crore) in primary funding from Singapore’s Amansa Capital,Blackstone-backed hedge fund ApaH Capital, US hedge fund Janus Henderson, OrbiMed, Steadview Capital, Abu Dhabi’s sovereign wealth fund ADQ, hedge fund Neuberger Berman and London’s Sanne Group, the documents showed.

PharmEasy closes pre-IPO funding round at $5.6 billion valuation

Trendyol, an e-commerce platform based in Turkey, has raised $1.5 billion in a massive funding round that values the company at $16.5 billion. General Atlantic, SoftBank Vision Fund 2, Princeville Capital and sovereign wealth funds, ADQ (UAE) and Qatar Investment Authority co-led the round.

Turkey’s first decacorn: Trendyol raises $1.5B at a $16.5B valuation

Saudi Arabia-based digital freight network TruKKer has raised $96 million in a mix of equity and debt for its Series B financing. The equity round was led by ADQ and Riyadh-based Saudi Technology Ventures (STV), with participation from Mubadala. Existing investors, including the Public Investment Fund-backed Riyad Taqnia Fund and Shorooq Partners, also took part. The debt funding was led by Mars Growth, a Liquidity Group and MUFG joint venture fund, and San Francisco-based Partners for Growth, backed by the Silicon Valley Bank.

The fresh funds will go towards accelerating new product launches and bolstering the company's presence in its existing markets across the Middle East and Central Asia.

TruKKer raises $96 million in Series B

Funding Alert Bayzat secures $25 million in Series C funding ByStartupStory | December 27, 2022 Bayzat, a business in HR technology based in the UAE, has raised $25 million in Series C funding led by DisruptAD and the international hedge fund Ischyros New York. With this money, the team hopes to expand across Saudi Arabia and the Middle East. The business has now secured $60 million in total capital. Tarek Bayaa, Brian Habibi, and Talal Bayaa founded Bayzat in 2013. It assists firms with the automation of operational operations related to insurance, payroll, and human resources. Co-founder and CEO Talal Bayaa mentioned in a note by StartupScene that their goal is to empower employees with a platform that functions as a self-serve HR system. It facilitates payroll automation, opens up employee perks, and enhances insurance strategies. More than 1,500 of the startup’s businesses are located in the GCC, including Saudi Icon, Grant Thornton, Eyewa, Deliveroo, and others. The firm claims 350 employees in the MENA area and three years of 100% yearly growth. According to a survey by Wamda and Digital Digest, startups in the MENA region raised $439 million in 39 deals in November of this year. On a monthly basis, the funding value dropped 32% while the number of deals dropped 43%. Startups reported investments of $646 million in October. However, compared to the $284 million that companies raised during the same week last year, the total fundraising value in November 2022 increased by 55%. Also Read Mamaearth Parent Honasa Consumer Grants ESOPs Worth Rs 57 Crore to Employees... Follow Startup Story Latest Post Rural Fintech Startup Jai Kisan Raises INR 26.47 Cr from Mirae Asset, Unitary Fu... Calligo Technologies Raises $1.1 Million in Pre-Series A Round to Expand R&... Asha Ventures Secures $10 Million from British International Investment... Easebuzz Secures $30 Million in Series A Round Led by Bessemer Venture Partners... Indian Startups Witness Renewed Investor Confidence with 23% Surge in Funding: N... Mamaearth Parent Honasa Consumer Grants ESOPs Worth Rs 57 Crore to Employees... Sweet Karam Coffee Raises $8 Mn in Series A Round Led by Peak XV Partners to Exp... Pratilipi Secures $20 Million in Series E Round Led by Jungle Ventures to Expand... The Foundation for Health and Learning Empowerment (FHLE) Appoints Dr. Shrey Sri... InCred Alternative Investments Secures Rs 600 Crore for Inaugural Special Opport... Related Posts April 7, 2025, Rural Fintech Startup Jai Kisan Raises INR… Funding Alert April 7, 2025, Calligo Technologies Raises $1.1 Million in Pre-Series… Funding Alert April 7, 2025, Asha Ventures Secures $10 Million from British… Investment April 7, 2025, Easebuzz Secures $30 Million in Series A… Fintech Startup story is a platform designed to promote businesses and entrepreneurs, prioritising ventures that are left overlooked and unrecognised in the Indian startup ecosystem i.e the startups from tier 2, tier 3 and tier 4 cities but are progressively succeeding. Startup Story becomes their voice by sharing their journey and business ideas to a greater audience using various verticals including articles, podcast, storytelling, video Interviews, e-newspaper and magazine. Startup Story About Stories Startup TV More Services Insights Submit Your Startup Resources Company Contact us Careers Authors Get the Startup Story Updates Delivered to your Inbox ! Subscibe for FREE ! Get the Startup Story Podcast delivered straight to your inbox before everyone else. Subscribe By subscribing you agree to our Terms & Privacy-Policy. Terms and Condition Privacy policy Support Us © Startup Story Private Limited. All Rights Reserved.

Bayzat secures $25 million in Series C funding

Bayzat raises $25M in Series C funding | YourStory
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Bayzat raises $25M in Series C funding
The UAE-based HR and payroll software startup plans to use this funding to grow its base across Saudi Arabia, and the Middle East.
!Image 15: Photo of Sindhu KashyaapSindhu Kashyaap4239 Stories
!Image 16: Bayzat raises $25M in Series C funding 
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UAE-based HR tech startup ﻿Bayzat﻿ has raised $25 million in Series C funding led by DisruptAD, the global hedge fund Ischyros New York. The team plans to use this funding to grow its base across Saudi Arabia, and the Middle East.
The total funding raised by the startup is now at $60 million. Bayzat was founded in 2013 by Tarek Bayaa, Brian Habibi, and Talal Bayaa. It helps businesses with the automation of payroll and HR operational processes, and insurance.
In a note by StartupScene, Co-founder and CEO Talal Bayaa stated that their idea is to empower employees with a platform that works as a self-serve HR system. It helps streamline payroll, unlock employee benefits, and optimise insurance plans.
Get connected to Bayzat!Image 18: ys-connect
The startup has over 1,500 businesses in the GCC like Saudi Icon, Grant Thornton, Eyewa, Deliveroo and others. The startup says it has had 100% annual growth in three years and has 350 employees across the MENA region.
A report by Wamda and Digital Digest stated that startups in MENA raised $439 million in November this year, across 39 deals. However, on a month-on-month basis, the value of funding fell 32%, while the deal count declined by 43%. In October, startups recorded investments of $646 million.
Yet the total funding value in November 2022 was up 55% from the $284 million raised by startups in the same period last year.
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Bayzat raises $25M in Series C funding

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