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The biggest exit of a MENA tech startup to date.

In his oped on Wamda, Executive Chairman Fadi Ghandour shares his thoughts on what Careem's acquisition means for investors, companies and talent alike, as well as what remains to be done to spur further innovation in Mena.

"This sale to Uber proves that the region can have a unicorn that maintains and increases its value. It also says that when you scale and prove that you can compete, you will be able to attract global investors whether strategic or any other kinds of investors. Uber in this case, General Atlantic in the case of Property Finder.

This means that..." Read full oped in full on Wamda.

Wamda Research: the fastest growing e-commerce segment

It is the most under-penetrated sector of e-commerce, yet the e-grocery market has perhaps experienced the most amount of disruption.

Noon.com announces groceries as a vertical of interest
Wadi.com raises $30m and pivots to online groceries
Souq.com offers groceries on a marketplace model (and as of recently, fruits and vegetables)

Spot the trend?
E-grocery startups are emerging as 30% of consumers across the region have switched to buying their groceries online. The sector is expected to grow at a rate of more than 100% YoY as consumer behaviour shifts further towards digital services. More here and a link to download the full report.

Christina Ganim and her co-founder are tapping into a niche market so far under-served in Mena with Kenz. While the team faced a series of challenges at the very beginning, Christina believes that in Palestine, 'entrepreneurship could be the best answer for not relying on aid and foreign entities', and a way to make people agents of their own destiny.