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In close proximity to Beirut's explosion site, lies an area that was home to offices of local startups, many of which were already struggling with a collapsing economy and rising social unrest, later coupled with hurdles caused by the Covid-19 outbreak. With the rising pressure on entrepreneurs in the country, will the Lebanese startup ecosystem survive the compounding impact of the recent crises?
The UAE remains the hub of startup activity in the region, but Emiratis still make up less than 3% of entrepreneurs. In this podcast, Wamda spoke with Ahmed Abdulhakim, founder of the 3fils restaurant group, Salwa Alzahmi, founder of startup SPL Co and professor Ramesh Jagannathan, vice provost for entrepreneurship at NYUAD, who shared their views on why there are so few Emirati entrepreneurs.
When entire cities were put on lockdown, it was the mobility sector that was affected the most, with business demand dropping to zero. The Coronavirus outbreak presented a devastating blow to the bus-related apps in particular, which had prior to the pandemic been one of the fastest growing segments in mobility. Even once demand begins to rise, it may take a while to rebuild investor confidence in the sector.
In case you missed it - here's our round-up from News Watch:

Conektr raises $800,000 in pre-Series A
ElGameya raises pre-seed investment
Sheraa, CE-Ventures grant $190,000 to 11 startups
Shaghalni raises six-figure investment in pre-Series A
Mubadala invests in China's Xpeng Motors
Glamera raises seed investment
iKcon raises $5 million in pre-Series A
eyewa raises $2.5 million pre-series B bridge round
Starzly raises pre-seed investment
Paymob raises $3.5 million
Hub App raises pre-seed investment
Do you have a story you'd like to share with us? Drop us a line.
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Can Lebanon's entrepreneurship ecosystem survive?

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Investasi Emas

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Businesses that have been gravely impacted by COVID-19 have had to make difficult decisions in how they operate as they come to terms with the changing environment rooted in uncertainty. Rashid Al Ghurair, founder and CEO of UAE-based CAFU, a fuel on-demand service, explains how the company shifted its priorities to drive further innovation to help the community during these times.
During the COVID-19 pandemic, consumers were forced to purchase online at the height of the crisis and confidence has been slow to return for bricks and mortar stores across Mena. Darren Hodgkin, CEO of Digital&Code, foresees many challenges ahead for e-commerce providers as we emerge into the post-COVID world, and highlights three key areas that he believes are crucial to the survival of online retailers.
In the Middle East, many corporates tend to compete with startups and thus become an obstacle, creating barriers to market. Wamda spoke with Joe Abi Akl, chief corporate development officer at Majid Al Futtaim Holding (MAF), on how the retail and shopping giant has embraced startups, and the lessons the company learned during the coronavirus pandemic.
In case you missed it - here's our round-up from News Watch:

NAR technologies acquired by US-based B3Bar Holdings
Dresscode raises six-figure in seed funding
Do you have a story you'd like to share with us? Drop us a line.
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LinkedIn
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Copyright © Wamda 2020, All rights reserved.
You can update your preferences or unsubscribe from this list.


Coba Demo Akun Rekomendasi Kami, Untuk Menguji Keakuratan Analisanya. Ubahlah PELUANG menjadi UANG

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The corporate engaging with startups

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