Turn on more accessible mode
Turn off more accessible mode
Home
|
Media Center
|
Careers
Personal
Accounts
Loans
eBanking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
Tutorials
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Awards
BBK awarded for distinguished Corporate Governance practices
Bahrain’s pioneer in commercial and retail banking
BBK wins first place for excellence in Corporate Governance practices
BBK wins Bahrain eContent Award
BBK newsletter
CINET
BBK Press releases
Latest News
Archives
Financial News
Latest News
Archives
Internet Banking
Retail login
Help
|
Alert
What do you want to do?
Select here
Access Retail Internet Banking
Home
Media Center
Financial News
Archives
Archives
29-08-21
UAE-based Lyve Global reaches 86 percent of total funding in delivery, logistics startups
(MENAFN)Data platform MAGNiTT showed that delivery and logistics startups in the Middle East and North Africa, Turkey, and Pakistan increased in funding activity in the January-June period of 2021, turning the sector into the fourth busiest in terms of deal count.
MAGNiTT further declared that the sector attracted almost 10 times more capital in the region at USD1.1 billion in comparison with 2020 as the number of deals rose by 1,729 percent annual in the first half of the year.
The three rounds of Turkey-based Getir of fundraising amounted at 91 percent of venture funding in the sector as it accomplished unicorn status with an assessment of at least USD1 billion.
UAE-based Lyve Global stood at 86 percent of the amount of funding in UAE-based delivery and logistics startups, and 45 percent of the sector’s funding in the MENA region in the January-June period of 2021.
View complete sitemap
Personal
Accounts
Loans
Mortgage
eBanking
ATM
Internet Banking
SMS Banking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
BBK tariffs
Tutorials
Customer Protection
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Follow us