Endeavor

Endeavor Impact Report 2013–2014

Issue link: http://endeavor.uberflip.com/i/414924

Contents of this Issue

Navigation

Page 53 of 79

Endeavor Lebanon currently supports 19 high- impact entrepreneurs from 15 companies. FOCUS Elie Habib & Eddy Maroun COMPANY Anghami INDUSTRY Technology YEAR SELECTED 2013 EMPLOYMENT GROWTH, 2013–2014 172% REVENUE GROWTH SINCE ENGAGEMENT 340% ENTREPRENEURS ELIE HABIB AND EDDY MAROUN were inspired by the buzz around Spotify at the 2011 Mobile World Congress. Soon thereafter they began developing a prototype that would become Anghami, a music streaming mobile application that offers consumers the opportunity to listen to a wide variety of Arabic and English tracks from the convenience of a mobile phone. Anghami's music library features licensed content from lead- ing Arabic labels, as well as from major international labels including Sony, Warner, and Universal. Since being selected by Endeavor at a 2013 International Selection Panel in Palo Alto, the entrepreneurs have made significant strides: The company raised almost $2m from a regional strategic investor, signed an agreement with a music aggrega- tor that will increase the number of tracks available from 4m to 10m, and launched an industry-disrupting "bundle" combining music and 3G data at a minimal monthly fee of $1. Elie and Eddy were selected among Lebanon's Top 20 Entrepreneurs by Executive magazine for the second consecutive year. ENDEAVOR MAIN OFFICE Beirut (2011) IN THE LARGEST digital media exit in the region to date, French publish- ing company Webedia acquired a majority share in Diwanee, a web platform that publishes women's lifestyle content. ENDEAVOR LEBANON held its first Gala in Beirut. Showcasing the success of Endeavor's network, the event gath- ered over 450 business leaders, entrepreneurs, and decision makers. NADA DEBS' Beirut apartment—decorated with furniture from her award-winning line — was profiled in The Wall Street Journal. IN PREPARATION for her expansion to the United States, Taline Assi (Mosaic Marble) spoke with Endeavor Mexico Entrepreneur Ezequiel Farca about pene- trating the US market. Mosaic Marble was also recently honored by the Preservation League of New York for the company's work in restoring the landmark Williamsburg Savings Bank in Brooklyn, NY. GREEN STUDIOS, a com- pany that designs and builds green walls and roofs, recently opened a sister company in Egypt, won a large- scale project in Kuwait, and is planning to soon launch in the United Arab Emirates. 48 ENDEAVOR IMPACT REPORT 2013–14

Articles in this issue

view archives of Endeavor - Endeavor Impact Report 2013–2014