Issue link: http://endeavor.uberflip.com/i/911983
UA E U R U G UAY p SOUQ ALM AL , a financial product and insurance comparison website founded by Ambareen Musa, raised a $10 million Series B funding round with participation from Endeavor Catalyst. The round was also joined by GoCompare Group, marking the third interna- tional strategic player in a matter of months to invest in a UAE-based startup, following Amazon's acquisition of Souq.com and Didi Chuxing's investment in Careem. FETCHR , a delivery logistics company led by Idris Al Rifai, raised $41 million to expand throughout the MENA region. Dubbed "the next desert unicorn," Fetchr addresses the common challenges that the lack of a clear postal code, address, and mailbox poses in the Middle East by allowing users to choose the pick-up and drop-off points for their packages online. AR ABIAN BUSINE SS STARTUP AWARDS , which celebrate the individuals and teams behind homegrown startups and SMEs, were presented to two Endeavor UAE companies in 2017. Right Bite, founded by Nathalie Haddad, received the SME of the Year Award, and Harmony Cosmetics, founded by Aly Rahimtoola, was awarded SME Leader of the Year. ENDE AVOR UAE launched Sanad, a new accelera- tor program to support early stage companies by matching them with Endeavor Entrepreneurs for mentoring. The initiative was announced as part of Endeavor UAE's 2017 Scale-Up Conference, which brought together over 220 key players in the ecosystem. LOLITA SA, a successful women's fashion design and retail company founded by Michel Cohen and Silvina Leibenberg, served as a case study for a group of Columbia Business School MBA students. The students came to Montevideo to analyze the company's supply-chain manage- ment, logistics strategy, and financial decisions. DLOCAL, an international e-commerce cross-border payment platform founded by Sergio Fogel and Andrés Bzurovski, expanded operations to Silicon Valley, where its newly opened offices will allow it to compete with other tech- nologies in the area. Dlocal is based in Montevideo, but has also expanded to China, Turkey and the UK. ENDEAVOR URUGUAY launched the network's first partnership with The Coca-Cola Foundation to empower and support 500 women entrepreneurs in Uruguay. The program, "Emprendemos Juntas," will leverage Endeavor Uruguay's resources to provide the selected entrepreneurs with access to speakers, workshops, and mentoring sessions. The program was confirmed to be a high priority by the Minister of Economy. PEDIDOSYA, an online delivery company oper- ating throughout Latin America founded by Ariel Burschtin, Ruben Sosenke and Álvaro García, was successfully acquired by Delivery Hero in 2014 after taking control of the market throughout Latin America. This year, Delivery Hero was listed on the Frankfurt Stock Exchange, opening the door for PedidosYa's further growth. entrepreneurs 27 entrepreneurs 32 Companies 19 Companies 20 Flag Flag Founded 2013 Founded 2000