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We are thrilled to announce leading DealCart's $3M Seed round with Sturgeon Capital, the round also saw participation from 500 Global, Evolution VC, Rayn Capital, and Khyber Venture Partners. 🚀 DealCart is dedicated to transforming the way Pakistani consumers access essential goods, especially amid the financial challenges posed by soaring inflation rates. By sourcing products directly from manufacturers and collaborating with local brands, DealCart provides affordable essential goods to most consumers across Pakistan. 🛒 Why this matters: 👉 Empowering Consumers: Targeting those who spend 50-60% of their income on groceries, DealCart helps users save more and invest in a better future. 👉 Digital Transformation: Leveraging Pakistan's digitally sophisticated younger population, DealCart is setting new standards in social commerce. 👉 Economic Impact: This funding will accelerate DealCart's mission to make everyday necessities more accessible and affordable, significantly impacting the lives of millions in Pakistan. Omer Zabit, our Principal, emphasized, “DealCart has identified a market gap and is developing a distinctive approach to social commerce. We believe this investment will enable DealCart to scale rapidly and significantly impact the lives of millions in Pakistan.” We'd like to congratulate Ammar Naveed and Haider Raza and the wider team at DealCart for being the fastest growing social ecommerce platform in Pakistan. ✨ 🔗 Read the news on Pakistan Today/Profit: https://lnkd.in/dk7sEK8b #ShorooqPartners #DealCart #Funding #Ecommerce #Pakistan #SocialCommerce #Startup #Shorooq #tech #investments #Entrepreneurship #venturecapital #venturedebt #privatecredit #privateequity #finance #business

Private credit is on the rise, with global experts predicting exponential growth. Recently, Nathan Yonghyun Kwon, our Principal and Private Credit, shared his insights in this latest piece with Matt Smith in the AGBI - Arabian Gulf Business Insight: 📈 Equity markets have fluctuated, making real cash from private credit more appealing. Investors seek funds generating actual distributions, not just unrealized gains. 📈 Despite high interest rates, private credit has become a cheaper capital source compared to equity. “Savvy CFOs are turning to credit despite high base rates,” notes Kwon. Similarly, Blackstone's CIO shared what he believes are 'generational' trends driving this surge: 📌 Higher base rates offering equity-like returns with credit risk. 📌 The secular shift from banks to private credit providers. 📌 Diverse strategies to access the private credit opportunity. Dive into the full details here: https://lnkd.in/diHrzXPG #AlternativeInvestment #MiddleEast #Shorooq #tech #investments #Entrepreneurship #venturecapital #venturedebt #privatecredit #privateequity #saudi #uae #egypt #korea #pakistan #riyadh #abudhabi #dubai #cairo #korea #seoul #founders #startups #wearehiring #jobs #spotlight #finance #business

UAE-based Shorooq Partners led a USD 5 million seed round for Turkish travel technology startup Roamless, with participation from Revo Capital, Paribu Ventures, Finberg, and DeBa Ventures. 🚀 Roamless  offers seamless internet access in 165 countries through its innovative eSIM technology and boasts a user base of 120,000. According to Shorooq Partners Co-Founder Mahmoud Adi, Türkiye’s vibrant tech ecosystem and strategic location are the key factors in this investment decision. Roamless CEO Emre Demirel stated that this investment will accelerate their mission to lead digital transformation in the global telecom sector. This partnership marks a significant milestone in supporting visionary startups and fostering growth in Türkiye's entrepreneurial landscape. Read more at tinyurl.com/4rxr54fh. #Türkiye #Roamless #ShorooqPartners #startup #traveltech

In Paklaunch (PL) Unconference '24 in Riyadh, our Founding Partner Shane Shin (شين شن) 유근 got asked how does a founder get the valuation they are driving toward and what is the playbook investors use to evaluate a company. Hear out what he had to say among many other insightful points made on the panel. 🎥 Watch the full panel here: https://lnkd.in/d8Bq3k_c #ShorooqPartners #shorooq #tech #investments #Entrepreneurship #venturecapital #venturedebt #privatecredit #privateequity #ksa #uae #egypt #korea #pakistan #riyadh #abudhabi #dubai #cairo #korea #seoul #founders #startups #wearehiring #jobs #spotlight #finance #business

In this latest edition of The Spotlight, we dive into essential strategies for founders as the market begins to turn. Our partners, Shane Shin (شين شن) 유근 and Bilal Baloch, share invaluable insights on how to prepare for the upswing and seize opportunities with a play-to-win mindset. 🏆 💡Key Takeaways: 1. Mindset Shift: Transition from survival to a play-to-dominate mindset. 2. Early Fundraising: Capitalize on opportunities before the upswing. 3. Frugality & Resilience: Maintain frugality while driving growth and sales. Bilal Baloch emphasizes the importance of mental agility and strategic planning. "Staying really frugal while playing-to-win means you emerge stronger when the sun breaks through the clouds." 🌤 Shane Shin (شين شن) 유근 advises, "Shake the money out of the tree before others do. Position yourself to dominate the market as it rebounds." 🌳 📈 Read the full edition to discover more strategies and insights for navigating the shifting tides and emerging stronger on the shores of success. 🚀 📩 Leave us your comments and share it with others! #StartupStrategies #VentureCapital #MarketRebound #Entrepreneurship #Innovation #ShorooqPartners #tech #investments #Entrepreneurship #venturecapital #venturedebt #privatecredit #privateequity #ksa #uae #egypt #korea #riyadh #abudhabi #dubai #cairo #korea #seoul #founders #startups #wearehiring #jobs #spotlight #shorooq #finance #business #funds

Internship season is here! We recently sat down with Zebo Furqatzoda, a student at New York University Abu Dhabi, one of our brilliant former interns to hear about their transformative experience with us. Her journey was filled with hands-on learning, mentorship, and the opportunity to work on impactful projects. 🌟 Here's a sneak peek into what they had to say: 🎤 "My internship at Shorooq Partners was a game-changer. I had the chance to dive deep into the world of venture capital, collaborate with inspiring professionals, and contribute to projects that truly made a difference. The supportive and dynamic environment pushed me to grow both personally and professionally." If you are ready to kickstart your career with an internship that challenges and inspires you and you are passionate and driven to making real impact, we want to hear from you! Email your CV to: [[email protected]] 📢 Watch Zebo's full interview with our intern and get a glimpse of what it's like to be part of the Shorooq Partners family. 🚀 #Internship #talent #ShorooqPartners #VentureCapital #CareerGrowth #FutureLeaders #univeristies #education #tech #investments #Entrepreneurship #venturedebt #privatecredit #privateequity #ksa #uae #egypt #korea #riyadh #abudhabi #dubai #cairo #korea #seoul #founders #startups #wearehiring #jobs #spotlight #shorooq #finance #business #students

[Latest News] -#MSS held a meeting on June 19 in Seoul to discuss collaboration results between #SouthKorea and the #UAE in #SMEs and #startups. - The meeting was attended by South Korean SMEs and startups that have made successful entries into the UAE market and achieved tangible results. Also in attendance were the support agencies of both countries that provide assistance to South Korean SMEs for entering the UAE market, and investors. ➡ https://lnkd.in/gB_JkrWv - During the meeting, MSS found out the challenges South Korean small and medium-sized enterprises (SMEs) face in the UAE market and to gather their suggestions. 

At the Korea-UAE SME Cooperation Meeting, organized by Ministry of SMEs and Startups, Republic of Korea, our Founding Partner Shane Shin (شين شن) 유근 emphasized the importance of "selection and focus" and "joint ventures" for South Korean SMEs and tech startups aiming to expand to the Middle East. He urged the Korean government to create a task force to support companies selectively, aiming to build strong success stories. We look forward to deeper collaboration with the Ministry of SMEs and Startups, Republic of Korea and relevant stakeholder to foster further meaningful collaborations between Korea and MENA, a journey we started around 6 years ago! Read more in the news here: https://lnkd.in/dAZjDwnB #AlternativeInvestments #venturecapital #privatecredit #privateequity #tech #investments #startups #usa #dubai #abudhabi #egypt #ksa #riyadh #shorooq #shorooqpartners #explore #fyp #business #career #jobs #founders #business #career #finance #london #newyork #korea #seoul #globalexpansion

In this episode of Groundbreakers, we interview Firas Al Msaddi, the founder and CEO of fäm Properties Dubai, Dubai's largest and most technologically advanced real estate company. We discuss the role of technology in real estate decision making process, the current real estate market and the effect of current macroeconomics on market dynamics, how does FAM stay ahead of the competition, and his views on today's Saudi Real Estate market. 🏘 🚀 Here are select takeaways from an episode full of golden nuggets: 1. While technology is transforming the real estate market, the human element remains important, especially for high-ticket investments. 2. The success of an ERP system lies in its ability to provide consistent results and enable data-driven decision-making. 3. Firas believes that the market will continue to evolve, and he remains optimistic about the future of the real estate industry. Inflation is unlikely to return to pre-pandemic levels, and the value of money will continue to deteriorate. 4. Data-driven decision making is crucial in the real estate industry, but it should be complemented by on-the-ground experience and interpretation. 5. The Saudi Arabian real estate market offers significant opportunities for growth, particularly in the off-plan space. 🎥 Watch the full episode on our YouTube Channel: https://lnkd.in/dht_hMcq Remember to subscribe to our YouTube Channel to get all exclusive content right at your fingertips! 👆 🚨 Partnering with leaders creating tomorrow! #ShorooqPartners #tech #investments #Entrepreneurship #venturecapital #venturedebt #privatecredit #privateequity #ksa #uae #egypt #korea #riyadh #abudhabi #dubai #cairo #korea #seoul #founders #startups #wearehiring #jobs #spotlight #shorooq #finance #business #firasalmsaddi #fam #famproperties #proptech #realestate #groundbreakers

Last month at Milken Institute LA was truly special as we came together to bridge the MENA-USA venture ecosystem! Hosted by Shorooq Partners and Watertower Ventures, this exclusive social gathering brought together an incredible lineup of investors, partners, and industry leaders to explore the future of media and the transformative impact of AI. 🚀🌟 A huge thank you to Derek Norton and the team at Watertower Ventures for partnering with us to make this event a success. Your support and collaboration are invaluable in strengthening the ties between our regions and fostering a collaborative environment for innovation. 💡 We were honored to host a fireside chat with two luminaries in the media industry: ✨ Kevin Mayer, CEO and Co-Founder of Candle Media ✨ Walter Driver, Co-founder, Chairman, and Co-CEO at Scopely Special congratulations to Walter and the Scopely team on their latest success with Monopoly Go! Your achievements continue to inspire and push the boundaries of gaming and entertainment. 🎉 At Shorooq, we pride ourselves on our dynamic investment approach, spanning venture capital funds, private credit, and equity funds. Recently, we've focused on enriching our portfolio within the gaming, media, and entertainment sectors, recognizing these areas as pivotal elements of technological and cultural advancement. 📈 Thank you to everyone who joined us, engaged in insightful conversations, and forged new connections. Our team is here to assist you with anything you might need, so please don’t hesitate to reach out. Let’s continue to collaborate, innovate, and shape the future together. 🌐 #VentureCapital #Investment #Gaming #Media #Entertainment #AI #Innovation #MENA #USA #ShorooqPartners #WatertowerVentures #Networking #FutureOfTech #ShorooqPartners #tech #investments #Entrepreneurship #venturecapital #venturedebt #privatecredit #privateequity #ksa #uae #egypt #korea #riyadh #abudhabi #dubai #cairo #founders #startups #wearehiring #jobs #spotlight #shorooq #finance #business #funds