Archive - Termsheet

Delivery Hero acquires 100% of HungerStation

After years of waiting, Delivery Hero has finally acquired the 37 percent non-controlling interest in HungerStation, bringing its ownership in the Saudi…

Jul 21, 2023 •

Zubair N. Paracha

Markdowns & shrinking market caps

Good afternoon, The last eighteen months have been difficult for startups all around the world. The venture slowdown has had an effect on the majority…

Jul 11, 2023 •

Zubair N. Paracha

June 2023

CVC in MENA: Hits and misses

Good afternoon,

Jun 24, 2023 •

Zubair N. Paracha

Cazoo: Mubadala's worst recent tech investment

Welcome to Skim, a series by Termsheet that publishes concise one-minute reads that cover the latest tech data and news from emerging markets.

Jun 3, 2023 •

Zubair N. Paracha

May 2023

Jahez vs HungerStation

Good afternoon,

May 29, 2023 •

Zubair N. Paracha

April 2023

E&'s big bold bet on tech

Good morning, Termsheet now has over 5,000 subscribers, which I had set as a milestone before turning on subscriptions. I am not yet ready to do that…

Apr 30, 2023 •

Zubair N. Paracha

December 2022

Swvl's terrible unit economics

Good afternoon, Swvl’s market cap as of December 23rd is less than $15 million. This is what a lot of pre-seed stage startups in the region raised money…

Dec 26, 2022 •

Zubair N. Paracha

October 2022

Anghami's slow growth

Good afternoon,

Oct 15, 2022 •

Zubair N. Paracha

Saudi's growing influence

Good afternoon, Last month, LinkedIn unveiled top startups across different markets in the world; UAE, Saudi, and Egypt in the region. All these three…

Oct 6, 2022 •

Zubair N. Paracha

September 2022

Careem is losing its grip on its core business

Good afternoon, The closest I have come to buying an iPhone was when the FOMO of not being on Clubhouse (almost) got to me. I am glad that I still…

Sep 28, 2022 •

Zubair N. Paracha

Swvl has lost over $200 million in 3 years

Good afternoon,

Sep 20, 2022 •

Zubair N. Paracha

Capiter and the shitshow

Good afternoon, About two years ago, a founder reached out saying that they had raised a new round and would like MENAbytes to break the story. I asked…

Sep 13, 2022 •

Zubair N. Paracha

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