Yemen’s Tawseel raises investment from Numu Capital
- Date: 06-Feb-2023
- Source: Wamda
- Sector:Financial Markets
- Country:UAE
Yemen’s Tawseel raises investment from Numu Capital
Yemen-based food delivery startup Tawseel has secured investment from Numu Capital, a Dubai-based early-stage venture capital firm, the startup said in a statement.
Founded in 2022 by Abdulhamid Thaiban, the startup aims to build a one-stop app for local restaurants to process online orders by users in tier-1 cities across the country.
Jamal Al-Mutarreb, the managing director of Numu Capital, commented: “Most of our investments have been historically in [the] GCC and Egypt, and we frankly didn’t expect to meet a startup as sophisticated as Tawseel in Yemen given the current economic situation."