(The Gulf News)
In 2020, it seemed all that tech/digital startups in the UAE and wider region had to do was present a business idea or plan… and investors were willing to put up funds. If these businesses had a sufficient track record to show off, then they only had to ask.
Name any category – fintech, online grocery or delivery, ‘buy now pay later’ platforms, agritech, etc. – and there were takes for these ventures. All of which was jacking up valuations of these businesses beyond anything that was seen in the recent past.