Author: Arabian Media staff

Through an extension to its previous $50 million Series A round that closed in September, AI video generation startup Higgsfield has sold another $80 million worth of stock, bringing its total Series A to $130 million. The company says it has now hit a $1.3 billion valuation. Higgsfield offers a tool that allows consumers, creators and social media teams to create and edit AI-generated videos. The company was founded by Alex Mashrabov, former Head of Generative AI at Snap, who landed at the company after it bought his previous startup, AI Factory, in 2020 for $166 million. Mashrabov was a…

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India’s top court has ruled against Tiger Global in a tax case stemming from its Flipkart exit during Walmart’s 2018 takeover, a decision that strengthens New Delhi’s ability to challenge offshore treaty structures and could raise tax risk for global funds counting on predictable exits from one of the world’s fastest-growing major markets. On Thursday, the Indian Supreme Court backed the tax authorities in a dispute over whether Tiger Global could use its Mauritius-based entities to claim protection under the India–Mauritius tax treaty and avoid paying capital gains tax in India on profits linked to its exit in the Walmart–Flipkart…

Berlin-based Parloa has raised $350 million in Series D funding from existing investors, valuing the six-year-old customer service AI startup at $3 billion. The round comes just eight months after the company raised $120 million at a $1 billion valuation. The new round was led by General Catalyst, with participation from returning backers including EQT Ventures, Altimeter Capital, Durable Capital, and Mosaic Ventures. Parloa is one of many startups developing AI agents that promise to automate the kind of customer service work previously handled by human representatives and help desk staff. The company’s competitors include Sierra, co-founded by OpenAI Chairman…

Ethereal Exploration Guild, an Indian space tech better known as EtherealX, has climbed 5.5x in valuation to $80.5 million after its latest funding round. The startup is developing a launch vehicle designed to be fully reusable and is readying engine hot-fire tests ahead of its first technology demonstration flight, planned for 2027. The Bengaluru-based company confirms that it closed an oversubscribed $20.5 million Series A round led by TDK Ventures and BIG Capital, as TechCrunch reported earlier. Accel, Prosus, YourNest, BlueHill, Campus Fund, and Riceberg Ventures also participated, EtherealX said. The raise follows a $5 million seed round in August…

The Arab world is witnessing a powerful startup revolution. From innovative tech companies to creative e-commerce brands, Arab entrepreneurs are building successful businesses that are gaining global attention. Economyarab is playing an important role in highlighting these inspiring journeys and helping people understand how startups are growing across the region. In this article, we will explore real success stories, common challenges, and how Economyarab supports and showcases the rising startup culture in the Arab world. The Rise of Startups in the Arab World Over the last few years, the startup ecosystem in Arab countries has grown rapidly. Countries like UAE,…

As AI automates parts of the workforce, Emversity, an Indian workforce-training startup, is building talent pipelines for roles it sees AI can’t replace, and has raised $30 million in a new round to expand job-ready training in the world’s most populous market. The all-equity Series A round was led by Premji Invest, with participation from Lightspeed Venture Partners and Z47, the Bengaluru-based startup announced on Thursday. The funding values Emversity at around $120 million post-money, sources confirmed to TechCrunch, up from about $60 million in its April 2025 pre-Series A round. Total funding now stands at $46 million. India has…