Middle East And North Africa Startup Online Magazine MENAbytes Acquired By Egypt’s RiseUp

Power has changed hand at MENAbytes. The startup which had been vigorously reporting on startup and technology trends and issues in the Middle East and North Africa, has just been bought by Egypt’s RiseUp, the company behind MENA’s largest startup and entrepreneurship event RiseUp Summit. The acquisition also includes trackMENA, a new data platform by MENAbytes to help users track startups, VCs, investments and acquisition in MENA.

Here Is All You Need To Know

Founded in mid-2017 by Zubair Naeem Paracha, MENAbytes has quickly grown to become one of the leading startup media outlets of the Middle East & North Africa with hundreds of thousands of monthly page views.
MENAbytes has recently expanded its coverage to Pakistan and is looking to further expand it to Turkey and some other emerging markets.
Zubair, the solo entrepreneur who happens to be the only employee of MENAbytes, will join RiseUp as a result of acquisition and (continue to) lead MENAbytes, trackMENA and some other digital efforts of the company.
While remaining an independent media platform (with completely independent editorial)covering startups and technology ecosystem from MENA (and beyond), MENAbytes will also integrate with RiseUp’s digital content arm, strengthening the digital presence and reach of RiseUp in the region.
RiseUp will also utilize MENAbytes’ extensive network and resources to design a fully integrated platform dedicated to the RiseUp community of startups and the ecosystem.
The acquisition spearheads a full Q4 for RiseUp that will also feature more exciting announcements propelling the organization into a much wider, encompassing position in the regional startup ecosystem.
New regional events and expansions, products, and more acquisitions are planned for RiseUp’s Q4 and 2020, amplifying RiseUp’s role, responsibility, and exposure in the region.
In 2017 the daily startup news, content on raising capital or recent funding rounds, and articles that explored growing a company, increasing sales and reaching profitability were the three key topics or content types that the Australian startup ecosystem clicked on, searched for, and engaged with most on Startup Daily.

What Attracted RiseUp To MENAbytes

“We’re immeasurably excited about the opportunities MENAbytes will offer RiseUp. The acquisition, and working with Zubair, is the first big step in our vision of being a one-stop-shop for the entire spectrum of resources entrepreneurs and startups need to grow,”Abdelhameed Sharara, RiseUp’s CEO, said.

“I am very excited about becoming a part of RiseUp and working with Abdelhameed and the brilliant team there especially because of their vision of building a platform to offer every online and offline resource that an entrepreneur may need to grow their startup in MENA.”

“ “It made a lot of sense to partner with RiseUp. They want to build a platform with both online and offline resources for entrepreneurs in Mena and other emerging markets and that’s what I always wanted to do with MENAbytes,” said solo entrepreneur Zubair Naeem, founder of MENAbytes. “RiseUp already has the offline part figured out. And MENAbytes has been doing well on the digital front. Joining forces would help both the companies.”

Partnering up with RiseUp will open many new avenues for MENAbytes and trackMENA to build the largest startup news and data platform for the emerging markets,” he said.

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based Lawyer with special focus on Business Law, Intellectual Property Rights, Entertainment and Technology Law. He is also an award-winning writer. Working for notable organizations so far has exposed him to some of industry best practices in business, finance strategies, law, dispute resolution, and data analytics both in Nigeria and across the world.

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