One of Middle East’s Largest Startups Narrowly Averts Collapse
- Dubai-based Fetchr gets $10 million in emergency financing
- Courier app was valued at $300 million during 2017 fundraising
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Courier app Fetchr, once one of the Middle East’s largest startups, raised as much as $10 million in emergency funding to help avoid collapse.
The Dubai-based company, which offers delivery and logistics services to e-commerce firms, is also in the process of securing as much as $25 million in additional funding to turn the company around, according to people with knowledge of the matter.