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Top Backer of Dubai App Fetchr Warns Startup Faces Liquidation

  • BECO Capital says company is insolvent, mulls liquidation
  • Global investors have recently joined funding deals in Gulf

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Dubai courier app Fetchr, once among the Middle East’s most promising startups, is considering filing for liquidation after becoming “insolvent” because of a disputed tax bill in Saudi Arabia, according to one of its top investors.