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YallaHub Teams Up With Lapochka For Future UAE Expansion

The quick-commerce as a service platform will allow the drink producer to distribute its revolutionary AI-generated lemonade in new UAE markets.

Published

3 months ago

April 16, 2024

Nour Nasir

YallaHub

YallaHub, a leading “quick-commerce as a service” (QAAS) platform, has partnered with drinks producer Lapochka to add artificial intelligence to its product development and aid plans for UAE expansion. The partnership will utilize YallaHub’s full suite of services, including fulfillment, logistics, payment gateway integration, customer support, and last-mile delivery.

Lapochka recently hit the headlines after launching a groundbreaking AI-generated lemonade. The company’s beverage makers used a neural network to analyze consumer preferences, sales data, and reviews to craft the perfect soft drink recipe. The resulting concoction sticks to the brand’s commitment to natural ingredients and features an eye-catching “robot apple” design concept.

“We are constantly seeking methods to surprise and delight our customers with unique and innovative products,” explained Lapochka CEO Anton Balyklov. “This AI-created beverage allows us to introduce consumers of all ages to the latest technologies in a fun and delicious way. Partnering with YallaHub empowers us to potentially expand our reach and share this exciting innovation with a wider audience in the MENA region”.

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The partnership between YallaHub and Lapochka aims to push the boundaries of the beverage industry. With a strong focus on natural ingredients and refreshing taste, the new AI-designed beverage should also be a perfect fit for the booming UAE drinks market — projected to hit $23.2 billion in value by 2025.

By combining Lapochka’s new-found expertise in AI-driven product development with YallaHub’s established MENA presence, the collaboration could potentially revolutionize consumer experience across the region. By the end of 2024, Lapochka plans to establish itself in several major UAE marketplaces, hoping to achieve sales of over 100,000 cans per year.

Related Topics:Artificial Intelligence YallaHub

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Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

Published

2 days ago

July 25, 2024

Nour Nasir

Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

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Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.