Startups (opens original source in a new tab)WamdaExits MENA acquires Avanz Capital Egypt in multi-seven-figure dealEgypt-based investment advisory platform Exits MENA, alongside Avanz Capital Egypt’s local management, has signed a multi-seven-figure deal to fully acquire private equity and asset management firm Avanz Capital Egypt (ACE). Founded in 2022 by Mohamed Abuelnaga Nagaty, Ayman El Tanbouly and Ahella El Saban, Exits MENA provides M&A, fundraising, investment readiness and advisory services to startups and SMEs. The transaction has received initial approval from Egypt’s Financial Regulat (opens original source in a new tab)19 August 2026
Startups (opens original source in a new tab)WamdaRozenama raises $150,000 pre-Seed to scale e-commerce platform across IraqIraq-based e-commerce startup Rozenama has raised $150,000 in a pre-seed round from Iraqi entrepreneur and Aljasmi Perfumes CEO Mohammed Haider. Founded in Baghdad by Abbas Muhil and Mohammed Fawzi, Rozenama provides an e-commerce platform for Iraqi merchants, integrating local delivery companies, payment methods and cash-on-delivery infrastructure. Rozenama says it has grown from 250 to more than 900 active merchants over the past 12 months and has more than 13,000 registered users. The funding (opens original source in a new tab)19 August 2026
(opens original source in a new tab)Startup DailyHow former theatre director Phil Morle became a startup visionaryPhil Morle turned theatre into deep-tech investing, exposing why startup hype is cheap and conviction costs. (opens original source in a new tab)Matt Jones·19 August 2026
(opens original source in a new tab)YourStorySwiggy shareholders greenlight proposal for Indian-owned company statusSwiggy also announced expanded leadership roles for three senior executives at its Instamart and Food Marketplace businesses. (opens original source in a new tab)19 August 2026
(opens original source in a new tab)YourStory10 Life lessons we understand only after making mistakesDiscover 10 important life lessons that become clear after mistakes, failures, and difficult experiences shape our growth and perspective. (opens original source in a new tab)19 August 2026
(opens original source in a new tab)Startup DailyQueensland beef genetics biotech Nybro doubles Seed round to $20 millionNbryo doubles its Seed round to $20m as Queensland bets on biotech to supercharge beef genetics, supported by QIC. (opens original source in a new tab)Simon Thomsen·19 August 2026
(opens original source in a new tab)SmartCompanyGoogle Drive is down for some users, disrupting Aussie workplacesGoogle is working to fix a technical issue affecting Google Drive, after widespread outages disrupted workplaces on Wednesday afternoon. The post Google Drive is down for some users, disrupting Aussie workplaces appeared first on SmartCompany. (opens original source in a new tab)David Adams·19 August 2026
(opens original source in a new tab)YourStoryPrivate equity firm KKR picks up minority stake in BookMyShowThe investment by KKR will enable BookMyShow to scale its live entertainment business division with the goal of bringing global artists to Indian audiences. (opens original source in a new tab)19 August 2026
(opens original source in a new tab)SmartCompanyLast Australian state makes Easter Sunday a public holiday despite business backlashThe state will recognise Easter Sunday as a public holiday despite warnings from business groups about closures and higher costs. The post Last Australian state makes Easter Sunday a public holiday despite business backlash appeared first on SmartCompany. (opens original source in a new tab)Ethan James·19 August 2026
(opens original source in a new tab)Startup DailyWiseTech shares plummet 10% after revealing ACCC search over alleged competition breachesWiseTech cops an ACCC raid over competition concerns and its shares crater 10%. (opens original source in a new tab)Simon Thomsen·19 August 2026
(opens original source in a new tab)SmartCompanyPermanent $20,000 instant asset write-off passes in ParliamentThe instant asset write-off allows eligible small businesses to instantly deduct the business-related portion of capital upgrades, up to a $20,000 limit. The post Permanent $20,000 instant asset write-off passes in Parliament appeared first on SmartCompany. (opens original source in a new tab)David Adams·19 August 2026
