CargoX, a UAE autonomous delivery startup, has raised $250 million led by BlueFive Capital to scale driverless logistics in Abu Dhabi and Dubai.
@Harveen_A writes for @MorningContext. Check comments section for story link.
While Pine Labs saw its first full year of profitability in FY26, the real progress will depend on whether it can continue to prove that it’s more than a POS company.
@MorningContext@sonalch10
https://t.co/Jp5usUIieI
Pine Labs would have you focus on its first ever profit. I believe a better number is their declining revenue in the last quarter.
Revenue fell, profit came through almost like a miracle waiting to unfold itself at the most opportune moment. In @MorningContext@sonalch10
There is no bigger hurry than the hurry of spending cash. That's where Uber finds itself now. Lots of money to buy lots of new things.
There's a fresh wave of consolidation in food delivery in the Middle East, Turkey and Europe.
In @MorningContext@djmaanav@Harveen_A
-A quarter of a billion dollars for a UAE driverless delivery startup.
-Gulf money in AI public listings.
-Abhu Dhabi's rent freeze.
In @MorningContext The Gulf Report @Harveen_A
Uber's latest deals show a growing focus on building a larger delivery empire. Whether it can turn that scale into lasting profits remains the key question.
@djmaanav writes for The Morning Context. Check comments section for the story link.
Pine Labs' profit milestone masks weak underlying growth. Much of the earnings boost came from costs and other income, not core business strength.
@sonalch10 writes for The Morning Context. Link to the story is in the comment section.
CargoX, a UAE driverless delivery startup, has raised $250 million led by BlueFive Capital. The early-stage bet will help scale autonomous logistics operations across Abu Dhabi and Dubai.
@Harveen_A writes for The Morning Context. Check comments for story link.
Quick commerce speed is fuelling spoiled-goods complaints from dark stores. Blame is split across platforms, operators and regulators, leaving accountability unclear.
@goyalhiral Writes: https://t.co/kdkPhEt1iN
As mutual funds broaden their role in finance, regulation must keep pace. The industry’s future will hinge on trust as much as growth.
@CharuSingh_345 Writes: https://t.co/YBGNRkK8VZ