Dubai-based tech startup raises $500,000 in seed funding
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Dubai-based tech startup raises $500,000 in seed funding

Dubai-based tech startup raises $500,000 in seed funding

The company was founded in July 2020 and now has over 50,000 users in Dubai alone is offering a unique pay per minute payment model

Zofeur

Zofeur, a Dubai-based tech startup has successfully raised seed funding of $500,000 in May 2021. The round was predominantly led by Zofeur’s customers turning as angel investors.

Zofeur is an on-demand pay-per-minute chauffeur services platform with no minimum usage commitment – be it 10 minutes, 10 hours or 10 days. Users can instantly hire personal chauffeurs through its mobile app.

The company was founded in July 2020 by two entrepreneurs, Bunty Monani and Ishrath Hasmin, who bootstrapped the company while working full time jobs. The app now has over 50,000 users in Dubai alone and also underwent a revamp in November 2021.

“Safe driver is a very old school term, but Zofeur is much more than that. Along with safe driver services, you can now hire chauffeurs to drop and pick up car from service, send your car for annual vehicle inspection, take you for a meeting and many more use cases,” said Monani, founder and CEO of Zofeur.

Hasmin, co-founder and COO added: “We visualise a world where everyone can have a personal chauffeur with one tap on your mobile. During our first year of business, we really focused on creating the best product for our customers, and now we have revamped the application. As a result, a large portion of our investment came from existing users and customers. We believe there is huge potential for Zofeur across the region and internationally. Our aim is to make chauffeur services, luxury service today, a daily necessity.”

Zofeur is set for international expansion in Q2 of 2022, starting with Saudi Arabia and Bahrain.

Meanwhile, the Middle East is becoming a popular investment location for both regional and worldwide investors. Young entrepreneurial innovation contributes considerably to overall productivity development. According to Wamda, investment growth has continued in the Middle East and North Africa region, with 44 startups raising more than $175m in April, up from $5m in March 2021.

Read: The growth of startups in the MENA region

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