Hope Ventures has co-invested $200,000 in Kuwaiti business Mushtari alongside Kuwait-based Rasameel Investments during episode 5 of Beban season 3.
Produced by Hope Ventures, the investment arm of Hope Fund, Beban is an entrepreneurship-themed reality show and the region’s 1st private-public investment platform through its partnerships with Khalifa Fund for Enterprise Development (UAE), the SME Development Authority (Oman), GFH Capital (Saudi Arabia), Zain Kuwait and Sabah Al Ahmad Centre for Giftedness and Creativity (Kuwait), and Tamkeen (Bahrain).
Mushtari is a one-stop platform for business owners, entrepreneurs, and investors that is on a mission to create accessible business opportunities for business owners, entrepreneurs, and investors across the region, co-founded by Abdulla Saleem and Waleed Saleem.
Commenting on the fundraising, Mr Saleem said: “Our journey took a thrilling turn when we secured an investment from the renowned Beban TV show. This was not just an injection of capital but a validation of our vision and a powerful endorsement of Mushtari’s potential. The Beban experience was invaluable, offering invaluable mentorship, exposure, and a platform to showcase our story to a wider audience.”
Following their co-investment, Fajer Al Pachachi, general manager of Hope Ventures, said: “I am excited to announce Hope Ventures’ strategic co-investment in Kuwait-based Mushtari. The company and its platform empower entrepreneurs to secure funding while enabling investors to forge diversified portfolios, ultimately catalysing liquidity within the market. This funding round will boost Mushtari’s operational capabilities and propel its expansion into untapped markets.”
The episode witnessed four eager entrepreneurs from across the GCC pitch to a panel of investors for the opportunity to seize investment and business opportunities.
Investors on the panel comprised avid investors from the private sector, including Hope Ventures, international early-stage investor Plug and Play represented by Louiza Chitour, Dakhil AlDakhil, chief executive of Kuwait-based Rasameel, and Waleed AlBallaa, general partner at Sukna Ventures.
Beban season 3 was filmed in Exhibition World Bahrain (EWB) and showcases 41 businesses from across the Mena region as they pitch in front of a panel of regional, reputable investors for equity investment and strategic business development opportunities that can accelerate the growth of these businesses into new markets.
A new episode of Beban will air every Wednesday of this month on Bahrain TV at 6pm. After the airing, the episodes are also available for viewing anytime on the video-streaming platform Shahid.
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