Tech start-ups in Kuwait
Most of you have probably heard the great success story of Talabat, and how a group of Kuwaiti students in Egypt decided to get together and start one of the biggest online platforms for restaurants in the region. They then sold Talabat for KD 80,000, and it was resold again after five years for KD 50 million. We also saw Carriage successfully emerge from Kuwait and compete with Talabat, which was also sold to a German VC firm for an estimated $100-200 million.
We have seen other apps in Kuwait that have the potential to be as successful, like Yallawain, also from the food and beverage industry. Yallawain is an app that has features such as locating a restaurant near you, sharing menus and favorite dishes with friends, and contacting restaurants to pick up food or to book tables. Masbagti is a laundry app that allows you to manage your laundry, with pickup and drop off services.
I am really proud of this young generation that is extremely creative with establishing businesses, and I am really proud to have many tech start-up clients.