(MENAFN)A scooter startup firm, Fenix set USD5 million in seed funding, with USD1.2 million coming from Saudi business enterprise capital firm Emkan Capital.
Fenix witnessed fast expansion in the region, inaugurating in two countries and four cities in less than three months of operations, since its begin in Nov. 2020
Founders Jaideep Dhanoa and IQ Sayed gathered at Dubai-based ride-hailing company Careem, where they ran as senior director of expansion and strategy, and vice president of engineering, respectively.
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