Tuesday April 23rd, 2024
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Value of Dubai-Based Yegertek Rises to $6.25M After Latest Investment

Customer engagement, employee engagement, and customer loyalty solution provider Yegertek will use the funding from NB Ventures to supercharge the next phase of the tech startup’s growth.

Startup Scene

Dubai-based CRM tech startup, Yegertek, has raised an undisclosed amount of funding from Indian Venture Capital firm NB Ventures, raising the customer experience tech solutions provider to a valuation of USD $6.25 million.

Founded in 2017, Yegertek uses emerging technologies in Machine Learning, AI, Chatbots and Beacons to develop and deliver data-led CRM, eCommerce and Mobility solutions for their clients. Focussing their efforts on improving customer experience and loyalty for businesses operating across the GCC and India, the tech startup’s list of clients include big brands such as Harvey Nicholls, Carrefour, Bianca & Bianco as well as Malta’s leading ride hailing service, eCabs.

“With a constantly increasing portfolio of high profile clients driving our rise, the funding from NB Ventures comes at the perfect time for Yegertek”, says Sajid Azmi, Founder and CEO of Yegertek. “Businesses are realising the power of engaging effectively with loyal customers and employees, using appropriate digital tools that leverage state-of-the-art technologies.”

As Yegertek’s success has been growing over the last four years, their latest investors have also been prospering with their endeavours. Known for using their sharp calculation skills to identify disruptive startups, NB Ventures have funded a number of successful businesses such as India-based Bigspoon, Teabox, Webengage, and Sirona Hygiene; Canada’s KloveChef (IOK Labs); Dubai’s own Clip the Deal and more.

Speaking of the VC’s recent investment, managing director Neelesh Bhatnagar stated “NB Ventures has always backed startups and companies that leverage technology to differentiate themselves. The reason behind us selecting Yegertek for funding is simple; we see their solution as having the potential to dramatically empower growth across business verticals in the region.”


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