Hope Ventures Invests in Bahraini Startups On Beban Platform
Right Calories and Motolines startups were featured on an entrepreneurship-themed reality TV show.
Hope Ventures, the investment arm of Hope Fund, has announced its investment in two Bahrain-based startups, Right Calories and Motolines, facilitated by Beban, the region's private-public investment platform featured on an entrepreneurship-themed reality TV show.[1]
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Right Calories, a Bahraini healthy restaurant renowned for its accurately calculated nutrition and affordable, high-quality meals, secured an investment of $265,000 from Hope Ventures. Founded by Abdulla Sulaibeekh, Right Calories offers a diverse range of services, including a la carte options, meal planning and prep, and catering services.
Motolines, an e-commerce platform connecting customers with vendors in the automotive parts and services sectors, also received backing from Hope Ventures, securing $82,000 in funding. Co-founded by CEO Ahmed Ashoor, Motolines is set to revolutionize the automotive industry with its seamless digital marketplace.
Beban, the region's private-public investment platform, is a collaborative effort involving partnerships with entities such as the UAE's Khalifa Fund for Enterprise Development, the Omani SME Development Authority, KSA's GFH Capital, Zain Kuwait, the Kuwaiti Sabah Al Ahmad Center for Giftedness and Creativity, and the Bahraini Labor Fund Tamkeen.
Filmed at the Exhibition World Bahrain (EWB), Beban season 3 showcases 41 businesses from across the MENA region, offering them the opportunity to pitch to a panel of regional investors for equity investment and strategic business development opportunities to foster growth and expansion into new markets.