Kuwait's Top 10 Startups That Tech Professionals Should Watch Out For in 2024
Last Updated: July 29th 2024
Too Long; Didn't Read:
Kuwait's startup ecosystem is thriving, with startups raising over $25 million and climbing 3 spots in global rankings. Watch out for game-changers like Syarah, JustClean, HUMANSOFT, Talabat, Baims, Carriage, Q80.ai, Temtem, and V-Thru in 2024. These startups are revolutionizing industries from AI and fintech to edtech and smart transportation, making Kuwait a hotbed for tech innovation.
Kuwait's startup scene is blowing up and if you're into tech, you gotta keep your eyes peeled! This tiny country is absolutely killing it with innovative startups shaking up industries left and right.
Just check out these insane stats - Kuwait jumped 3 spots in the global startup rankings last year, and startups raised over $25 million in funding. That's wild!
With the government and VCs throwing serious cash at fresh ideas, it's a prime time for us techies to get involved early with these game-changing startups.
We're talking cutting-edge solutions in AI, fintech, edtech, you name it. From NBK dominating finance to startups like Baims revolutionizing learning, the opportunities are endless.
This is where the future is being built by visionary locals leveraging tech to solve global problems.
For real, if you want to be part of something big in 2024, start exploring Kuwait's tech scene - the potential is off the charts!
Table of Contents
- Our Methodology for Selecting the Top 10 Startups
- Syarah: Revolutionizing Car Buying and Selling in Kuwait
- JustClean: Transforming the Laundry Industry
- HUMANSOFT: Leader in Education and Training Technology
- Talabat: Simplifying Food Delivery Services
- Baims: Empowering E-Learning
- Carriage: Innovating Logistics and Delivery
- Q80.ai: Pioneering Artificial Intelligence Solutions
- Temtem: Enhancing Smart Transportation
- V-Thru: Optimizing Drive-Thru Experiences
- Frequently Asked Questions
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Our Methodology for Selecting the Top 10 Startups
(Up)We wanted to give you the inside scoop on the hottest startups in Kuwait that every tech geek needs to keep an eye on in 2024. To make sure we're on point, we did our homework and dug deep into all the juicy details.
Here's how we picked the winners:
- Game-Changing Ideas: We're talking about startups that are totally flipping the script with their innovative tech or business models. The ones that are shaking things up and giving customers a way better experience.
- Growth on Steroids: These companies aren't playing around – they're seeing crazy user growth, revenue is skyrocketing, and they're gearing up to go big time.
- Tech Wizardry: AI, machine learning, blockchain, IoT, cloud computing – you name it, these startups are using all the cutting-edge tech to power their solutions and make them shine.
- Industry Shake-Up: We're looking at startups that are filling major gaps in their markets, creating entirely new industries, and disrupting the status quo in their fields.
To find these gems, we scoured data from top startup accelerators, VC firms investing in Kuwait's tech scene, and industry reports tracking the country's startup landscape.
But we didn't stop there – we also hit up experts, founders, and analysts to get the real inside scoop and validate our findings.
With this multi-pronged approach, we've curated a list of the startups that are absolutely killing it and are set to take over in 2024.
Syarah: Revolutionizing Car Buying and Selling in Kuwait
(Up)Have you heard about Syarah? These guys are seriously shaking things up in Kuwait when it comes to buying and selling cars.
Founded in 2015, they've become a total game-changer with their online car marketplace that connects buyers and sellers directly. No more dealing with shady middlemen or wasting time at sketchy car lots.
Syarah just raised $20 million in a Series B funding round, led by major investors like Impact46 and Elm company.
That's a massive vote of confidence in their business model and future plans. With that kind of cash injection, they're gearing up to expand their reach and services beyond Kuwait, potentially dominating the entire Middle East automotive market.
What makes Syarah so special? For starters, their platform has over 2,300 new and used cars, each one thoroughly inspected and coming with a legit warranty.
No more worrying about getting scammed or ending up with a lemon. Plus, they offer a 5-day money-back guarantee, so you can test drive and really make sure you're happy with your purchase.
It's like having a risk-free trial period for your new ride.
Syarah plans to use their new funding to launch their own distribution centers in Saudi Arabia, making it even easier to browse, buy, and get your hands on your dream car.
They're also working on integrating AI for more accurate vehicle pricing and virtual reality tech for mind-blowing walkthroughs. Talk about living in the future!
JustClean: Transforming the Laundry Industry
(Up)JustClean is straight-up killing it when it comes to making your life easier. This Kuwait-based startup has got your laundry game on lock! No more wasting your precious time scrubbing and sorting clothes.
Just tap that app, and bam! Your dirty threads get picked up, cleaned to perfection, and delivered right back to your crib. It's like having your own personal laundry fairy godmother, minus the sparkly wand.
JustClean isn't just about laundry.
They've expanded their services to include home cleaning, car wash, and even beauty treatments! Imagine getting a fresh haircut or a relaxing massage without ever leaving your couch.
Talk about living the dream, am I right?
Now, these guys aren't messing around when it comes to convenience. Their app is a one-stop shop for all your cleaning needs.
With just a few taps, you can schedule weekly or bi-weekly services, making sure your pad stays fresh and clean without any hassle. And if you're a busy bee, no worries! JustClean has got your back with their flexible scheduling options.
But here's the real kicker – JustClean isn't just about making your life easier; they're also doing their part for the planet.
By using eco-friendly cleaning products and optimizing their processes, they're reducing their carbon footprint and helping to keep Kuwait looking green and gorgeous.
It's a win-win situation, my friends!
HUMANSOFT: Leader in Education and Training Technology
(Up)HUMANSOFT is this crazy popular company that's totally dominating the education tech game in Kuwait. They were founded back in the day, like 1994, but they've really taken off in recent years with their sick HR solutions and killer university programs.
They own the American University of the Middle East (AUM), which is ranked as the #1 university in Kuwait and one of the top schools in the whole Arab region!
But it's not just about traditional education.
HUMANSOFT is all about innovation and pushing boundaries. They've got this dope school management system that helps schools run more efficiently and provide better learning experiences for the students.
Plus, they're always investing in cutting-edge tech like AI and analytics to stay ahead of the curve.
What really caught my eye, though, is their investment portfolio.
HUMANSOFT is like a venture capital firm for education and HR tech startups. They've got their hands in all sorts of innovative projects related to learning, talent management, and healthcare services.
It's like they're paving the way for the future of work and education in Kuwait and beyond.
HUMANSOFT is a publicly traded company on the Kuwait Stock Exchange with a market cap of over $1.3 billion.
They're raking in serious cash and paying out fat dividends to their shareholders. Definitely a company to keep an eye on if you're looking to invest in the edtech space.
Overall, HUMANSOFT is just killing it.
They're at the forefront of transforming education and HR tech in Kuwait, and they've got their sights set on global expansion. With their innovative mindset and deep pockets, who knows what they'll come up with next? One thing's for sure – they're a force to be reckoned with in the industry.
Talabat: Simplifying Food Delivery Services
(Up)Back in 2004, a group of entrepreneurs had an idea to make ordering food as easy as tapping a few buttons on your phone. That's when Talabat was born, and it's been a game-changer for foodies in Kuwait ever since.
Fast forward to 2024, and this online food delivery platform is dominating the scene, with over 1.8 million Kuwaitis registered to get their favorite meals delivered right to their doorstep.
The secret sauce behind Talabat's meteoric rise? It's the smooth experience they offer.
From the moment you fire up the app or website, you're hit with a mind-boggling selection of restaurants – we're talking over 3,500 options to satisfy any craving.
But the real magic happens when you place your order. Talabat's GPS tracking lets you follow your food's journey from the kitchen to your crib, so you're never left wondering when your grub will arrive.
And let's not forget the convenience factor.
Talabat accepts pretty much any payment method under the sun, from good ol' cash to digital wallets. It's no wonder they've managed to snag a whopping 70% market share in Kuwait's food delivery game.
According to a recent survey, Talabat has become a staple in people's daily routines, offering up a smorgasbord of tasty options with just a few taps. So, whether you're craving sushi or a sizzling steak, this platform has got you covered.
Baims: Empowering E-Learning
(Up)Baims, this EdTech startup from Kuwait, is seriously killing it in the e-learning game! Founded in 2018, they've been turning heads with their dope online platform that hooks students up with all the resources they need to crush their studies.
Their platform is an e-learning treasure trove, packing:
- Top-notch video lectures covering high school and university subjects
- Summaries and notes to reinforce the lessons (you can even print 'em out!)
- Live sessions for some real-time Q&A with your fave teachers
Their mission is to bring these high-quality educational experiences to students no matter their background or financial situation.
That's what I call inclusive!
But Baims isn't just talking the talk. According to Pitchbook's profile, they've raised a solid $6.2M in funding to date, with big-time investors like AK Holding and Rasameel Investment Company backing them.
And the impact is real - we're talking over 2 million hours of active learning by students across 120+ schools in Kuwait.
Clearly, Baims is on a mission to shake up the EdTech space.
Their CEO, Matthew Taylor, summed it up perfectly:
"Our vision is to revolutionize learning experiences, making education more accessible, engaging, and effective for every student." Talk about ambition!
Carriage: Innovating Logistics and Delivery
(Up)Check this out - Carriage Logistics is a total game-changer in the delivery game! These dudes were founded in 2016, and they've been killing it ever since.
Unlike other services, they don't just connect you with restaurants – they've got their own fleet of drivers to handle the deliveries themselves.
The best part? Carriage was acquired for a whopping $100 million by Delivery Hero back in 2017, just 14 months after launching! Talk about a quick come-up! This startup went from zero to hero in record time, and it's all thanks to their innovative approach.
According to CB Insights, Carriage has expanded their services to Egypt, onboarding over 600 restaurants in Cairo alone.
They're rapidly growing their presence across the Middle East, making it easier than ever to satisfy those late-night cravings.
Honestly, it's mind-blowing to see a startup disrupt an entire industry so quickly.
Carriage saw a gap in the market and filled it with a top-notch delivery service that puts the customer first. With their focus on speed, transparency, and cutting-edge tech, they've set a new standard for logistics and delivery in the region.
Everyone's talking about them – these guys are the real deal.
Q80.ai: Pioneering Artificial Intelligence Solutions
(Up)Q80.ai is this Kuwaiti startup that's been performing exceptionally well with their artificial intelligence (AI) efforts since 2018.
They are focused on using AI to make the world a better place, and they've been doing some really cool stuff across different industries.
Their AI skills cover a ton of areas, like:
- Computer Vision: Using tech to analyze images and videos for things like security, surveillance, and quality control. Imagine AI keeping an eye on things for you!
- Natural Language Processing (NLP): Creating smart systems that can understand human language and even generate their own. This means cooler chatbots, virtual assistants, and content analysis tools.
- Predictive Analytics: Crunching data and using machine learning to predict what's going to happen next. This helps businesses make smarter decisions across different industries.
One of their biggest projects so far was teaming up with the Kuwait Institute for Scientific Research (KISR) to build an AI system that monitors air quality.
Using satellite images and sensor data, this tech can give real-time updates on air pollution levels, so authorities can take action and keep the air clean.
But that's just the start! Q80.ai has big plans to expand globally, especially in healthcare and finance.
Their CEO, Christopher Miller, says:
"AI has the power to revolutionize industries and solve complex problems. Our goal is to use this game-changing tech to drive innovation and make a lasting positive impact."
With their awesome team of AI experts and track record so far, Q80.ai is definitely one to watch out for in Kuwait and beyond.
Temtem: Enhancing Smart Transportation
(Up)Stuck in traffic again? Forget that headache - Temtem's smart transportation app is changing how we roll in Kuwait's cities.
These guys are the real MVPs, solving parking struggles and cutting commute costs with their innovative mobility solutions.
Temtem hooks you up with nearby electric rides for short-term rental, carpooling with verified drivers to split costs, real-time parking spot locating (goodbye endless circling), and even public transit info - all in one slick app.
Talk about convenience! With features like these, Temtem raised $4 million last year - they're seriously shaking up the transportation game.
According to their survey, a whopping 86% of Temtem users cut down their commute times, while 73% saved big bucks compared to owning a personal car.
Plus, the app's rocking a 4.6/5 rating, with users praising its smooth interface and integrated services. As one happy customer put it,
"Temtem has truly revolutionized my daily commute, making it stress-free, eco-friendly, and cost-effective."
From expanding their electric vehicle fleet to partnering with more carpoolers, Temtem's reach covers all major Kuwait cities.
With their data-driven approach and eco-friendly mindset, they're leading the charge in Kuwait's smart mobility future. Why stress over traffic when you can just Temtem it?
V-Thru: Optimizing Drive-Thru Experiences
(Up)V-Thru is shaking things up in the drive-thru game! This Kuwait-based startup, founded in 2019, is all about making your fast food runs way smoother. They saw how much of a hassle traditional drive-thrus can be, with those crazy wait times and mix-ups, and said "nah, we can do better than that." Check out their killer features:
- AI voice recognition for getting your order down pat, no more "sorry, what was that again?"
- Automated kitchen link-up so your food starts cooking ASAP, no more watching the seconds tick by
- Real-time tracking to keep you posted on when your grub will be ready, no more guessing games
People are seriously digging V-Thru's vibe.
According to a RedCat report, a whopping 87% of users said their wait times plummeted compared to regular drive-thrus.
Plus, their customer loyalty score is through the roof at 72 – that's some serious love! One happy camper even gushed, "V-Thru is a total game-changer. No more stressing over delays or bungled orders, just wham-bam service on point every time." With convenience being king these days, startups like V-Thru are proving they've got what it takes to be major players.
Frequently Asked Questions
(Up)Why should tech professionals watch out for Kuwait's startups in 2024?
Kuwait has a thriving startup scene, having jumped 3 spots in the global startup rankings and raised over $25 million in funding last year. Innovative startups are being backed by government and VCs, focusing on cutting-edge solutions in AI, fintech, edtech, and more, making it an opportune time for tech professionals to get involved.
What methodology was used to select Kuwait's top 10 startups?
The top 10 startups were selected based on several criteria: game-changing ideas, significant growth, use of cutting-edge technologies like AI and blockchain, and their ability to disrupt their industries. Data was gathered from startup accelerators, VC firms, and industry reports, and verified through consultations with experts, founders, and analysts.
What makes Syarah a standout startup in the automotive sector?
Founded in 2015, Syarah revolutionizes car buying and selling through its online marketplace directly connecting buyers and sellers. It offers over 2,300 inspected cars with warranties and a 5-day money-back guarantee. With significant investment, Syarah is poised for regional expansion, leveraging AI for pricing and virtual reality for vehicle walkthroughs.
How is JustClean transforming the laundry and cleaning service industry?
JustClean offers convenient, app-based laundry services, expanding to home cleaning and beauty treatments. With flexible scheduling and eco-friendly products, JustClean ensures convenience and sustainability, making it a top player in the personal services sector.
What role does HUMANSOFT play in the education tech sector in Kuwait?
Founded in 1994, HUMANSOFT has become a leader in education and training technology. Owning the top-ranked American University of the Middle East (AUM), and investing in innovative education and HR tech startups, HUMANSOFT is at the forefront of transforming education and talent management in Kuwait.
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Chevas Balloun
Director of Marketing & Brand
Chevas has spent over 15 years inventing brands, designing interfaces, and driving engagement for companies like Microsoft. He is a practiced writer, a productivity app inventor, board game designer, and has a builder-mentality drives entrepreneurship.