UAE Car Rental Startup eZhire Raises Seed Funding From Jabbar Internet Group
By Sindhu Hariharan / Entrepreneur Middle East - Image Credit: eZhire
Dubai startup eZhire, an app that wants to change the way you rent a car, has raised an undisclosed amount of seed funding in a round led by Jabbar Internet Group. According to a statement by the company, investors Ali Al-Salim, co-founder, Arkan Partners, and Sahm A. Yaghi, Partner, Al Jal Investors were also part of the round. With plans to utilize the funds on marketing, expansion to other UAE cities, and to upgrade their IT infrastructure, eZhire aims to scale operations as an on-demand car rental app connecting renters to car rental companies. eZhire believes this model (of partnering with car rental companies) allows the startup “to operate somewhere in-between an old-school car rental company and a peer-to-peer [tech] service.”
“Jabbar Internet Group has a history and experience in investing in success stories,” notes Hassan J. Saduzai, co-founder and CEO, eZhire. “Aligning with them has put us on the map; their experience and guidance will provide additional boost to eZhire,” he adds. Saduzai says that Jabbar Group’s reputation, and the “humble and very understanding attitude” they have towards portfolio entrepreneurs, excites him about the association. As for the investors, Samih Toukan, Chairman, Jabbar Internet Group, says in a statement: "We see huge potential in eZhire, they are truly redefining the way people rent a car. They are the first of its kind in the region, people really needed an easy way to get a car, and we believe eZhire is the answer to it."
Source: entrepreneur.com