The education solutions company’s experience and simple business plan come a cropper in the face of the founder’s growing list of missteps, made worse by an unforgiving funding landscape.
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Co-founder Walid Mansour and partner Ankit Sarwahi of Middle East Venture Partners talk about the big changes in the tech investing ecosystem, their fund’s trajectory and the million-dollar question of returns.
A mix of government facilitation, favourable location and rising student demand is seeing global institutions making a beeline for the region.
The recent spate of exits at the newly independent VC firm is not a surprise. It is a reset for a fund that’s so far operated as if it is special and now has to adjust to new realities.