Hope Ventures, the investment arm of Hope Fund and producer of Beban TV show, co-invests USD 200k in Kuwaiti business Mushtari, alongside Kuwait-based ‘Rasameel Investments’ through episode 5 of Beban Season 3 which aired on the region’s first and biggest video-on-demand platform ‘Shahid’ for free, Bahrain TV, SBC Channel, AlRai TV, and Oman Culture TV.
Mushtari is a one-stop platform for business owners, entrepreneurs, and investors that is on a mission to create accessible business opportunities for business owners, entrepreneurs, and investors across the region, co-founded by Abdulla Saleem and Waleed Saleem.
Commenting on their successful fundraising through Beban TV show, Abdulla Saleem, CEO of Mushtari, said: “Our journey took a thrilling turn when we secured an investment from the renowned Beban TV show. This was not just an injection of capital but a validation of our vision and a powerful endorsement of Mushtari’s potential. The Beban experience was invaluable, offering invaluable mentorship, exposure, and a platform to showcase our story to a wider audience.
He added: “Today, Mushtari stands poised for exponential growth, fueled by the Beban investment and the unwavering commitment of our team. We are driven by a passion for empowering entrepreneurs and building a thriving and leading marketplace that fosters success and opportunities for all.”
Following their co-investment, Fajer Saleh Al Pachachi, General Manager of Hope Ventures, said: “I am excited to announce Hope Ventures’ strategic co-investment in Kuwait-based ‘Mushtari.’ As Hope, we facilitate co-investment opportunities for promising entrepreneurs with scalable businesses through Beban, and Mushtari aligns with our core mission. The company and its platform empower entrepreneurs to secure funding while enabling investors to forge diversified portfolios, ultimately catalyzing liquidity within the market. This funding round will boost Mushtari’s operational capabilities and propel its expansion into untapped markets.”
While Dakhil AlDakhil, CEO of Rasameel Investments, said: “At Rasameel, our commitment to investing in robust and scalable businesses runs deep. We seek out opportunities that possess the potential to deliver exceptional value and drive transformative growth. With great excitement, we announce our latest venture besides Hope Ventures: a strategic investment in Mushtari, a marketplace that has proven itself to be a catalyst for success for business owners, entrepreneurs, and investors throughout the region.”
The episode witnessed four eager entrepreneurs from across the GCC pitch to a panel of investors for the opportunity to seize investment and business opportunities. Investors on the panel comprised avid investors from the private sector, including Hope Ventures, international early-stage investor Plug and Play represented by Louiza Chitour, Dakhil AlDakhil, CEO of Kuwait-based Rasameel, and Waleed AlBallaa, General Partner at Sukna Ventures.
It is noteworthy to mention that the Beban TV show is the region’s 1st private-public investment platform through its formed partnerships with Khalifa Fund for Enterprise Development (UAE), the SME Development Authority (Oman), GFH Capital (KSA), Zain Kuwait and Sabah Al Ahmad Center for Giftedness and Creativity (Kuwait), and the Labor Fund Tamkeen (Bahrain).
Beban season 3 was filmed in the Middle East’s newest exhibition and convention center, Exhibition World Bahrain (EWB), and showcases 41 businesses from across the MENA region as they pitch in front of a panel of regional, reputable investors for equity investment and strategic business development opportunities that can accelerate the growth of these businesses into new markets.
A new episode of Beban will air every Wednesday of this month. You can watch the next episode airing on February 7, 2024, on Bahrain TV at 6 PM (+3GMT), Oman TV Cultural at 9:10 PM (+3GMT), AlRai TV at 9:30 PM (+3GMT), SBC Channel at 10 PM (+3GMT), Saturday at 5:30 PM (+3GMT) on Abu Dhabi TV, or anytime on Shahid.
Beban Season 3 recognizes its Country Partners, Khalifa Fund for Enterprise Development (UAE), the SME Development Authority (Oman), GFH Capital (KSA), Zain Kuwait and Sabah Al Ahmad Center for Giftedness and Creativity (Kuwait), and the Labour Fund Tamkeen (Bahrain) and sponsors, Gulf Air, Asia Jewellers, Ahlan App, AlZayani Motors, Exhibition World Bahrain, Kuwait Finance House – Bahrain, TRACCS Bahrain, Bapco energies, and Gulf Media International for their affirmed commitment to empowering regional entrepreneurs and accelerating their growth through investment, knowledge, and access to business opportunities.
To stay up to date with Beban, make sure you follow the show’s accounts on social media @bebanme.
