Procural and Parcel named Startup of the Year winners


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Procural, an artificial intelligence (AI)-driven business-to-business (B2B) procurement platform, and Parcel, a digital delivery service connecting businesses to on-demand drivers, were named joint winners of the second annual ‘Startup of the Year’ competition yesterday.

The prestigious award, organised by Bahrain’s sovereign wealth fund Mumtalakat and the Labour Fund (Tamkeen), saw the two companies selected after Mumtalakat assessed previous ‘StartUp Bahrain Pitch’ winners. Mumtalakat will now directly invest in both Procural and Parcel, subject to pre-approved terms.

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