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Hemant Bakshi’s departure four months into the job comes amid a restructuring exercise at the ride-hailing company.

CargoX gets a $250 million cheque from a prominent investment firm; the Gulf is shining in the upcoming American tech IPOs; and Abu Dhabi has hit pause on rental increases.
The country’s top VC funds are flush with new fundraises. They must now find opportunities to invest, but that’s easier said than done.
A series of new investments earmarked for India, good and bad news from Saudi Arabia and AI deals at Davos, among other updates.