Cafu and ekar top the list of startups with exceptional growth in the UAE

To be eligible, companies must be fully independent, privately owned, have 30 or more full-time employees, be 7 years old or younger, and be based in the country.

App-based car rental company ekarfuel supply and vehicle services company. Coffeeand sustainable sportswear and streetwear company. The generous movement have been rated as the top UAE startups that recorded exceptional growth in the last year, according to the latest study by professional network LinkedIn published on Wednesday.

Based on unique LinkedIn data, the annual study ranks the startups where professionals want to work, globally.

The study is based on four pillars: employment growth, commitment, job interest and attraction of the best talents.

To be eligible, companies must be fully independent, privately owned, have 30 or more full-time employees, be 7 years old or younger, and be based in the country on which they are listed. Startups that have laid off 20 percent or more of their workforce based on corporate announcements or reliable public sources between July 1, 2022 and the launch of the list are not eligible.

Dana Moukhallati, LinkedIn News Editorsaid automotive, food and beverage and fintech startups are designing their services to attract the UAE’s tech-savvy residents, who depend on their apps to solve their needs.

“Whether it’s delivering food, repairing your cars, or even managing your finances, these startups are keeping up with the rapid digital transformation that began during the pandemic and has continued its momentum. “The UAE is clearly a hub for some of the most diverse and progressive startups.”

she added.

The other companies that made it to the top 10 in terms of exceptional growth were Hubpay, Pure Harvest Smart Farms, Yolk Brands, YAP, Tabby, NymCard and Grubtech.

The UAE labor market has performed exceptionally well and demonstrated resilience amid difficult global challenges with a significant 49 per cent increase in hiring in August this year compared to August 2019 before the pandemic, it said LinkedIn.

“This resilience has also extended to the startup world, as companies on the list have demonstrated innovation and investment in top talent, signaling the opportunities that still lie ahead.”

He said.

News Source: Khaleej Times