Hope Ventures Co-Invests in Kuwaiti Business Mushtari

Hope Ventures, the investment arm of Hope Fund and producer of the Beban TV show, co-invests US$200,000 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.

Abdulla Saleem, CEO of Mushtari, said that expressed his pride in the Beban TV show and the invaluable mentorship, exposure, and platform it offered to showcase their story to a wider audience.

"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", 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."

Fajer Saleh Al Pachachi, General Manager of Hope Ventures, affirmed the importance of supporting promising entrepreneurs with scalable businesses through Beban and Mushtari.

"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," she added.

"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."

Dakhil AlDakhil, CEO of Rasameel Investments underscored the company's commitment to investing in opportunities that can deliver exceptional value and drive transformative growth.

"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, AlDakhil said".

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.