GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Event and Exibitions

    Share

Wrappup (Voicea) represented the UAE last year at The Global Student Entrepreneur Awards (GSEA) GSEA, which is hosted by Entrepreneurship Organisation (EO) on an annual basis


Dubai, United Arab Emirates, 11th September 2019: The startup ecosystem in Middle East & North Africa continue to grow. 2018 was big and 2019 has turned out to be bigger with tech and tech-enabled companies in the region maturing rapidly. 


In line with the same, Wrappup - a Dubai-based AI voice-to-text note-taking startup, which was acquired by Voicea last year, announced that Cisco, has acquired California-based Voicea. Wrappup (Voicea) represented the UAE last year at The Global Student Entrepreneur Awards (GSEA) GSEA, which is hosted by Entrepreneurship Organisation (EO) on an annual basis.


The Global Student Entrepreneur Awards (GSEA) is the premier global competition for students who own and operate a business while attending college or university. The Entrepreneurs' Organizations' (EO) leadership of the GSEA program began in 2006, and since then, student entrepreneurs have tapped into the collective knowledge and experience of EO members, gaining access to global networks and to a community that understands passion, struggle, drive and success. The program's mission is to inspire students to adopt entrepreneurial endeavors by bringing global visibility to student business owners whose companies adhere to high ethical standards, are innovative, profitable and socially responsible. 


Wrappup's team including all the three co-founders; Rami Salman, Ayush Chordia and Rishav Jalan, who had opted for Voicea's stocks instead of taking cash as a result of the acquisition are thrilled with the Cisco's decision to acquire the company.


Commenting on the achievement, Rishav Jalan, said, “We are very thankful to Entrepreneurs' Organizations' (EO) leadership of the GSEA program. It was a great experience being a part of this competition. We not only had the access to network and gain guidance from local and international entrepreneurs but also had an opportunity to connect with fellow entrepreneurs, which served as a major milestone in carving a niche for our startup.”


In addition to being acquired by Cisco, Wrappup (Voicea) was also incubated at IN5 – a platform that provides entrepreneurs and professionals of all disciplines and career levels access to a comprehensive suite of benefits for promotion, talent development, business support in addition to workspace, facilities and equipment.


 “It's been a great journey for us, starting from a prototype built in a 24 hour Hackathon to now with Cisco getting the opportunity to impact millions of users with the product we built. In this journey, we were fortunate to get a lot of support from the local community and in5 in particular which has been Wrappup's home from start and helped us scale our startup and connect with mentors and other entrepreneurs,” added Rishav.


Commenting on the deal, Ammar Al Malik, Managing Director of Dubai Internet City (DIC) and Dubai Outsource City (DOC) said: “In the tech industry, building the right connections and capabilities is paramount. Cisco's acquisition of Voicea – which had acquired in5's Wrappup last year – is proof of that. As Dubai Internet City is home to tech companies of all sizes, the deal illustrates the power of universally scalable ideas that are supported by strong networks. We hope this encourages further world-class innovation within our local start-up scene, and we congratulate all teams involved on their success.”


It has been noted that Middle East has experienced a steady growth in the number of startups over the past five years. Studies indicate that the deal volume increased by 80 percent from 2015 and 3 percent from 2017 to 366 deals in 2018, according to an annual VC report by Dubai-based Magnitt.

 



Posted by : GoDubai Editorial Team
Viewed 7257 times
Posted on : Wednesday, September 11, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Saxophone night with a view!
Next Story : Colourful Onam Festivities to Kick-start at Arabian Center
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Beachy Brows Just in Time for Eid Al Adha Holiday
Mohammed bin Rashid Approves Board and Advisory Council of Dubai International C...
Ace these Top Five Summer Beauty Looks with Flormar
Legend Spa Launches Kids Spa Pop-Up at Modhesh World
Now Open: Union Coop's Al Barsha South Center is Finally Here!
Jawhara Jewelery Launches Your Eidiya Is From Jawhara Campaign
5 Outfits to Host Guests in Style and Comfort
Dubai Summer Surprises Flash Sale Offers Huge Savings Up to 90 Per Cent Off for ...
HAYAWIIA, A Female Emirati Owned Exclusive Online and Instore Health and Wellnes...
ADCB Q2/h1 2021 Financial Results Press Release
Sharjah Summer Promotions: Up to 80% off during Eid al-Adha Holidays
Team Abu Dhabi Crowned World Endurance Champions For Second Time in a Row
DHA Announces Timings of Healthcare Facilities during the Eid Al Adha Holidays
Team Abu Dhabi Take Major Step Towards Another World Endurance Title
Samsung Launches Latest Generation of ‘The Frame' in the UAE
Emirates Mars Mission Marks Busy First Year
SEHA COVID-19 Drive-Through Services Center will Open with Regular Working Hours...
Unstoppable Capability: Land Rover Defender Supports Red Bull X-Alps Champion Maurer
Pogacar Dominates Tour De France With Back-to-back Wins in the Pyrenees
Ulissi and Riabushenko Shine in Settimana Ciclista Italiana
Cycling Community Brings Energy to Yas Marina Circuit
Sunsets to Remember @ OSH with 50% off!
Herman Miller and Knoll Announce New Name: MillerKnoll
Sony's BRAVIA XR TV with Cognitive Processor Redefines Immersive Experience for ...
Tadej Pogacar Makes History as Back-to-back Tour De France Champion
Al Masaood Automobiles' Al Mussafah service centre receives Nissan Express Servi...
Aesop's Parsley Seed Essentials - Your New Skincare Routine Favourites
5th Al Dhaid Date Festival begins at Expo Al Dhaid
Standard Chartered Global Focus Q3 2021: Navigating a Vulnerable Recovery
Breathe Easy with the New Ranges from Crate & Kids
You Know About the Diamond 4cs, but There Is Another ‘c' You Should Know About —...
Jaguar Racing ‘Clones' Takeover Iconic London Underground Ahead of Heineken Lond...
Sharjah Chamber, South Korea Explore Fostering Economic Ties
MAX&Co. FW21
Galaxy Ecosystem Excellence Emphasized through the Galaxy Tab S7 FE's Brilliance
SEHA Introduces Specialized Saturday Clinics Across the Network
Live from BMW Welt: The Esports Industry Assembles Virtually at BMW Esports Boos...
My Take On FTH's Vegan Meat Range From Future Farms