Tag Archives | Snapp

Israeli Tech puts Iranian Startups in Bind

By Bijan Khajehpour, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Israeli tech puts Iranian ride-hailing startups in bind Iran’s recent decision to once again block Waze, a mobile navigation app developed in Israel, has created a great deal of controversy in the country. The […]

Iranians rail against Apple, Google over pulling of Apps

By Holly Dagres, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Imagine trying to hail an Uber on a street corner only for the Uber app on your iPhone to suddenly stop working. That’s what happened to some Iranians when Apple pulled Snapp, a popular […]

MTN’s IIG Expands 40-fold

By John Lee. South African telco MTN has given an update on its operations in Iran. In its financial results for the year ended 31 December 2016, the company said its MTN Irancell benefited from the country’s youthful demographics and higher smartphone penetration. Irancell is 51-percent owned by the state-owned Iran Electronic Industries. Iran Internet […]

Iran’s Tech Sector Blooms despite Sanctions

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. The names may be unfamiliar but the services are immediately recognisable: Snapp is Iran’s answer to Uber, Digikala is its Amazon, and Pintapin its Booking.com. US sanctions have protected the Islamic republic’s tech sector, […]

MTN Irancell Invests in IIG

The Iran Internet Group (IIG), the leading internet group in Iran with several million unique and paid transactions every month, just announced the closing of a funding round led by MTN Irancell. The group, whose ventures include the by far market-leading car hailing platform Snapp, has secured the funding in a move that will further […]

South Africa’s MTN Eyes Expansion in Iran

A senior official with South Africa’s telecom giant MTN Group said it plans to increase its presence in Iran’s lucrative market following the removal of anti-Tehran sanctions. “We’re very excited about Iran and the possibilities there,” MTN’s newly appointed head of strategy, mergers and acquisitions, Stephen van Coller, said in an interview with Reuters. “That […]

MTN Invests in “Iran’s Uber”

By John Lee. South African mobile phone company MTN Group has agreed to invest $22 million in Snapp.ir, Iran’s first cab-hailing smartphone app. Snapp CEO Shahram Shahkar informed Bloomberg that the funds would be used to allow the company to expand quickly from Tehran into other cities. He said it has grown to about 500,000 subscribers […]