Crescent Enterprises has unveiled a Dh250 million investment initiative to expand CE-Creates, its venture-building platform dedicated to nurturing high-growth, impact-driven startups with global potential. This strategic move, coupled with new leadership, underscores CE-Creates’ mission to transform early-stage concepts into internationally competitive businesses, leveraging patient capital, operational expertise, and ecosystem access. The platform operates as a sector-agnostic venture studio, guiding ventures from idea validation to market entry and scaling, with a focus on the MENA region and beyond. Badr Jafar, CEO of Crescent Enterprises, emphasized the UAE’s role as a launchpad for global entrepreneurs, stating, ‘Our vision is for the UAE to be recognized as the start-up capital of the world.’ CE-Creates has already supported ventures like Kava & Chai, ION, and BreakBread, showcasing its commitment to fostering innovation. Tushar Singhvi, Deputy CEO and Head of Investments, highlighted the unique blend of capital deployment and operational support that sets CE-Creates apart from traditional venture funding models. Rakhil Fernando, the newly appointed Head of CE-Creates, brings extensive entrepreneurial experience to the role, having previously led ventures like Yabi, Koko, and Daraz. This investment marks a significant milestone in empowering regional founders to compete on the global stage.
Crescent commits Dh250m to scale CE-Creates, building home-grown ventures with global potential
