Iran Startup Pulse: February 15 – February 22, 2025

Highlights of the Week:

  • Tapsi Bans Underage Passengers Traveling Alone: New policy requires adult supervision for minors.
  • Tapsi Hits One Million Daily Rides: A record milestone for Iran’s ride-hailing sector.
  • HazarDastan and Tapsell Collaboration: A major shift in Iran’s startup ecosystem.
  • Fanap Exits Shareholding in Online Bookstore City: Strategic restructuring in digital services.
  • Ad Fraud Costs Iranian Businesses $17 Million Annually: New report reveals digital ad fraud challenges.
  • Asan Pardakht Founders Sell $135 Million in Shares: Major stake sale impacts fintech landscape.


Tapsi Enforces Age Policy for Solo Travelers

Tapsi has introduced a policy banning unaccompanied minors from using its services. The decision, which aims to enhance passenger safety, aligns with international best practices in ride-hailing. Parents must now ensure that passengers under 18 are accompanied by an adult, a move expected to reduce liability concerns.


Tapsi Breaks One Million Rides in a Single Day

For the first time in its history, Tapsi has surpassed one million daily rides, showcasing its growing dominance in Iran’s urban mobility sector. Company executives attribute this milestone to recent improvements in pricing, driver incentives, and app optimization. The achievement positions Tapsi as a major competitor to Snapp.


Strategic Shift: HazarDastan and Tapsell Join Forces

The recent acquisition of Cafe Bazaar by Tapsell is now fueling deeper collaboration between HazarDastan and Tapsell. This partnership is expected to reshape Iran’s digital economy, integrating advertising and marketplace technologies. Industry insiders speculate that further acquisitions could follow as competition intensifies.


Fanap Sells Stake in City Bookstore

Fanap, the tech arm of Pasargad Financial Group, has officially exited its investment in City Bookstore Online. The decision follows a broader corporate strategy to focus on fintech and digital banking solutions. Analysts believe the move will allow City Bookstore to explore new partnerships while giving Fanap more agility in its core sectors.


Digital Ad Fraud Costs Iranian Businesses Millions

A new report reveals that 26.6% of digital ad impressions in Iran are fraudulent, leading to an estimated annual loss of $17 million. The issue has raised concerns among advertisers, prompting calls for enhanced fraud detection technologies. Experts suggest that increased transparency and AI-driven verification tools are needed to tackle the problem.


Asan Pardakht Co-Founders Sell $135 Million in Shares

The co-founders of Asan Pardakht, one of Iran’s largest fintech firms, have sold a significant portion of their shares in a $135 million transaction. Market analysts believe this could signal major shifts in the company’s direction, with new stakeholders potentially influencing its long-term strategy.


#IranStartups #TechNews #Fintech #Innovation #Entrepreneurship


Erfan Noury

Senior ML Research Engineer at Apple

1 周

Thank you for sharing these insightful updates. Would it be possible to add a link to the website of companies or startups mentioned in the articles?

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