REAL LIFE
IFZA joins forces with ZOHO to help businesses improve efficiency IFZA Dubai, the UAE’s most dynamic and truly international Free Zone, has signed a collaboration agreement with Zoho, a global technology company that offers award-winning online productivity, collaboration, and business applications, to provide the members of the IFZA Free Zone community with leading-edge digital tools that will help increase efficiency and ensure compliance.
This move is part of IFZA’s commitment to support its Free Zone community in their compliance to the upcoming implementation of the Corporate Tax which requires all UAE-registered businesses to set up government-compliant accounting and financial bookkeeping systems as part of the process of filing of Corporate Tax Returns. This will have an impact on all businesses, regardless of whether they are
required to pay a corporate tax or only submit annual tax returns. Zoho One – a cloud-based platform that enables businesses to perform all their functions on a single interface, accessible from anywhere – includes access to FTA accredited tax accounting software, Zoho Books. This facilitates business transactions, manages customers and vendors, issues tax-compliant documents, generates reports, and files tax returns effortlessly. This agreement offers members of the IFZA Free Zone community, a Zoho starter package which includes a dedicated portal and customer support and training that enables them to quickly adopt technological solutions for their business. Both IFZA and Zoho share a common belief of putting People First through products, processes and knowledge that are developed in a constant state of improvement for the benefit of their customers. They look forward to providing their global network of Partners and Licensees an easy-to-use platform that would help them to build not only their business but, more importantly, strong relationships with their customers.
Porter announces first-ever international expansion with its foray into UAE Porter, India’s leading tech-based, on-demand logistics company has announced its first overseas expansion with entry to UAE offering intra-city logistics services in Dubai. The expansion comes under the company’s current plan to explore the GCC regions, and the Indian subcontinents. The logistics start-up, which is backed by some of the most renowned and active venture capital investors including Tiger Global, Sequoia and Lightrock India had earlier raised USD 100 Million in Series E funding for expanding operations. The company will provide a tech-enabled platform to ensure hassle-free deliveries through its LCVs and 2-wheelers addressing the gap in intracity logistics requirements in the region for small package delivery requirements of both personal and businesses. Presently with more than 20,000 + customers onboard, Porter plans to make an investment of $6 million in UAE for the next 3 years. Additionally,
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(Left to right) Pranav Goel, CEO & Co-Founder, Porter and Ankit Dwivedi, AVP - International Business, Porter.
the company is looking to bolster operations in these cities and further increase their customer acquisition by 2x to 40,000+ and vehicle base by 3.2x to 800+ by March 2024. Porter offers cost-effective solutions that can
help in improving lower vehicle utilisation, increasing the competence of the system, and ensuring the availability of appropriate vehicles for customer requirements. This will also result in efficient intracity logistics, lesser rates for customers and more earnings for driverpartners. The company currently has 300+ LCVs on the platform and recently introduced 15 two-wheelers to expand its operations in the region. In April, during the holy month of Ramadan, Porter pledged to make a positive impact on the community by contributing iftar meals and clothes with every delivery. With this, Porter aimed at helping those in need by providing a healthy and fulfilling meal at the end of a long day of fasting. The company looks forward to tapping more potential opportunities in the intra-city logistics segment in the future for scaling its business.
J U N E 2023
6/16/2023 5:36:55 PM
