Sharjah, United Arab Emirates – Crescent Enterprises has unveiled a $68 million investment program to scale its venture-building platform, CE‑Creates, marking a strategic expansion in its mission to launch and grow high-impact, high-growth startups.
The initiative combines patient, staged capital with specialized operational expertise to help early-stage entrepreneurial ideas mature into globally competitive businesses. Operating as a sector-agnostic venture studio, CE‑Creates targets ventures across technology, sustainability, and consumer innovation.
CE‑Creates has previously supported ventures including Kava & Chai, celebrating the region’s coffee and tea heritage, ION, which develops sustainable mobility solutions, and BreakBread, a community-centered digital food and supperclub platform.
Rakhil Fernando has been appointed as the new Head of CE‑Creates, bringing extensive experience from founding and scaling companies such as Yabi, Koko, and Daraz (Alibaba Group). Fernando will lead the next growth phase, focusing on operational excellence and global scalability.
“This $68 million allocation marks a new chapter for CE‑Creates and regional entrepreneurship,” said Tushar Singhvi, Deputy CEO and Head of Investments at Crescent Enterprises. “Our model combines disciplined capital with operational support, creating the conditions for sustainable growth and international expansion.”
The initiative aligns with Crescent Enterprises’ broader commitment to innovation, sustainability, and inclusive growth, and supports the UAE’s ambition to be a global startup hub, reinforced by the Ministry of Economy and Tourism’s campaign: ‘The Emirates: The Startup Capital of the World’.
