US-based NRD Capital set to open office in Pakistan eying investments in startups

Despite all of the recent attention, Pakistan has not had venture capital firms setting up offices in the country

Everyone is waking up to Pakistan. The year 2021 has been nothing but momentous for the country’s startup ecosystem in terms of the money being poured in from outside of Pakistan. Everyone now feels that Pakistan’s startups hold the potential for technology companies to come in and disrupt a system that has been running in a set way for decades. 

Seths have been upset about it, only to join the league a little later realising startups are the direction in which things are going to go for now. Consider banking seths who are now waking up to fintech companies, changing their slogans from ‘Jahan Khwaab, Wahan HBL’ to ‘a technology company with a banking license’ in the case of Pakistan’s largest bank.

The shift has been rather quick, however, change happens quickly when there is big money involved.For the first nine months of 2021, Pakistan’s startups have successfully clocked close to $300 million in funding from leading names in the Venture Capital world, and that has definitely turned the tides. Names like Andreseen Horowitz and Kleiner Perkins, two of the world’s biggest startup investors based in the US, have also been involved.

 

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Taimoor Hassan
The author is a staff member and can be reached at [email protected]

1 COMMENT

  1. Nice article written by you and I hope that this type of behaviour will mould the direction of nation from job to business.

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