Gobi Partners launches $50mn Techxila Fund II with BoP partnership to boost Pakistani startups

Initiative aims to strengthen entrepreneurship and drive innovation across fintech, e-commerce, and health tech sectors

Davaam, the refill station startup, has a $120,000 grant from the World Bank. What are they using it for?

Davaam’s whole thing is sustainability. Their immediate plan is to reduce plastic waste and fight period poverty

COLABS secures $2 million in pre-Series A funding round 

With its expansion plans, Lahore-based co-working platform completes registration in Saudi Arabia

Pakistan’s Qist Bazaar raises $3.2mn in Series A funding 

Fintech startup attracts investment from Indus Valley Capital, Gobi Partners, and Bank Alfalah, advancing financial inclusion for underbanked Pakistanis

Can this new startup make a difference in cross-border trade?

Galaxefi, a new bootstrapped startup, aims to digitise Pakistan’s cross-border trade. What does it offer?

From incubation to acceleration, are Pakistani ESOs really serving the startup ecosystem?

The mushroom growth of these programs in the country raises questions about their efficacy

Indian startups raise over $395 million in one week

Hospitality and travel-tech company Oyo led the funding stream with raising $175 million in Series G round: report 

Google launches AI Academy to boost startups in Pakistan and APAC region 

Program to support over 20 AI startups with mentorship and resources

A few select startups made the funding needle budge slightly. Are there any lessons to be learned?

The startup sector has seen a $ 6 million surge in one month after raising only $1 million in the first six-months. Is it a blip or something more?
SadaPay-Mastercard

Sadapay has laid off at least 30% of its entire workforce, including some C-suite executives

A little over a month after announcing its acquisition by Turkish fintech Papara, SadaPay abruptly fired at least 30% of the company’s...

Brandon Timinsky resigns as SadaPay CEO after Papara acquisition

Resignation comes a little over a week after Papara’s acquisition of SadaPay

Funding drought sees small respite as KalPay raises over $1mn in early-stage funding 

KalPay, which claims EBITDA profitability, says that the new round was a combination of equity and debt. It is the first Pakistani startup to announce a round in 2024. 

Changes are afoot at Careem. What do they mean for the fast changing ride-hailing sector?

Inflation has meant lots of changes in all segments including transport. Careem is responding through their pricing

Fundraising, pivoting, migrating, scaling down or just cruising? This is what Pakistani startups are up to

Profit surveys all major Pakistani startups, and the results are in

Govt earmarks Rs2bn for Pakistan Startup Fund

Fund will extend financial support to startups