Pakistan’s mobility startup ezBike to commence sales of electric scooters after $1mn pre-seed raise

Pakistan’s electric mobility startup ezBike plans to commence sales of electric scooters following a million dollar raise in a pre-seed round.  The pre-seed...

US-based Tofino Capital to invest in Pakistan’s startups from $10mn fund

To join the funding rush in the world’s last big market, Washington-based Tofino Capital has announced its plans to invest in Pakistan’s...

Pakistan’s MedIQ raises $1.8mn in pre-seed funding to power healthtech for businesses

Islamabad-based healthtech startup MedIQ has raised $1.8 million in a pre-seed round to enable businesses to provide healthtech services to their members.  The...

Pakistan’s SadaPay announces raising $10.7mn as it gears up for public rollout after SBP approval

Pakistan’s fintech company SadaPay has announced raising $10.7 million in its extended seed round to deliver financial services as a fully licensed...

Tiger Global backs Pakistan’s B2B procurement and financing platform Zaraye in $2.1m round

In September 2021, Ahsan Ali Khan, Hashair Junaid, and Taha Iqbal envisioned making procurement of raw materials for buyers and sellers efficient...

With $3mn in funding, UAE-based edtech and work marketplace Qureos enters Pakistan

UAE-based Qureos, which calls itself an edtech and future of work marketplace, seeks entry into the Pakistani market after their pre-seed fundraising.  On...

Fintech Careem Pay gets in-principle approval to launch as EMI, company to invest $50mn in Pakistan

The State Bank of Pakistan (SBP) has granted Careem Pay with an in-principle-approval (IPA) for an Electronic Money Institution (EMI) license to...

Pakistan’s COLABS secures $3mn in funding as it plans to become launchpad for startups, freelancers

Lahore-based coworking operator COLABS has raised $3 million in a seed round as the startup plans to become the launchpad for startups...

Jugnu enters into strategic alliance with MENA based B2B e-commerce leader Sary, raises $22.5mn in series A

Pakistan’s B2B e-commerce startup Jugnu and MENA-based Sary have formed an alliance to transform the future of B2B e-commerce through an initial...

What’s ahead for Pakistan’s startups?

It’s been a little over three months since the year 2022 started and Pakistan’s startups have announced raising investments worth $130 million....

Tiger Global, Dragoneer back Pakistan’s B2B startup Bazaar in $70mn round

Karachi-based B2B eCommerce and fintech platform Bazaar has claimed to have raised $70 million in a Series-B financing led by US-based Dragoneer...

OLX Pakistan wraps up eCommerce business under OLX Mall

Pakistan's leading online classifieds platform OLX has wrapped up its eCommerce business under OLX Mall, only five months after its launch. The classifieds...

Unilever-backed quick commerce startup Munchies shuts operations

Karachi-based quick commerce startup Munchies has shut operations, five months after raising $2.5 million in a pre-seed round, credible sources informed Profit.  Munchies...

Pakistan’s IT companies, freelancers get complete tax waiver

In his address to the nation on Monday, Prime Minister Imran Khan announced a complete tax exemption for information technology (IT) companies...

OTT platform STARZPLAY to feature new webseries ‘Mumkin’ starring Faysal Quraishi

Launched in 2018, STARZPLAY by Cinepax has gained recognition as the fastest-growing streaming service in Pakistan. The service offers Convenient payment methods...