Careem pilots drone deliveries to study prospects of scaling in Pakistan

LAHORE: Ride-hailing and last-mile delivery platform Careem Thursday flirted with the idea of doing drone deliveries and dropped a teaser informing customers...

Amid exit by an early investor, Dawaai lands $8.5mn in recent funding 

LAHORE: Online medicine delivery platform Dawaai Wednesday announced closing an $8.5 million venture round led by US-based 500 Startups and participation from...

KASB Securities’ $4.5mn bet on creating an apprised generation of stock market investors

LAHORE: In a country of over 220 million people, a little over 250,000 people invest in the stock market, and Pakistan’s leading...

Fintech startup Abhi bags $2mn in funding to finance salary advances

LAHORE: Abhi, a Karachi-based salary advance platform, has raised $2 million in a seed round, the company announced in a statement.  Founded by Omair...

Pak-Kuwait Investment Company pumps $3mn into Nadeem Hussain led Planet N

LAHORE: Pakistan Kuwait Investment Company (Private) Limited (PKIC) has made an Rs500 million (~$3 million) equity investment in Planet N (Private) Limited...

Lahore-based B2B eCommerce marketplace Tajir raises $17mn in Series-A round 

LAHORE: Tajir, a Lahore-based B2B marketplace digitising neighborhood convenience stores has raised $17 million in a Series A round led by American...

Akhtar Fuiou Technologies secures in-principle approval from SBP to launch e-wallet

Akhtar Fuiou Technologies, an up-and-coming financial technology (Fintech) company, has received State Bank of Pakistan's (SBP) in-principle approval for Electronic Money Institution...

Careem overcharges customers tens of thousands of rupees for short-distance rides

KARACHI: Ride-hailing platform Careem users in Pakistan have reported being massively overcharged for the usual short-distance rides, that the company says happened...

New WhatsApp privacy policy comes into force

As WhatsApp's new privacy policy goes live, the messaging platform announced it will not delete user accounts if they don't accept the...

Why did Retailo raise a phenomenal seed round?

LAHORE: B2B e-commerce marketplace Retailo Thursday announced raising $6.7 million in what the company claimed was the largest seed round for a...

Fast and secure Turkish messaging app BiP introduces group, chat import

ISTANBUL: Having witnessed 2 million downloads in Pakistan and 80 million downloads globally, Turkey’s secure life and communication platform BiP now introduces...

JazzCash Business app hits a snag as users fail to sign up, transfer funds

LAHORE: Mobile wallet JazzCash's recently launched application for businesses fails to be a hit upon its launch as users complain of bad...

Karachi-based CreditBook raises bet on digitising MSMEs with $1.5mn in seed funding

“Never has anyone been able to successfully digitise the MSMEs (Micro, Small and Medium Enterprises) because of a lack of user trust,”...

Jabberwock Ventures raises close to $20mn in Series-B round for startups Cheetay, Swyft 

LAHORE: Jabberwock Ventures, the parent company of online food delivery platform Cheetay Logistics and Swyft Delivery Solutions, has reportedly raised close to...

Mastercard to buy digital ID verification firm Ekata in $850 mln deal

Mastercard Inc said on Monday it had agreed to buy digital identity verification company Ekata in a deal valued at $850 million,...