Digitising road freight: Pakistan’s Truck It In announces raising $1.5mn in pre-seed round
KARACHI: Online trucking marketplace Truck It In has announced raising $1.5 million in a pre-seed round from global and local institutional and...
Why are employee stock option plans important for startups?
On Wednesday, the Securities and Exchange Commission of Pakistan (SECP) officially allowed private companies to offer Employee Stock Option Plan (ESOP) to...
With $320,000 in pre-seed round and a mobile app, Edkasa hopes to make exam preparation easier for students
LAHORE: Edkasa, an up and coming education technology (edtech) startup, has announced raising $320,000 in a pre-seed round and launched a mobile...
Leaker says they are offering private details of 500 million Facebook users
WASHINGTON: A leaker says they are offering information on more than 500 million Facebook Inc users - including phone numbers and other...
PHC lifts ban on TikTok, directs PTA to control immoral content
LAHORE:Â Peshawar High Court (PHC) on Thursday lifted the ban placed on video-sharing application TikTok and directed the Pakistan Telecommunication Authority to ensure...
Spotify to launch its own Clubhouse competitor
NEW YORK: Spotify said on Tuesday it has purchased Betty Labs, the company behind sports-focused social audio app Locker Room, to accelerate...
Facebook undersea cable to boost South East Asia internet
Facebook and Google are planning two new undersea internet cables to connect South East Asia to North America.
The project with regional telecoms...
Pakistani fintech SadaPay raises $7.2m in seed round Â
LAHORE: SadaPay, a Pakistani FinTech startup, has announced raising $7.2 million in the recent seed round, totalling its funding to $9.3 million...
PayPal launches crypto checkout service
LONDON: PayPal Holdings Inc will announce later on Tuesday that it has started allowing U.S. consumers to use their cryptocurrency holdings to...
Xiaomi announces smart EV business, to invest $10bn over ten years
SHANGHAI: Chinese smartphone maker Xiaomi Corp has formally entered the automotive industry with a new smart electric vehicle (EV) business, the company...
Arif Habib invests in eCommerce startup InstaMall
LAHORE: InstaMall, an eCommerce marketplace, has successfully managed to secure pre-seed investment from Pakistani business magnate and Arif Habib Group, Chairman, Arif...
Global cloud gaming market to grow 125pc in 2021: report
ISLAMABAD: Global cloud gaming revenue is expected to reach $1.4 billion by the end of this year, up 125pc than last year,...
Abu Dhabi begins trial run of autonomous vehicles
ABU DHABI: The Department of Municipalities and Transport (DMT) will start the trial operations of autonomous vehicles for transporting passengers in Abu...
Dutch telecom giant VEON acquires Dhabi Group’s stake in Jazz for $273m
LAHORE: VEON, a leading global provider of connectivity and internet services, in an official statement announced that it has successfully concluded the...
Apple, Epic Games CEOs on list of witnesses in Fortnite case
NEW YORK: Apple Inc and Epic Games have listed their chief executive officers as potential witnesses in a case between the iPhone...