Pakistani startups have raised $284mn in first half of 2022, but are expected to close the year at less than 2021
Startups in Pakistan have raked in a total of $284.89 million in disclosed funding across 45 deals in the first six months...
Pakistan’s 24SEVEN announces $6mn pre-Series A raise to power an innovative model for kiryana stores
Pakistan-based eCommerce and retail startup 24SEVEN (formerly 24seven.pk) has announced closing a $6 million pre-Series A round as the former grocery delivery...
Riding high on growth, Bykea would have raised a lot more than $10mn. But VCs are nixing growth stage investments
Riding high on growth, Pakistan’s mobility, commerce and payments startup Bykea has announced completing a $10 million raise from existing investors which...
Dutch energy group Vitol backed VavaCars shuts Pakistan operations
VavaCars, which is backed by Dutch energy and commodity trading company Vitol, has decided to wrap up its operations in Pakistan, two...
Logistics startup Rider completes $5.4mn seed raise as startups navigate funding winter
Karachi-based logistics start-up Rider has announced closing $3.1 million in an extension of its seed round, clocking in a total of $5.4...
B2B marketplace Dastgyr announces $37m Series-A raise as it widens services beyond kiryana stores
Pakistan’s B2B eCommerce marketplace Dastgyr has announced raising $37 million in a Series A funding round led by Pakistan’s Veon Ventures, whose...
Airlift pulls out of South Africa, smaller cities in Pakistan amidst global downturn
Quick commerce startup Airlift has announced closing down operations in South Africa as well as some cities in Pakistan as the global...
‘War on cash’: Dubai-based fintech YAP secures in-principle approval for EMI license in Pakistan
Dubai-headquartered fintech YAP, a neobank driving digital banking in the Middle East, Africa and South Asia, announced today that it had been...
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.Â
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.Â
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.Â
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...