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...
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.Â
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...
With $13mn in seed funding, NayaPay to roll out payments and messaging platform
Pakistan-based fintech startup NayaPay has announced raising $13 million in one of the largest seed rounds in South Asia, to roll out...
Lahore-based Daftarkhwan aiming blistering growth after seed funding from EMPG
Lahore-based co-working startup Daftarkhwan plans to double the capacity at its co-working offices within a few months after securing seed funding from regional...
Karachi-based financial advisory startup Elphinstone gets Y Combinator’s backingÂ
LAHORE: Karachi-based wealth management platform Elphinstone has been accepted into Y Combinator and will be part of the incubator’s Winter 2022 batch.Â
Karachi-based...
Pakistan’s Truck It In raises $13mn in seed money to fund expansion
Karachi-based trucking startup Truck It In has announced raising a $13 million seed round, which is by far the largest raised by a...
Retailo announces raising $36mn funding in Series-A round
B2B eCommerce marketplace Retailo Technologies has claimed to have raised $36 million in Series-A funding.
The round was led by Silicon Valley-based Graphene...