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Pakistan ranks 2nd in World Bank's list
The World Bank’s latest ratings revealed a massive improvement of 28 points by Pakistan, from 136th position to 108th. The “starting a business” indicator showed a gain of 58 points by Pakistan, from 130th position to 72, moving it to second place in the “South Asian countries ease of starting” a business list. As […] More
Jugnu, a Pakistani B2B startup, raises $3.2 million
Parent company Saleflo and its subsidiary Jugnu, recently raised $3.2 million. Systems limited contributed a total of $3 million of this investment and acquired a 20% share in the business. The rest of the amount was contributed by some angel investors. Jugnu plans on using this investment in expanding its operations by investing in the […] More
Vceela, a social enterprise, gets selected for the GSMA grant
A total of 597 applied for the GSMA Innovation Fund for Mobile Internet Adoption and Digital Inclusion, out of which 3 Pakistani startups were selected, one of them being Vceela. The three startups received a total of Rs.146 million. Vceela is a social enterprise that empowers artists and artisans and provides them a platform to […] More
TAG, another Pakistani FinTech startup to launch this year
Talal Gondal, the CEO of TAG Innovation Pvt, claims that the FinTech startup would launch this month for a smaller number of customers in pilot mode. Then will extend the services to a more extensive consumer base in the next 2-3 months. TAG reportedly received pre-seed funding of $5.5 million from Quiet Capital Management, Liberty […] More
"Tajir, A Pakistani B2B ecommerce, raises $17m in its round
The Lahore-based startup raised $17 million in its round led by the American VC. The list of investors also included Y Combinator Continuity Fund, AAVCF, Fatima Gobi Ventures, Flexport, Golden Gate Ventures, Liberty City Ventures, VentureSouq, and angel investors, including Flexport CEO Ryan Petersen and Figma CEO Dylan Field, according to menabytes. Important to note […] More
"Dawaai", an authentic online pharmacy startup, raises $
In the last round of raising capital, Dawaai was able to secure a total of $8.5 million worth of funds in a round led by 500 startups. The investors included Sarmayacar and two family offices. As stated by MENAbytes, equity accounted for the majority of the round. The company plans to use this investment in […] More
Iman Jamall & Hasib Malik Make it on Forbes ’30 under 30′ List
Iman Jamall and Hasib Malik are a husband-and-wife duo who found CreditBook. CreditBook is a fintech app which aims to empower micro, small and medium scale businesses across the country. The two 28-year-olds have been named in the prestigious list of Forbes 30 under 30 Asia list for the category of social impact. CreditBook helps […] More
