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in BusinessTruKKer,a digital freight network, acquires Pakistan’s TruckSher
TruKKer, a digital freight network operating in the MENA region, recently acquired the Pakistani startup TruckSher, in order to further expand its operations. TruKKer is a company that uses technology to increase the efficiency of road freight and logistics operations across multiple markets, including the UAE, Saudi Arabia, and Egypt. The company serves more than […] More
- in Startups
Ailaaj, a Pakistani healthtech, secures $1.6 million seed
Ailaaj, Pakistan’s first full-stack digital healthcare platform, recently raised $1.6 million in seed funding. The funding was led by JS Group, with the additional participation of investors such as Fazal Din Group, Leonine Tech Ventures, as well as private equity investors from East Asia. Ailaaj was founded in 2020, and formed through the acquisition of […] More
GSMA Innovation Fund awards DeafTawk $250,000 grant
The GSMA Innovation Fund for Assistive Tech recently awarded DeafTawk, a Pakistani sign language interpretation platform, a grant of $250,000. The GSMA Innovation Fund was launched in September 2020 with the support of the UK Foreign, Commonwealth & Development Office (FCDO). The Fund for Assistive Tech was set up with the objective of finding and […] More
- in Business
Meezan Bank and Retailo join hands to uplift young entrepreneurs
Meezan Bank recently entered into a partnership with Retailo which is committed to providing financing to retailers under the Prime Minister’s Kamyab Jawan scheme. The Kamyab Jawan – Youth Entrepreneurship Scheme (YES), was started by the government to uplift young entrepreneurs and help them contribute to the economy by providing financial support for their ventures. […] More
Truck It In procures $3 million in extended pre-seed round
Truck It In, a Pakistani trucking marketplace, recently raised $3 million in an extension of its pre-seed round, thereby closing it with a total of $4.5 million. $1.5 million of the funds were raised by the company five months prior to this. The investment came from Global Founders Capital and Fatima Gobi Ventures, with participation […] More
- in Leadership
Pakistan’s first NFT fundraiser: Tayaba raises over 2 million
Tayaba Organization, a non-profit based in Pakistan has launched and auctioned a limited collection of NFTs primarily to raise much needed awareness for its water accessibility initiative. Tayaba through this step has become the first Pakistani NGO and one of the first globally to implement the innovative block chain-based NFT technology for fundraising purposes in […] More
- in Startups
YUGO.pk, an online travel portal, procures seed funding
YUGO.pk, an online travel portal, recently procured seed funding, from the Angel investor Syed Sheharyar Ali, who is also the Executive Director and CSO at Tree Group of Companies. The startup was part of the 12th cohort of the Punjab Information Technology Board’s (PITB) incubator, Plan9. YUGO.pk was founded in 2017 by Ahmed Hannan Kayani, […] More
- in Startups
Walee, a Pakistani startup, raises $2.7 million in seed funds
Walee, an Islamabad-based startup, recently raised $2.7 million in seed funding, through Z2C, a Pakistani communications company. Walee is a online marketing platform that was founded in 2019 by Muhammad Ahsan Tahir. The startup engages a network of influencers and provides brands and companies with a platform to connect and collaborate with said influencers in […] More
- in Startups
SCWomenInTech awards 7 companies Rs1.5mn each in seed grants
Standard Chartered Bank Pakistan, partnered with INNOVentures Global (Pvt.) Limited, to launch the Standard Chartered Women In Tech Program 2021, the winners for which were recently announced. The Women in Tech (WiT) program was first launched in 2014 by Standard Chartered America, with Standard Chartered introducing the program in Pakistan in 2019. As a result […] More
- in Business
NayaPay partners with CodeGirls to facilitate women in tech
NayaPay has decided to partner with CodeGirls as they are committed to closing the gender gap in the technology industry, which is currently male dominated. NayaPay is an Electronic Money Institution that acts as a digital wallet, enabling its app users to send money to friends and family, and set up a Visa debit card […] More
- in Startups
Applications open for AI/ML Reactor for startups
With the rising prevalence of Artificial Intelligence (AI) and Machine Learning (ML) in the business landscape in mind, Amazon Web Services (AWS) and Epiphany have come together to launch the AI/ML Reactor. AI/ML Reactor is a five week mentorship program that is looking to empower Pakistani startups by increasing and facilitating AI/ML awareness in the […] More
mKhata, a fintech startup, secures pre-seed funding
mKhata, a Lahore-based startup, recently launched its bookkeeping app, after procuring pre-seed funding from 10Pearls Ventures. mKhata or mobile khata is essentially a free digital ledger that aims to help the MSME sector in particular, by allowing such businesses to manage their credit, send automated collection reminders through SMS and Whatsapp and make real-time data-based […] More
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