Data from Invest2Innovate Ventures show that venture capitalists injected more than $85 million in disclosed funding in Pakistani startups in the first . Startups, entrepreneurs, tech giants, social media stars, musicians; Momentum'18, one of Pakistan's biggest tech conference, had it all covered under one roof. — SEC Pakistan (@SECPakistan) October 27, 2020 Angel […] Techlist Staff Posted On May 10, 2022. in. Funny. "It's not going to go to $1.5 billion [next year]," Gondal of Zayn Capital said. Let's . Taha Ahmed and Rooshan Aziz left their jobs in . . The core elements of the zones centred on the startups are Venture Capital (VC) firms, top global tech companies, Pakistani firms, Universities and research and development (R&D) teams, small and . Bykea, one of the startups accelerated at NIC Karachi, has raised $21 million of Series B Funding. — SEC Pakistan (@SECPakistan) October 27, 2020. Since 2010, there have been 700 tech startups and around 70% of the startups are still operational as of 2020. More money has flowed into Pakistan's nascent technology sector during 2021 than in the previous six years combined. Co-founded by two brothers, zameen.com is considered to be the best property portal of Pakistan which allows for the buying, selling, and renting the properties in major cities of Pakistan. Number of Founders 325. Read More » GrowUp AR Gaming Framework Use AR algorithm easily and fast Technology: Gaming. The premier made this announcement during a . The emergence of Pakistan's tech ecosystem has been driven by three . 1) Zameen.com ($29 million) Zameen.com was founded in 2006, it's the most well-funded startup of Pakistan. January 21, 2022. . Daily Times Pakistan. Lahore is one of Pakistan's wealthiest cities with an estimated GDP of $65.14 billion as of 2017. The trick of survival has always been to learn from the past and revive because it is the courage to continue that counts. MedznMore, a Pakistan-based healthtech startup has raised $11.5 million in its pre-series A funding round bringing the firm to $14 million in total raise. During last year's electrically-charged atmosphere at Momentum I spoke with CEOs who gave up their high-paying jobs to join the government in order to implement policy change from within. This company got the valuation at $ 1.6 million. 34. The company raised an impressive US$ 85 million in 2021, which is also a record for any Pakistani startup. "The news of Pakistani tech startups receiving foreign funding is certainly a cause for celebration and marks the hopeful onset of brighter horizons owing to our massive population; we have . Pakistan edtech startup Maqsad gets $2.1M pre-seed to make education more accessible. Launched in 2020, Number of Founders 325. CB Rank (Hub) 27,203. TechCrunch. Earlier last year, Marham, a Lahore-based health-tech startup, found a $1 million investment. In 2019 alone, investors poured $36 million into 14 Pakistani tech startups across 15 deals. Search Startup. Number of Organizations 191. Deal flow data collected previously by i2i shows that a total of $2.65 million has been raised by 6 edtech startups in a total of 8 deals. Here is a list of 15 Pakistani AI tech startups, which are responding uniquely to the gravitational pull of AI and Machine Learning. Tech | Business | Startups | Travel | Food . Dr. Saira Siddique has become the first solo female founder of a Pakistani startup to have raised $1.8 million . Compared to the first quarter of 2021, it's an increase of 776% from $20 million. The Global Competitiveness Index and Ease of Doing Business Index of Pakistan show that the country has some giant strides to make. Number of For-Profit Companies 170. While Pakistan's technology sector struggles to get off the ground, Indian IT exports have reached more than $100 billion. Given below is an account of 10 Pakistani startups that blew the whistles . With the supervision and great assistance of Government of Punjab, PITB (Punjab Information Technology Board) has recently started a project "Plan9″ to assist Pakistani entrepreneurs especially in the field of technology. Timeline. Jehan Ara has expertise in the field of marketing, media and communications. The funds will be used to expand its team and make its wellness and health products widely available in Pakistan, it claims. Others are returning from Europe, Australia, and the United States after . Van stop safe and reliable transportation for dependant travellers (e.g school going kids) Technology: Logistics. Pakistan Tech Summit is an invite-only event organized to celebrate startups, innovators and inventors working on disruptive technologies around the globe. Startups raised seed funding in 2019, with Airlift, Tello Talk and Eat Mubarak securing the largest . Pakistan's Most Successful Startups: Pakistan's economy has been on a ventilator. From Daraz.pk to Bykea, the Pakistani startups are getting attention because of the ease they have added to our lives. Now, when the technology has filled the gaps, it has given rise to the insurmountable startups and businesses in Pakistan. The event will showcase a delegation of 200+ entrepreneurs, technology experts and leaders visiting from Pakistan. Freelance Fest 2022 is hosting PAFLA, Pakistan's first . Lahore is the capital of the Pakistani province of Punjab, and is the country's 2nd largest city after Karachi, as well as the 18th largest city proper in the world. Pakistan Hockey Squad Announced for European Tour 2022. 28 Best Startup Incubators in Pakistan. 9:00 PM PDT • September 19, 2021. Pakistan Tech News gets you in touch with Auto, Pakistan Defense, Digital Pakistan, happenings in the Fintech Industry and keeps you updated . Our imports are manifold compared to exports, hence a great trade deficit . It is the largest city and historic cultural centre of the wider Punjab region . Today, Afiniti is serving various sectors with 700 million customers and has 1.3 million interactions each day. The article further pointed out that the startup industry "is central to government plans . 3) Retailo ($45 million) Retailo is a B2B marketplace for small businesses (Kiryana stores) in Pakistan. June 22, 2021, 11:02 PM PDT. Fintech short for financial technology is the solution to digitize financial services. 2020: Pre-seed - $2.3 million Shorooq Partners, 500 Startups, and 92 Ventures. The total startups investment reached $375 million in 2021, the highest compared to $57.7 million in 2020. KARACHI - Pakistan-based agri-supply chain platform, Jiye Technologies, has announced raising $2.5 million in its pre-seed funding round, the highest pre-seed round in the country's agri-tech sector. RIYADH: Oware, a Pakistan-based warehousing and distribution startup, has raised $3.3 million, in a pre-seed round led by venture capitals Flexport Fund and Ratio Venture along with other investors. In the first quarter of 2022, Pakistani startups have raised more than $150 . Studio 90 Solutions. 15 Unbelievable Facts About Sushi You Probably Don't Know. In the fourth . This event acts as a platform for the community to come together and work in collaboration for the future of Pakistan and build bridges between Silicon Valley and the Pakistani startup . 2018 Tech Startup Investments and Acquisitions in Pakistan In 2018, tech startups in Pakistan secured $5.5 million in venture capital funding across 7 deals and one startup got acquired. Pakistani start-ups have thus far secured at least 240 million dollars in investment in 2021 alone. Crowd funding is a digital platform that allows startups and SMEs to raise funds from investors in return for securities. Read More: Pakistan ascending: the tech and startup ecosystem is a united vision. plus-bold. The Pakistani tech startup industry witnessed many highs in the last couple of years — record-breaking funding rounds, debuts by marquee global investors, and the emergence of founder "mafias," among others.If all goes well, the world's fifth-most populous country might bag another win soon: its first home-grown tech unicorn. January 21, 2022. . The event will showcase a delegation of 100+ startup entrepreneurs, technology experts and digital leaders visiting from Pakistan. Soby Agro, Daska Area: mechanized agriculture farming, agricultural automation, pay per use agriculture farming Founder: Osama Shahid Location: Pakistan Social Media: www.sobyagro.com Youtube : soby agro machinery Tiktok: soby agro machinery Facebook: soby agro machinery . Startups Pakistani start-up wins first place across South Asia in maiden Stanford SEED Spark Program. We've decided to take a deep dive and put together a list containing 13 fast-growing startups in Pakistan that have top-tier venture capital funding. QUIZ: Build Your Ideal Date And We'll Tell You Who You Are. The company raised an impressive US$ 85 million in 2021, which is also a record for any Pakistani startup. Pakistan's most awaited tech conference, Momentum Pakistan 2018 initiated yesterday, February 19 and will also continue today, February 20. Load More. In 2021, investment in Pakistani startups grew by five times over 2020 to $373 million, and 2022 is looking even better. 2nd edition of the flagship PAK-US STARTUP Conference. Pakistan to tour Netherlands in August 2022 for three ODIs. Plan9. Pakistan's startup sector witnessed the best year in 2021, as 81 deals worth $350 million were made, according to a Deal Flow Tracker by Invest2Innovate ( i2i ). Headed by Nabeel A Qadeer, an experienced entrepreneur himself, Plan9 is Pakistan's first technology startup incubation program, and it's being run by the Punjab Information Technology Board . And, compared to the fourth quarter of 2021, it is an increase of 140% from $71 million. 11:10 AM PDT • July 7, 2021. Personality Quiz. Mikal Khoso. Afiniti is a US-based Pakistani data and software unicorn that uses AI to increase the profitability of an enterprise. "The question is, when the slowdown happens, what is the cause of the slowdown and how it affects local startups.". by PakistanIT 6 years ago. These startups and companies are taking a variety of approaches to innovating the B2B industry, but are all exceptional companies well worth a follow. CB Rank (Hub) 27,203. The groundbreaking start-up, CIRCLE, has . Now, AT&T is using Afiniti's pairing technology. Now, when the technology has filled the gaps, it has given rise to the insurmountable startups and businesses in Pakistan. Percentage Non-Profit 1%. In the first quarter of 2022, Pakistani startups have raised more than $150 . Pakistan Tech Summit is an invite-only event organized to celebrate startups, innovators and inventors working on disruptive technologies around the globe. McKinsey & Co's latest report on the Pakistani ecosystem also acknowledged that Pakistan's economy is growing rapidly owing to its young population, increasing levels . Afiniti. Each of these startups and companies is using rich deep . 1 min read Dawaai , a Pakistan-based online pharmacy, announced it has raised US$8.5 million in a . This article showcases Startup Pill's top picks for the best Pakistani startups. Number of Organizations 191. It has successfully secured an investment of $1.1 million from . Top Investor Types Angel Group , Incubator. Tajir is a business-to-business platform for small businesses. Islamabad: A delegation from the Google Asia Pacific region held meetings with Pakistan's technology authority to discuss collaboration to support Pakistani startups and introduce Google Pay . Number of For-Profit Companies 170. First female founded health tech startup secures $1.8 million in pre-seed funding. . SECP has granted approval to the first technology-based crowd funding platform for commencement of live testing under first cohort of Regulatory Sandbox. "A few Pakistani tech startups have raised huge funding rounds at a time where our economy is just keeping its head above water," he says. by PakistanIT 6 years ago. The Pakistani tech industry and start-ups have been a frequent talking point over the past year. 32. Apart from Pakistan, she has worked in other countries such as Hong Kong, UAE and the Far East and has gained the experience of 30 years. Zameen.com has been able to secure $29 million . Details of the startup: City: Lahore; 1). A report of the state broadcaster said Pakistan Technology Startup Fund will provide Rs1 billion seed funding to around 50 startups on annual basis. In 2021, investment in Pakistani startups grew by five times over 2020 to $373 million, and 2022 is looking even better. VC funding moved up a notch further in 2020. Online Reselling Startup Markaz Technologies Raises $2.4m in Seed Funding. Presenting an example of how Pakistan's startup scene is garnering support worldwide, the DW article said that Egyptian ride-hailing company, Swvl, has recently disclosed plans to invest $25 million in Pakistan's tech sector over the next two years to fund pre-seed startups and create 10,000 jobs. 2021: Seed - $6.7 million from Shorooq Partners, Abercross Holdings, AgFunder, and Arzan VC. The office is based in Lahore, and the total funding of the company is around US$ 109.2 . The round saw participation from Sarmayacar, Access Bridge Ventures, Jabbar Internet Group, EquiTie, and Seedstars with further involvement from a strategic angel network hailing from MENAP . Average Founded Date Dec 26, 2016. Pakistan is looking to double its IT industry in two years by setting up dedicated tech zones across the country, after missing out on tech booms that helped nations . Pakistan is Hosting Asia Cup Shooting Championship 2023. . This can be improved as Pakistan's startups market can grow up to 5 times. The office is based in Lahore, and the total funding of the company is around US$ 109.2 . The startup scene in the world's fifth-largest nation is having a breakout year. . From Daraz.pk to Bykea, the Pakistani startups are getting attention because of the ease they have added to our lives. "This makes sense, considering we have a huge market of . Wisden Named Mohammad Rizwan T20 Cricketer of 2021. The ratio of the size of the economy is 1:10 while the market size of startups is 1:100. . We tried to pick companies across the size spectrum from cutting edge startups to established brands. The fifth edition of the She Loves Tech 2021 competition featured 11 women-led start-ups that presented their innovative tech-related business ideas. 2021 has been an extraordinary year for startups and technology for Pakistan, with startups raising over $350 million in investment. Here, we present the top 10 Pakistani startups which are not only owned by Pakistani but are also meant . A recent graduate of the Lahore School of Economics, Muhammad Amin, has founded Payload - an app that is introducing Bitcoin technology to Pakistani users. Kate Park. Pakistan Tech Summit is an invite-only event organized to celebrate startups, innovators and inventors working on disruptive technologies around the globe. The premier made this announcement during a . 1) Zameen.com ($29 million) Zameen.com was founded in 2006, it's the most well-funded startup of Pakistan. 13 Startups in Pakistan. Play the Quiz. 33. Here, we present the top 10 Pakistani startups which are not only owned by Pakistani but are also meant . Pakistan's growing tech ecosystem is finally taking off. Aitmaad. Number of Non-profit Companies 1. Bitcoin is a type of digital currency . Read More » A report of the state broadcaster said Pakistan Technology Startup Fund will provide Rs1 billion seed funding to around 50 startups on annual basis. 1) Tajir. Average Founded Date Dec 26, 2016. A Berlin-based news agency, Deutsche Welle, reported that Pakistan might be Asia's next big market for Tech startups. According to Rehan Akhtar, director of digital financial services at Karandaaz, a company established in 2014 focusing on improving access to financial services, Pakistan has 93 million potential individuals who could be included in the financial system and fintech startups can help increase seven percentage point or US$36 billion in GDP by 2025. LAHORE, Pakistan -- Successful technology ventures such as property website Zameen.com and project management software company Convo have put Pakistan on the startup map. During the first three months of the year, Pakistani startups . It serves a number of business segments such as money transfers, investment management, personal finance, and banking. The core elements of the zones centred on the startups are Venture Capital (VC) firms, top global tech companies, Pakistani firms, Universities and research and development (R&D) teams, small and . Altogether, 122 deals worth $178 million were made from 2015-2020 in Pakistani startups including . This event acts as a platform for the community to come together and work in collaboration for the future of Pakistan and . Location Pakistan, Asia. It was founded in 2020 by Muhammad Talha Ansari, Muhammad Nowkhaiz, and Wahaj Ahmed. Crowd funding is a digital platform that allows startups and SMEs to raise funds from investors in return for securities. SECP has granted approval to the first technology-based crowd funding platform for commencement of live testing under first cohort of Regulatory Sandbox. 4 This article showcases our top picks for the best Indian based B2B companies. Zameen.com has been able to secure $29 million . Co-founded by two brothers, zameen.com is considered to be the best property portal of Pakistan which allows for the buying, selling, and renting the properties in major cities of Pakistan. The good part is now there are a wide number of Fintech companies and startups in Pakistan who are working to digitize finances. By Muhammad Soban ISLAMABAD, Jan. 26 (INP-WealthPK): Health-tech startups in Pakistan are attracting investors' eyes as Health-Wire raised $3.3 million to grow its business. Tez Financial Services is a finance-based Tech-startup that provides financial services to unbanked Pakistanis. Markaz Technologies, an Islamabad-based Y-Combinator-backed firm, has received $2.4 million in seed funding from Indus Valley Capital. The Pakistani economy reaps the benefits of . Pakistaneo.com provides latest news, breaking news, Urdu news from Pakistan, world, sports, cricket, business, politics, health. We are on a mission to solve dire problems of Pakistan by using latest technology Technology: SAAS. The amount raised is more than . Get the latest technology news and know more about Pakistan's startup ecosystem. Pakistan can turn a corner by investing in tech start-ups and . They are all exceptional startups well worth a follow. The fivefold growth of Pakistan tech startups from $66 million in 2020 to around $280 million in 2021 will likely slow. India has 6 big IT companies and every company . Jehan Ara. Top Investor Types Angel Group , Incubator. Get the latest technology news and know more about Pakistan's startup ecosystem. Startups Pakistani start-up wins first place across South Asia in maiden Stanford SEED Spark Program. These startups are taking a variety of approaches to innovating inside of Pakistan and around the world. Well-funded edtech startups in Asia & comparison with Pakistan. Number of Non-profit Companies 1. Pakistan is becoming one of the fastest growing economies of Asia with its 140 million young population. Pakistani startups raised $174 million in disclosed funding across 17 deals in the first quarter of 2022. Startups. Pakistani tech startups are growing at an unprecedented rate. Pakistan Tech News gets you in touch with Auto, Pakistan Defense, Digital Pakistan, happenings in the Fintech Industry and keeps you updated . The highest amount of investment on this list is attributed to the Knowledge Platform which raised around $2 million in 2019. Location Pakistan, Asia. Percentage Non-Profit 1%. 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