Since I wrote about the company, they raised a $17.5MM Series A round from Silicon Valley legends Kleiner Perkins. In December, Creditbook raised $11 million in pre-Series A funding from Tiger Global, Better Tomorrow Ventures, Firstminute Capital, Banana Capital, VentureSouq, Ratio Ventures, and i2i Ventures. Nearpeer is a Massive Open Online Course (MOOC) platform that offers institution-specific online video courses. Japan, San Francisco, Europe), Algorithmic rank assigned to the top 100,000 most active Hubs, Total number of founders of organizations in the hub, Average date the Organization was founded, Percentage of organizations in this hub that are non-profits, Total number of for-profit companies in this hub, Total number of non-profit companies in this hub, Top 5 investor types represented in this hub, Last Funding Round type of organizations in the hub (e.g. When they solved their identity stack challenge and integrated it with a universal payments interface, online transactions went from 90k/month to 2B/month (!). Cloud based SaaS platform for planning, procuring, managing, evaluating and auditing OOH advertising. Weve performed 50+ successful projects in Egypt so far. It began in January, when $13.5 million was raised. Top 3 Accelerators and Incubators in Thuwal. Ways To Improve Security at Your Apartment Building. Tajir: b2b Inventory for Pakistan Stores. The big picture: Vice now joins an ignominious club of well-funded flameouts. 4. *. Industries: Information Technology, News, Social Media. Company is working IoT (internet of thing) based system that monitor and control home with a mobile application and web. The startup was founded in 2018 (2 years before TAG) and most recently raised a $7.2MM Seed round of funding in May 2021, led by Recharge Capital. Top 4 Accelerators and Incubators in Calgary. 2022:Series A, $22.5 million from Sary, Sarmayacar, and Systems Limited. The idea behind this startup: YPay offers a new way of investing, with an aim to instill the habit of investment in the youth of Pakistan. Beauty Hooked BeautyHooked (BH), a Female-led Pakistani start-up successfully raised $280,000 back in 2016 through Fatima Ventures. If you want to skip to the bottom, you can also see Read more, With the explosion of funding and the 11 public market exits for Indian startups in 2021, 2022 is poised to be one of the most exciting years to date for the ecosystem! The largest prize pools in Fantasy eSports. Information about the industries, stages and countries they generally invest in. These young innovative Pakistani minds are increasingly making inroads into technologically advanced ways,. 37% of total funding in Pakistan in the first half of 2021 was raised by seven FinTech startups, up from 0 FinTech deals in the first half of 2020. As of 2021, Udhaar has raised $6.1 million in disclosed funding. To date, Retailo has raised $45 million in disclosed venture capital funding from 11+ investors, including angels. The idea behind this startup: Sohni Saiban was conceptualized after the concrete ideation to provide 4 rooms luxury apartments for sale to Karachites. Daakhla.pk is the one stop online solution where you can search, compare and filter your prospective programs/course and university easily. Let me know which ones on Twitter at @amitch5903! My name is Tesla and I am the pseudonym used by The Stratup Pill's broad writing team. Required fields are marked *. Why Are Strong Connections Important For Startups? Mucho: Pinduoduo + Costco for Pakistan. Leave a note in the comment, including the name of your startup, the accelerator/incubator it graduated from, and a link to either your website or Facebook page and well add it straightaway. In November, Abhi raised additional funding in a bridge round from Global Ventures, Next Billion Ventures, VEF AB, Rally Cap, Sarmayacar, VentureSouq, TPL e-Ventures, and i2i Ventures. Im sure I missed quite a few prolific, fast-growing Pakistani startups. There are 3,949 startups in Pakistan. Those interested in the Pakistani startup community will already know that the local incubators and accelerators are doing their part in supportinglocal entrepreneurs. Read this articleon why you should join an incubator toimprove the chances of succeeding. Daakhla.pk is the one stop online solution where you can search, compare and filter your prospective programs/course and university easily. 10. Startups are hard. Angel - Uber), Money Raised: Amount of money raised in Funding Round, Total number of investments made by investors in this hub, Announced Date: Date when the Investment is announced, Investor Name: Name of the investor who participated in the Investment, Funding Round: Name of the funding round where the Investment is made, Number of Investors: Total number of Investors in a Funding Round, Total number of lead investment firms and individual investors that invested in organizations of this hub, Total number of investment firms and individual investors that invested in organizations of this hub, Organization/Person Name: Name of the Organization or Person, Location: Where the organization is headquartered, Investor Type: This describes the type of investor this organization or person is (e.g. TAG is undoubtedly a company to watch in 2022! Pakistan's digital automotive services company Okayker has raised $700,000 in seed funding from multiple institutional investors including Orbit Startups, Cur8 Capital, FRIM Ventures, and Sabr . Pakistan has 85% teledensity, with 183MM total cellular phones, 98MM 3G/4G phones, and 101MM internet subscribers. Industries: Communications Infrastructure, FinTech, Information Technology, Software, The idea behind this startup: Dastgyr is a B2B e-commerce marketplace that connect retailers with suppliers through an android app, Industries: B2B, E-Commerce, Logistics, Marketplace, Retail, Wholesale. For the uninitiated, Tajir is a mobile app where Pakistani shopkeepers can purchase inventory with transparent prices, next-day delivery, and robust order tracking. Top 10 Middle East Startups to Watch in 2021, Top 10 Latin American Startups to Watch in 2021, Top 10 European Startups to Watch in 2021, Kleiner Perkins leading Tajirs $17MM Series A in June 2021, World Banks Ease of Doing Business Index, raised an incredible $12MM at a $100MM valuation, 6 Years Later 10 Bold Technology Predictions for the Next 10Years, https://www.youtube.com/watch?v=IhyjP-WL_mA, https://www.youtube.com/watch?v=YMTUQqMwJ6g&t=426s, https://www.youtube.com/watch?v=_ijqOtdNojk. Keep a lookout for Mucho later this year as they exit their beta with a BIG waiting list (rumored to be well north of 100k) and start to scale in Pakistan. There are hundreds of fast-growing startups in Dallas and we have compiled the 7 best ones in this blog article. To date, Bykea has raised $28.7 million in disclosed venture capital funding. "The question is, when the slowdown happens, what is the cause of the slowdown and how it affects local startups.". QisstPay: Buy Now, Pay Later (BNPL) for Pakistan. Industries: Fitness, Health Care, Wellness. In this post, I highlight the 7 most well-funded startups in Pakistan. DealCart, a Karachi-based group buying social commerce platform, raised $4.5 million in pre-seed funding from Shorooq Partners, Fatima, Bookme.pk, a Lahore-based e-ticketing startup, raised $7.5 million in Series A funding from Zayn Capital, Lakson Venture Capita,, Neem, an embedded financial wellness platform based in Karachi, has raised $2.5 million in seed funding from SparkLabs,, List of Pakistani startups that raised funding in 2021, Farmdar raises $1.3 million in seed funding, UAE-based EdTech startup Qureos expands to Pakistan, DealCart raises $4.5 million in pre-seed funding, Bookme.pk raises $7.5 million in Series A funding. These friends have connected me with their networks, providing me access to the countrys leading entrepreneurs and startups before they hit mainstream. It's an app-based platform allowing retailers to purchase an assortment of products from various local and international sellers. As of 2021, Tazah has raised $6.5 million in disclosed funding. Royal Liston Group Review Analysis Tools For Your Aid, How Design Businesses Can Benefit From Handwritten Signature Logos, How Your Website Design Affects SEO Rankings. Industries: B2B, E-Commerce, Marketplace, Retail, The idea behind this startup: Providing affordable home financing to low income earners in Pakistan, Industries: Consumer Lending, FinTech, Social Impact, Founders: Jamshed Meherhomji, Jamshed Meherhomji, Samuel Hjelmfelt. In March, the Karachi-based B2B e-commerce marketplace raised $150,000 in seed funding from SOSV. New Pakistanistartups are beinglaunched every week in Pakistan, or so it seems. Keep an eye on this team and this startup in 2022. The idea behind this startup: MegaDukan is Pakistans most trusted online shopping website with thousands of products and brands. The total Startups in Pakistan have crossed 3000 in 2021 and more businesses are joining this list in 2022. With that, Edmunds highlights five EV startups for shoppers willing to take the plunge. List of Pakistani startups that raised funding in 2021 4 Shares 4 Pakistani startups raised $345+ million in venture capital funding in 2021. In August, Bazaar raised $30 million in Series A funding from Defy Partners, Wavemaker Partners, Acrew Capital, Saison Capital, Zayn Capital, B&Y Venture Partners, Indus Valley Capital, Global Founders Capital, Next Billion Ventures, and Alter Global. If you like spreadsheets, heres the entire list. CompareOn Pakistan Pvt Limited manages KarloCompare.com.pk, A product comparison platform that helps Pakistanis save time and money. It allows students to complete courses at their own pace. Insights about top trending companies, startups, investments and M&A activities. Connecting the unconnected initiative in the Next Billion domain. A mobile gaming studio working on 3D social games that are going push the limits of fun and interaction! Industries: Coworking, Internet, Real Estate. In the first half of 2021, 72% of investors in Pakistani startups were foreign, while 43% of all investors were from the USA. WE BUY CARS AT CarFirst.com. The Lahore-based agri-tech marketplace raised $2.5 million in pre-seed funding round from Sarmayacar, Access Bridge Ventures, Jabbar Internet Group, EquiTie, Seedstars, and angel investors from MENAP, Europe, and North America. It is a study app that offers interactive bite-sized video lectures, MCQ practice tests, and instant math solutions. We selected these startups for exceptional performance in one of these categories: Welp Magazine hosts a yearly startup award honouring the most outstanding entrepreneurs and high-growth businesses in the world. OkayKer, an auto repair startup based out of Karachi, Pakistan, has raised a total of $700,000 in its seed funding round. GrocerApp is a low-cost online grocery store that allows customers to order products from a variety of categories and have them delivered right to their door. The Lahore-based EdTech startup raised $320,000 in pre-seed funding from the i2i Ventures, Walled City Co., Zayn Capital. The Lahore-based online shopping delivery firm raised $85 million in Series B financing co-led by Harry Stebbings from 20VC and Josh Buckley from Buckley Ventures Ltd., with participation from former Y Combinator president Sam Altman. As of 2021, Sehat Kahani has raised $1.5 million in disclosed funding. The idea behind this startup: Erocery Online Grocery Store: We deliver best quality grocery online in Rawalpindi and Islamabad. Users can create an order by providing pickup and drop locations. The Karachi-based freight marketplace startup raised $600,000 in seed funding from Anchorless and Kinnow VC. The Lahore-based e-ticketing startup raised $7.5 million in Series A funding from Zayn Capital, Lakson Venture Capita, Hayaat Global, BY Ventures, Jabbar Internet Group, Millville Opportunities, and Mentors Fund. According to data compiled by Data Darbaar, total investment into the countrys ecosystem topped $125 million across 35 unique deals during this period, almost doubling the total raised in all of 2020, when 48 total deals were completed. Also allows users to track jobs applied and the status of them.  Let us walk you through our Sectors and other offerings, Start using Tracxn for free and get access to, Free reports, portfolio tracking tools, next round investors, curated newsletters and a lot more. This adventure-bound, U.S.-based EV startup was founded in 2009 by RJ Scaringe, the company's CEO . Airlift Technologies: 30-Minute Delivery of Household Essentials. notable investors of these companies, their management team, and recent news are also included. What's the most common types of sub-organization? Over my career, Ive been fortunate to have worked with several incredibly talented Pakistani entrepreneurs. As of 2021, Abhi has raised $2.1 million in disclosed funding. In May, dTrade raised $6.4 million in seed funding from Three Arrows Capital, DeFiance, Polychain Capital, ParaFi Capital, Huobi, Mechanism Capital, Bixin Ventures, IOSG Ventures, Hypersphere Ventures, and Fenbushi Capital. Founded in 2006 by brothers Zeeshan Ali Khan and Imran Ali Khan, Zameen allows you to invest, buy, sell, or rent properties in all major cities of Pakistan. Retailo is a B2B marketplace for small businesses (Kiryana stores) in Pakistan. [CDATA[ The 14 Best Battery Fast-Growing Startups. USD 10,000 / Seed. Airlift Technologies received the largest single private funding round in Pakistans history in August 2021. document.getElementById("ak_js_1").setAttribute("value",(new Date()).getTime()); This site is owned and operated by Fupping Ltd. XGear offers a complete fleet management solution for enterprises as well as This is a continent that in 2015 was eclipsed in total funding by 1 round of Snapchats funding. Invest2Innovate's Pakistan Startup Ecosystem. KTrade takes the fuss out of investing. Airlift was initially launched as an app-based transportation service provider. During the first half of 2021, the Pakistani VC ecosystem also grew by 4x YoY, with Pakistani startups accounting for 7% of total deals made in Emerging Venture Markets (MENA, Turkey, Pakistan). 6. //=b[e].o&&a.height>=b[e].m)&&(b[e]={rw:a.width,rh:a.height,ow:a.naturalWidth,oh:a.naturalHeight})}return b}var C="";u("pagespeed.CriticalImages.getBeaconData",function(){return C});u("pagespeed.CriticalImages.Run",function(b,c,a,d,e,f){var r=new y(b,c,a,e,f);x=r;d&&w(function(){window.setTimeout(function(){A(r)},0)})});})();pagespeed.CriticalImages.Run('/mod_pagespeed_beacon','http://startupill.com/34-best-startups-founded-in-pakistan-in-2020/','8Xxa2XQLv9',true,false,'C-jQMOLIUSY'); a connected-car platform for the everyday driver. The fund will provide initial and follow-on funding to startups . Plus, 91% of the retail market still flows through mom-and-pop stores, talk about an opportunity! 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. How Does An HOA Management Company Benefit Homeowners? Founded in 2021, this is the company's first outside funding, per Crunchbase. Pakistan's largest Pakistani music streaming platform. 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 ). The idea behind this startup: Growatt solar inverter in Pakistan, Get your axpert inverter, revo inverter and tubewell inverter panel in Pakistan by GrowattPk.com. Savaree is a Pakistan-based cab service that offers affordable and safe rides. Bookme Is Pakistan's First Online Ticket Booking Portal That Supports Major Transport Services And Cinemas. Finja is a financial services platform that provides professionals and SMEs with payment, loan, and collection services. Car Chabis smart device lets you do away with your car keys. Zameen is Pakistan-specific software that assists people in navigating the real estate market. Start Ups are early stage companies established based on an innovative idea. Your email address will not be published. According to the company, BridgeLinx has already onboarded thousands of carriers and is moving thousands of freight loads each week. As of 2021, Sadapay has raised $9.3 million in disclosed funding. Paysys Labs provides reliable and secure technology platforms that enable Banks, Telcos and Businesses to offer their customers a vast array. The app is available on the Android & iOS platforms. Undeniably, this list look shorter than I had thought it would. The offering includes apparel, health & beauty, groceries, home & lifestyles, toys, automobiles, and more. Thanks for signing up for the Techshaw Bytes newsletter. The idea behind this startup: PostEx is a hybrid of receivables factoring solutions and courier services. Other notable fundings in the second half of 2021 include TAG ($12MM), BridgeLinx ($10MM), and Dastgyr ($3.5MM). Here is a list of 17 Recruiting companies that have achieved unicorn status. Current incubatees are not included in the list, however, and will be added once they have graduated. You're not alone. You dont even need to leave your inbox. Building a unicorn startup is even harder. Is your startup missing from this list? 4 years is (still) a long time horizon for technology Nearly 6 years ago, I made 10 bold tech predictions for the next 10 years. It also has one of the largest unbanked populations, with about 100 million adults without a bank account. Here is a list of 12 Shipping companies that have achieved unicorn status. While the country has received some notable press in the past few months, the opportunity is massive in the country and deserves more attention and, honestly, much more funding. In this post, I highlight the 7 most well-funded startups in Pakistan. As of 2021, PostEx has raised $8.6 million in disclosed funding. Lets check in and see how Im doing more than Read more, Its Demo Day (again)! Theyve demonstrated strong traction in their lending products for both SMEs and consumers and the market opportunity is HUGE: Small business and consumer lending together represent a $60B market opportunity in Pakistan, of which less than 4% is currently serviced (!). According to Sec Form D, Jabberwock Ventures set out to raise $40 million but could only successfully raise $16.7 million. Keep an eye out for this company in 2022 and pay attention to how quickly they are or arent able to build partnerships with Pakistans leading eCommerce companies. In 2022, I wouldnt be surprised to see Sadapay add additional banking, lending, and investing services as they grow their customer base. AugmentCare is your go-to source for everything in healthcare, providing support, advice, and convenient services in one stop. Over 10,000 supporters have been arrested across the nation, according to Khan. The idea behind this startup: An online food delivery marketplace with online reservation feature using 3d model of restaurants. Bazaar is a B2B marketplace for small businesses (Kiryana stores) in Pakistan. The idea behind this startup: SooperSeller is a powerful Analytical and Management tool to manage Daraz Multi Store, and help sellers to grow their business. Building a unicorn startup is even harder. Enter your account data and we will send you a link to reset your password. What's the investment trend over time for this hub? Dastgyr is pursuing a similar problem that Tajir is attacking but in a different way. In November, PostEx raised an additional $7.1 million in seed funding from Global Founders Capital, FJ Labs, ru-Net, MSA Capital, VentureSouq, Alma Capital, Zayn Capital, and Shorooq Partners. In this post, I do a round-up of all the Pakistani startups that raised venture capital funding during the year 2021. The mobile application is available for Android and iOS users. Africa, especially, is having an incredible 2021, with multiple companies reaching unicorn valuations and many >$100MM rounds of funding. ");b!=Array.prototype&&b!=Object.prototype&&(b[c]=a.value)},h="undefined"!=typeof window&&window===this?this:"undefined"!=typeof global&&null!=global?global:this,k=["String","prototype","repeat"],l=0;lb||1342177279>>=1)c+=c;return a};q!=p&&null!=q&&g(h,n,{configurable:!0,writable:!0,value:q});var t=this;function u(b,c){var a=b.split(". On Deck is where top talent comes to accelerate their ideas and build companies, surrounded by a world-class community. 7 Ways To Streamline Your Startups Processes. Gradiant, $225M, cleantech: Gradiant became one of the newest unicorns last month after raising a fresh $225 million in a Series D led by BoltRock Holdings and Centaurus Capital. According to Ammar Habib Khan, Chief Risk Officer at Karandaaz (a nonprofit focused on digital access to finance): Absence of an identity stack is the weakest link. Committed to help you buy and sell cars online. Making it the 2nd most well-funded startup in Pakistan. Here you'll find all collections you've created before. Also, it offers various services like classifieds, payments management, shopping, etc. $7,500 Friends of the Dempsey Startup Fourth Place Prize: Waltz. Airlift is one of the companies you definitely need to watch in 2022! Required fields are marked *. What follows are companies (excluding ones from China) that raised at least $1 billion in venture capital, but then . HireNinja is the premium network where pre-screened developer ninjas meet their future employers. The idea behind this startup: Zivallo is Pakistani Tech/Business News Media. WhatsApp acquired by Facebook), Total number of people associated with this hub, Full Name: First and last name of a Person, Primary Organization: The organization associated to the person's primary job, Primary Job Title: The person's primary job title, CB Rank (Person): Algorithmic rank assigned to the top 100,000 most active People, Total number of events associated with this hub, Location: Location of the Event (e.g. Additionally, Square made a whopping $29B acquisition of Afterpay, the Australia-based BNPL company. Newcastle is home to hundreds of startups and you can find the 22 best ones in this article. $22.5 million from Sary, Sarmayacar, and Systems Limited. In October, the Lahore-based agri-tech marketplace raised $2 million in pre-seed funding from Global Founders Capital, Zayn Capital, Ratio Ventures, Walled City Co, i2i Ventures, Suya Ventures, Globivest, Afropreneur Syndicate, +92 Ventures, Sunu Capital, Musha Investments. RIVIAN. When To Consider Borrowing From Friends And Family Instead Of A Lender, Some Of The Most Sought After Industries To Build A Startup On, Importance of Press Releases in Public Relations, The Importance of Maintaining a Covid Secure Workplace, Experience Luxury On A Budget: Our Guide To Car Leasing, Steps To Becoming A Better Dota Player | Pro Dota 2 Guides. Top 12 Marketplaces Accelerators and Incubators. BridgeLinx is another newcomer to the Pakistani startup scene. The platform offers features like the point of sale management, supply chain management, digital lending, etc. The idea behind this startup: Information Technology Company, created a Handyman Services Platform named as Nayakam. A red-hot startup with a mission to disrupt the social networking landscape! GO Rickshaw redefines the entire idea of on-demand personal transportation and its landscape in Pakistan. The Karachi-based quick commerce startup raised $2.5 million in pre-seed funding from Unilever Pakistan and VentureDive. These rankings include Crunchbase Hub Profiles, StartupRanking, Digital Pakistan, Venture Capital Investments, TechShaw, CODE International (Entrepreneurs Show) ranking and Success Stories by Pakistani Accelerators. Sukoon.com.pk is an online platform that provides a one-stop solution for all home and office repair and maintenance services needs. Save my name, email, and website in this browser for the next time I comment. Bykea is a social impact app that saves clients time and money by providing INSTANT transport and courier services. To date, Zameen.com has raised $29 million in disclosed venture capital funding. The products available on the platform include supplements, homeopathic, herbal products, personal care & sexual wellness products, and medical equipment. Platform offering operating system for general purpose. The idea behind this startup: Cyber Defence Solutions Provider, Headquarters: Peshawar Lines, Sindh, Pakistan. Timeline 2021:Seed, $3.2 million from Systems Limited. Jugnu is headquartered in Karachi. Follow this startup or buy their offering: The idea behind this startup: Bazaar is an online marketplace that connects retailers directly with wholesalers and manufacturers. Pakwired has a ton of resources for you. Series A, Seed, Private Equity), Average of the Crunchbase Ranks of the organizations in this hub, Organization Name: Name of the Organization, Total Funding Amount: Total amount raised across all funding rounds, CB Rank (Organization): Algorithmic rank assigned to the top 100,000 most active Organizations, Trend Score (30 Days): Movement in Rank over the last 30 days using a score from -10 to 10, Total number of funding rounds associated with this hub, Total funding amount raised across all funding rounds, Total number of acquisitions made by organizations in the hub, Announced Date: Date that the Funding Round was publicly announced, Organization Name: Name of the organization that got funded, Transaction Name: Auto-generated name of transaction (e.g. But first, here are my past YC posts if you want to check how my older picks have done. Also, in September, TAG raised an additional $12 million in seed funding from Liberty City Ventures, Canaan Partners, Addition, Mantis, Fatima Gobi Ventures, and Banana Capital. The fivefold growth of Pakistan tech startups from $66 million in 2020 to around $280 million in 2021 will likely slow. While Tajir helps small business owners in Pakistan manage their inventory, Creditbook focuses on finances, payments, and receivables for those same SMBs. In April, the Karachi-based freight marketplace startupraised$1.5 million in pre-seed funding from Global Founders Capital, Fatima Gobi Ventures, Deosai Ventures, BitRate VC, and +92 Ventures. Platform offering an operating system for general purpose. We've built a list of Pakistani startups that have gone through either an incubator or accelerator program. By using this form you agree with the storage and handling of your data by this website. September, 2016. We're a blue collar worker's placement and management company. In September, Truck It In raised an additional $3 million in pre-seed funding from Global Founders Capital, Fatima Gobi Ventures, Picus Capital, and Zayn Capital. led by MSA Capital in September 2021. I initially wrote about CreditBook in my Middle East Startups to Watch in 2021 and they also have delivered! The idea behind this startup: Logo Hub offers complete designing solutions in pakistan. Pakistan is also considering to ban his political party. Its easier than ever to keep up with startup funding announcements. //]]>. The Karachi-based insurance marketplace raised $150,000 in seed funding from SOSV. In May and June, startups raised an additional $69.2 million, with most of the funding going to eCommerce and FinTech startups. 7. Its for this reason that TAG recently raised an incredible $12MM at a $100MM valuation in a SEED round (!) The idea behind this startup: Chatty is a cloud based social, business and fintech platform. Making it the most well-funded startup in Pakistan. As of 2021, Dastgyr has raised $3.5 million in disclosed funding. Thank youZubair Naeem Parachaand Mutaher Khan for reviewing the list of startups for this post and keeping me honest. Mucho is an incredibly interesting company (still in beta release) with very impressive early traction. Industries: E-Commerce, Internet, Retail, Shopping. TAG is looking to capitalize on this opportunity in Pakistan, which has the 3rd largest unbanked adult population globally. PerkUp helps you get loyalty rewards from different businesses in the country and you can also get loyalty cards. But there is still plenty of ground to cover: The retail market in Pakistan is >$150B and has been growing at 9% YoY for 20 years. Vice Media has filed for bankruptcy, despite having raised over $1.6 billion from venture capitalists. In June, the Islamabad-based neobank raised $5.5 million in pre-seed funding from Quiet Capital, Liberty City Ventures, Fatima Gobi Ventures, and Unpopular Ventures. Brighterlite Pakistan acquired by EcoEnergy, Total number of organizations associated with this hub, Where the hub is headquartered (e.g. The amount raised by Jabberwock is a matter of much debate, but it is estimated to be between $16$20 million. Anyone and everyone can do it because it is simple and convenient. LabCloud is connecting patients with labs through its online platform to provide lab services at home and let you view reports online. About me: Founder, CEO, CTO, CFO, CMO, CISO, Director, Head of the Board, Head of the oversight board, Executive, Legal Council, Head of Hiring, HR Manager, Consultant. The idea behind this startup: Valuegig enables start-ups, businesses, and organizations to hire freelancers from a growing network of top talent in the world. A lot of incubators do not regularly update their websites and/or social media pages, so there is always the possibility we are missing names. Industries: Finance, FinTech, Digital Investments, Personal Finance, Founders: Sarfraz Hussain and Muhammad Furqan Karim Kidwai. It allows you to find and book the perfect beauty service near you and avail exclusive discounts for services at top tier salons. Online marketplace offering multi-category products. Your email address will not be published. The Lahore-based streaming platformraised$400,000 in seed funding from 47 Ventures. As of 2021, Bagallery has raised $5.4 million in disclosed funding. %privacy_policy%. App-based platform offering multi-disciplinary learning solutions for students. And, believe it or not, there are no neobanks with serious traction in Pakistan. Can you feel the acceleration? The company was founded in 2020 and has a simple model: Connect shippers to carriers through a marketplace. As of 2021, Bazaar has raised $37.8 million in disclosed funding. Pakistan was the 4th biggest positive mover in the World Banks Ease of Doing Business Index last year. 64 deals, 53 startups, and $345+ million raised in disclosed startup funding. In July, Dastgyr raised an additional $3.3 million in Seed funding from SOSV, ADB Ventures, Seedstars, Edgebrook Partners, Zayani Venture Capital, and Tricap investments. $25,000 Herbert B. Jones Foundation Grand Prize: Cledge. Given the funding fury in Pakistan as of late, I wouldnt be surprised to see the company raise a significant up round in late 2021 or early 2022 to fuel even faster growth. ReadUp is a digital publishing house and ebook marketplace. To use social login you have to agree with the storage and handling of your data by this website. "It's not going to go to $1.5 billion [next year]," Gondal of Zayn Capital said. Although TAG has the PR lead, there is plenty of room in Pakistan for (at least) 2 neobanks! In May and June, startups raised an additional $69.2 million, with most of the funding going to eCommerce and FinTech startups. If you are a founder, we want to interview you. The Lahore-based B2B e-commerce marketplace raised $17 million in Series A funding from Kleiner Perkins, Y Combinator Continuity Fund, AAVCF, Fatima Gobi Ventures, Flexport, Golden Gate Ventures, Liberty City Ventures, and VentureSouq. An Augmented and Virtual Reality, Gamification and IOT Startup. As investors become more familiar with Pakistan and learn more about the macro trends in the country, the opportunity is incredibly clear. The international funding institutions have discovered potential and opportunities in Pakistani young people. The idea behind this startup: Pure air for anyone, anytime, anywhere! The idea behind this startup: The Cube is a coworking space which provides a shared, community-driven work space to entrepreneurs, professionals and freelancers. As I mentioned at the beginning of this post, Pakistan is at an incredible inflection point and has already begun its exponential growth. Timeline 2019:Seed, $2.2 million, from Gobi Partners, Indus Valley Capital, and Fatima Ventures. 2019:Series A, $14 million, from First Round Capital, Indus Valley Capital, Gobi Partners, and Fatima Ventures. 2020: Series A1, $10 million from Quiet Capital, TrueSight Ventures, RT Ventures, Shorooq Partners, ACE Capital, and existing investors. Use it and feel safe. Angel, Fund of Funds, Venture Capital), Median number of investments made by investors in this hub, Announced Date: Date the acquisition was announced, Acquirer Name: Name of the acquiring organization, Transaction Name: Auto-generated name of transaction (e.g. Some of these names are well known, and have been reviewed here on Pakwired as well, while others are as yet flying under the radar. Aileen Lee, Ameet Shah . As of 2021, TAG has raised $17.6 million in disclosed funding. Ive dug deep Read more. The aim they started with was to be a 'one-stop solution for impulsive buying'. The Lahore-based quick commerce startup raised $85 million in Series B funding from 20 VC, Buckley Ventures, Quiet Capital, and Indus Valley Capital. The water tech startup is now valued at $1 billion. 64 deals, 53 startups, and $345+ million raised in disclosed startup funding. Zameen.com has single-handedly revolutionized real estate buying and selling in Pakistan. Instead of providing a curated platform with thousands of items like Tajir, Dastgyr offers a B2B marketplace, with an order of magnitude more items, and empowers those retailers to purchase directly from suppliers. Here is a list of 4 Commercial Real Estate companies that have achieved unicorn status. Here you will find a comprehensive overview of top startups of Pakistan. Outnet is a product of 24Grey Pvt Ltd, Daraz.pk is the largest online shopping platform for fashion fanatics in Pakistan. The OG BNPL company, Affirm, went public earlier this year and is currently trading at a $36B+ valuation. The amount raised is more than . By the end of 2021, the company is planning to expand to 15 Pakistani cities up from the current 8. The Islamabad-based digital media platform raised $2 million in Series A funding from undisclosed investors. The Karachi-based B2B app development startup raised $100,00 in seed funding from HRSG. We publish weekly interviews and short and long-form articles to help you become a better founder. $15,000 BECU Second Place Prize: AMOR. Car Rentals Marketplace, where Members can rent any car they want, from a Community of Local Car Owners and Car Rental Companies, doctHERs matches the underutilized capacity of female doctors with the unmet healthcare needs of health consumers. Airlift Technologies has an incredibly interesting COVID-19 story. The idea behind this startup: Public Relations & Communications, The idea behind this startup: Breaking-Ad is a Lahore Based Screen-Lending Startup that Advertises your content to the public at street level on the top of Taxis, The idea behind this startup: LMS (Learning Management Systems), Big Data Automation and Scanning, Web Develolpment and Solutions, Headquarters: Lahore Cantonment, Punjab, Pakistan, Industries: Data Center Automation, Education, Enterprise Software, Higher Education, Web Design, Web Development, Web Hosting. Dawaai is a digital health platform that includes an online pharmacy network and generic pharmaceuticals. In January, the Karachi-based crypto derivatives startupraised$885,000 in pre-seed funding from Polychain Capital, Pnyx Ventures, ParaFi Capital, Meltem Demirors, Hypershare Ventures, Divergence Ventures, CMS Holdings, and AU21 Capital. Making it the most well-funded startup in Pakistan. All other data points as on May 31, 2021. Pakistan's military plans to try the protesters in . The brand caters to the snacking ecosystem. The idea behind this startup: A boutique Pakistan web development agency. JavaScript is disabled in your browser. The Lahore-based healthcare marketplace raised $3.3 million in Series A funding from 47 Ventures, Habib Bank Limited, and Dilsons Private Limited. Top 25 Accelerators and Incubators in Pennsylvania. Company Overview Funding I sincerely hope you enjoy my profile of the Top 10 Pakistani Startups to Watch in 2022 and that you start learning more about the powerful things happening both in this country and in the startup scene. Finja hasnt received the same level of press coverage as some of the other startups Ive profiled so far, but I wouldnt be surprised if that changes in 2022. (function(){for(var g="function"==typeof Object.defineProperties?Object.defineProperty:function(b,c,a){if(a.get||a.set)throw new TypeError("ES3 does not support getters and setters. The company also raised an incredible $85MM Series B round in August 2021, a record for Pakistani startups. That is impressive for any country, let alone one with a still nascent startup and VC community. Wasio Ali Khan Abbasi, Jamaluddin, Mohammed Waqas Pervaiz, Usman Hussain, Khalid Bajwa, Humayun Haroon, Iqbal Talaat, Faisal Sherjan, Ali Gohar Wassan, Mubbasher Ahmed Qureshi, Syed Ahmad Hussain, Osama Alam, Misbah ur Rehman, Ali Ishaq, Farooq Haider, Aown Abbas, Muhammad Awais, Hassan Baig, Fahad Rao, Sophia Pervez, Shahbaz A. Khan, Naveed Awan, Ahmed Mehanti, Arif Baigmohamed, Magnus Olsson, Mudassir Sheikha, Abdulla Elyas Abdulla Elyas, Mubassir Hayat, Ebtihaj Khan , Haroon Baig , Zahid Ali, Baqar Abbas Jafri, Sennen Desouza , Hammad Ali Hashmi, Muhammad Ahmed Khalid, Kamran Shahid Butt, Ali Zain Sheikh, Niroshan Balasubrimaniam, Adam Dawood. Organizations in this hub have their headquarters located in Pakistan, Asia; notable events and people located in Pakistan are also included. The Lahore-based HealthTech marketplace startup raised $1 million in seed funding from Indus Valley Capital. The total startup funding in Pakistan has crossed the figure of $300 million, according to the state bank of Pakistan. Interestingly, many of Dastgyrs founding team members also originally worked at Airlift, before leaving to start the company. The Foundation & Invest2Innovate & Plan X. In May, the Karachi-based bookkeeping and payments startupraised$1.5 million in seed funding from BitRate VC, Venture Souq, Better Tomorrow Ventures, Ratio Ventures, Toy Ventures, Quiet Capital, and i2i Ventures. The Big Seminar for Your Right Investment, Successful Marketing Ads for Your Business, Probiotics Research Lab opened in the University of Veterinary and Animal Sciences Lahore. Startups having their Head Quarters or atleast one office location in Pakistan. Weve done a roundup on various incubators, you can read them here. (Egypt) Magdy Abdelhafeez: We specialize in construction projects including infrastructure and electromechanical installations. The Karachi-based cashback and rewards platform raised $3.3 million in seed funding from Global Founders Capital, Zayn Capital, Fatima Gobi Ventures, Rally Cap Ventures, +92 Ventures, and Suya Ventures. In March, the Karachi-based bookkeeping startup graduated from Y Combinators Winter 2021 batch and raised $125,000. Mucho even enables community leaders and influencers to create new income streams through steady sales commissions from their local social networks, win-win! Why To Partner With A Corporate Travel Management Company? Have you ever wondered who is on the list of companies with the highest growth rates in Pakistan? 2021: Series B, $85 million from 20 VC, Buckley Ventures, Quiet Capital, and Indus Valley Capital. Yayvo.com is Pakistans fastest growing eCommerce store, backed by TCS Express & Logistics. While the model is simple, the opportunity in Pakistan is huge and investors are noticing. The Future Of CPR Training: Get Certified Online Today! Online B2B marketplace for multi-category products. They are all exceptional startups well worth a follow. Although I dont know the full backstory here, its exciting to see top technology talent begin to build the ecosystem that will help turn Pakistan into a startup powerhouse of the Middle East! It was a tremendous year for Pakistani startups. Bykea is an online marketplace platform for on-demand two-wheeler ride-hailing and hyper-local delivery services. The idea behind this startup: TenthWheel is an online platform that connects Shippers with Truckers in the immensely fragmented Pakistani market, Headquarters: Islamabad, Islamabad, Pakistan, Industries: Freight Service, Logistics, Transportation. The Karachi-based quick commerce startup delivering groceries raised $6 million in pre-seed funding round from MSA Capital, ru-NET, Global Founders Capital, Zayn Capital, Saison Capital, 2AM, Mehta Ventures, Jedar Capital, and Lakson Venture Capital. The start-up remained in the spotlight as the driving force behind the start-up was a Cornell graduate Sahr Said. 9. Divvy, BILLs spend and expense management solution, is one of the easiest and most efficient ways to manage your company spend. While TAG is often referred to as the only or the first neobank in Pakistan, Sadapay shouldnt be overlooked. QisstPay is bringing BNPL to Pakistans 220MM residents. These startups are taking a variety of approaches to innovating inside of Pakistan and around the world. Over the next few months from February to April, 7 companies raised $42.6 million in funding. If you're building a Hospital startup, you must check these 8 companies in your industry that have been valued at +$1B (unicorn status). Join +25,000 other startup founders! Oops. However, during the pandemic, it pivoted to quick commerce. As I continued my writing on startups, I expanded my view to Latin America and Africa, which today are among the fastest-growing regions for startups. Pakistan is doing its part to improve infrastructure and make it easier for startups and investors to operate in the country. Asia Digest: KKR-backed GenesisCare files for bankruptcy; OkayKer bags seed funding, Pakistani Auto Repair Startup OkayKer Raises $0.7 Million in Seed Funding, Sana Nauman Chaudhry Leads Environmental Sustainability With Breath IO, KalPay Co-Founders Make it to Forbes 30 under 30 Asia List 2023, ABHI Becomes MENAPs First Fintech to Issue Islamic Bonds (Sukuk), Data Vantage: Maqsad, XM Studios, Advance and Ficofi report cap table updates, University Rankings In Pakistan (Edition 2023.1). The Company covers a vast area of over 6,500 square kilometers and supplies electricity to all the industrial, commercial, agricultural and residential areas that come under its network, comprising over 2.2 million customers. The entity was nationalized in 1952 but re-privatized on November 29, 2005.  Provider of an online store for the purchase of medicines and healthcare products. This article showcases Startup Pills top picks for the best Pakistani startups. If you have an interest in e-commerce, telecommunications, or general business and technological advancements, youll love PakWired. The Karachi-based committee (community savings) startup raised$3 million in Seed funding from Zayn Capital, Resolution Ventures, i2i Ventures, Hustle Fund, Haitou Global, and Wavemaker Partners. On 28th July, 2021, our company's name was changed to Tracxn Technologies Limited. Are you a budding entrepreneur, interested in launching the next big thing? Below is the list of Pakistani Startups which succumbed to the tough spell. In October, the Lahore-based payments and lending startup raised $1.5 million in seed funding from MSA Capital, Shorooq Partners, Zayn Capital, VentureSouq, PNO Ventures, and +92 Ventures. Japan, San Francisco, Europe, Asia), CB Rank (Event): Algorithmic rank assigned to the top 100,000 most active Events. K-Electric which was formerly know as Karachi Electric Supply Cmpany is the only vertically-integrated power utility in Pakistan that manages the generation, transmission and distribution of electricity to the city. A content site for startups founders. Sadapay is following the tried-and-true neobank playbook, starting with a debit card and a no-fee bank account + free, instant transfers to any bank or wallet in Pakistan, and 3x/month free cash withdrawals at any ATM in Pakistan. MeraPlan is a platform for all the travel, tour, hajj umrah services by providing you quality services in cheapest rates. As of 2021, Tajir has raised $19 million in disclosed funding. enable it to enjoy the full features of Tracxn. InteraCtas vision is to revolutionize how people engage with their environment. Why Do You Need Patent Translation Services In 2023? Here's a list of 53 failed B2B startups, analyses on why they shut down, and interviews with their founders. Wherever possible, information was collected from either the incubator, or startup, website. Startups are hard and achieving success with them is even harder, but here is a list of the 14 most successful Battery companies. The Lahore-based grocery delivery startup raised $150,000 in seed funding from SOSV. We've compiled an extensive list with the 12 best accelerators and incubators in the Marketplaces industry. More than 100MM adults in the country dont have a bank account, representing approximately 70% of the adult population! The system of retail in Pakistan is incredibly fragmented and inefficient and the company has made big strides in changing that. Here are 5 startups from Berlin that have shut down in the last years, analyses on their failure, and interviews with their founders. While youll recognize a few of the names in the list, chances are you wont recognize many of them, and thats a good thing. This list includes VC or Angel-funded active startups founded or co-founded by a Pakistani and headquartered in Pakistan and or having the majority of operations or employees or founders/co-founders in Pakistan. 1. This free sheet contains 100 accelerators and incubators you can apply to today, along with information about the industries and stages they generally invest in. As of 2021, dTrade has raised $7.3 million in disclosed funding. The idea behind this startup: Baitblock is a software that eliminates distraction from the internet by blocking websites, site personalization and cookies notification. App-based platform offering multi-disciplinary learning solutions for students. The Karachi-based e-commerce logistics startup raised $2.3 million in seed funding from Global Founders Capital, Fatima Gobi Ventures, TPL E-Ventures, Transhold, and Asian Development Bank. Uniquegraphs Review: Six Reasons to Start Trading with This Broker, Every Way You Could Use A Small Business Loan, How To Improve Your Tenant Payment Process With Rent Collection Services, Ways To Upgrade Your Vacation Rental Properties, How To Know When To Take Your iPhone To The Service Center. It began in January, when $13.5 million was raised. Considering that, I decided to look at some of the most well-funded startups in Pakistan and how much money they have raised. P.S. Online Pharmacy Store in Pakistan - Medonline.pk, Pakistan's first & biggest online marketplace for women, that provides entrepreneurship & earning opportunities to home-based women & women-, We pickup, wash & deliver your clean clothes at your door step. Best Online Grocery Store (Islamabad & Rawalpindi). It was a tremendous year for Pakistani startups. PriceOye raises $7.9 million in seed funding, Lettus Kitchens raises $250,000 in seed funding, Find My Doctor raises an undisclosed amount in pre-series A funding. Follow us for the hottest automobile news, updates and vid. The five largest disclosed startup funding rounds in 2021 were: Airlift ($85m), Bazaar ($30m), Tajir ($17m), Qisstpay ($15m), and TAG ($12m). Startups are hard. Because details are not available, we are filing this under seed for simplicitys sake. Rozee.pk is a tinder for jobs application which allows users to make profiles, search for jobs and swipe accordingly. 2. The Islamabad-based cloud kitchen startup raised $250,000 in seed funding from multiple angel investors. It was founded in 2020 by Muhammad Talha Ansari, Muhammad Nowkhaiz, and Wahaj Ahmed. Provider of an online store for the purchase of medicines and healthcare products. The Gilgit-Baltistan-based hospitality startupraised$300,000* in seed funding from MFSYS. Buy Now, Pay Later is absolutely CRUSHING 2021. Here's an extensive list with the 25 best accelerators and incubators in Pennsylvania. In November, Udhaar raised an additional $6 million in seed funding from Fatima Gobi Ventures, Muir Capital, JAM Fund, Commerce Ventures, Liberty City Ventures, Atlas Ventures, and Integra Partners. Online and phone based fruits and vegetables delivery service for household consumers and corporate customers in the HORECA sector. Helps you make intelligent investment decisions. Neobanks are some of the most well-funded and highest valued startups around the world: ChimeUSA ($25B), NuBankBrazil ($30B), RevolutUK ($33B), N26Germany (>$3.5B), just to name a few! Individuals as well as professionals can use the website to find reliable and competent plumbers, electricians, carpenters and household help, etc. Salesflo is a business-to-business platform that allows retailers to place orders directly with manufacturers, wholesalers, and authorized distributors. The Lahore-based grocery startup raised $5.2 million in Series A funding from Hayaat Global, Millville Opportunities Fund, Wamda Capital, Jabbar Internet Group, Nama Ventures, Haitou Global, Lean Bricks, and Walled City Co. As of 2021, Grocer App has raised $6.2 million in disclosed funding. In 2020, Pakistani startups raised a total of $66MM. 5. We intend to provide a business platform for fashion graduates to launch them The platform offers various services like two-wheeler hailing, food, medicine, grocery delivery services, and more. Online B2B marketplace for multi-category products. Top 4 Commercial Real Estate Unicorn Companies in 2023. The first half of 2021 was simply incredible for Pakistani startups. The Karachi-based retail stock trading startup raised $4.5 million in seed funding from TTB Partners and HOF Capital. Complete List of 2023 Dempsey Startup Prize Winners. Download Our List of The Top 100 Accelerators & Incubators, Download The List of the100 Highest-Valued Unicorns, Get Free Access to The Founder's Handbook, The All-In-One Newsletter for Startup Founders, 53 Failed B2B Startups & their Case Studies. Over the next few months from February to April, 7 companies raised $42.6 million in funding. There are hundreds of companies in this country, and it can be difficult to keep track of them all. Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees. Messiah is an android based Emergency Alert Messenger. The Karachi-based telemedicine startupraised$1 million in pre-Series A funding from Islamic Development Bank, 10Pearls Ventures, Mentors Fund, Impact Fund, Impact Investment Exchange, KASB Securities, and Din Group. As of 2021, Dawaai has raised $10.5 million in disclosed funding. In addition to this high-level business model innovation, Muchos approach combines discovery-based social sharing, community group buying, an exclusive club-membership, a gamified shopping experience, and next-gen payment solutions. Daraz.pk is an online marketplace offering multi-category products. How much aggregate funding have these organizations raised over time?

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