ezBike, a vertically-integrated electric mobility startup, announced today that it has raised $1m in pre-seed capital to accelerate the transition to Electric Vehicles (EVs) in Pakistan. Investors in the round include i2i Ventures, Walled City, GroundUp, and leading angels in the United States, including a prominent tech billionaire. The funds Continue Reading
NayaPay, the first eMoney institution in Pakistan, and StormFiber, the largest fiber broadband service provider in the country, have announced their partnership to accelerate digital payments. StormFiber is one of the fastest growing fiber-optic ISPs with a network spanning across 15 cities and scaling to 25+ cities by the end Continue Reading
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 strategic investment of $22.5 million, accelerating Jugnu’s growth and expansion. This strategic investment in Jugnu’s Series A round, led by Sary with participation from Sarmayacar and Systems Limited, Continue Reading
Rozee.pk, Pakistan’s leading job portal, launches an industry-first dedicated space for VC-funded startups. The traditional model of doing business is quickly undergoing a transformation with the advent of the new digital economy, which is being fuelled by the rise of startups in Pakistan. These innovative, ground-breaking, and agile companies are Continue Reading
Led by Hamza Jawaid and Saad Jangda, Bazaar is B2B e-commerce & fintech startup that is headquartered in Karachi, Pakistan. In a Series B round, the startup has managed to raise a whopping total of $70 million led by Dragoneer Investment Group and Tiger Global. This successful investment comes just Continue Reading
NayaPay, a Pakistan-based fintech platform, has raised $13 million in one of the largest seed rounds in South Asia. Bringing together a diverse mix of leading global institutional and angel investors, the round was led by Zayn Capital, global fund manager MSA Novo and early-stage VC Graph Ventures from Silicon Continue Reading
Guiding young leaders on their path to success, Telenor Pakistan’s Digital Accelerator Program, Telenor Velocity, has opened its doors to applications from startups for its 8th Cohort. Startups in the Velocity program are offered business development support and mentorship via Telenor Pakistan’s experts, analytics, and exclusive access to scaling opportunities. Continue Reading
ezWiFi has announced a six-figure Pre-Seed funding round led by Iffi Wahla from E42 Ventures (US) co-invested by Naeem Zamindar. ezWiFi is a Pakistani startup building the sharing economy for Wi-Fi by enabling brick-and-mortar stores to make money by offering their customers Free WIFI. Sher Ali Khan founder, ezWiFi pitched Continue Reading
The National Incubation Center is the startup innovation and entrepreneurial hub of Pakistan, managed by Teamup and Jazz in collaboration with Ignite and the Ministry of Information Technology. Since its inception in 2016 the NIC has incubated 11 cohorts, consisting of more than 250 startups, that have gone on to Continue Reading
Telenor Pakistan, via its Velocity program, has collaborated with Sehat Kahani, a telemedicine startup, to bring quality and affordable digital healthcare solutions to the masses of Pakistan. The collaboration was recently celebrated through a memorandum of understanding at Telenor Campus, 345, in Islamabad in the presence of well-reputed and seasoned Continue Reading
