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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 at the Angels Networking Event and met Iffi Wahla and Naeem Zamindar.
The deal was locked by Teamup Angels own legal counsel Professional Consultants (Private) Limited managed by Mohtashim Ahmad Siddiqi and Khalique Zaman. TeamUp Angel Investors Network is an event, where startups pitch their innovations to potential Investors, which is held at the National Incubation Center (NIC), Islamabad. NIC works in collaboration with the Ministry of Information Technology (MOIT), jazz, Ignite, managed by TeamUp. ezWiFi, E42 Ventures, and Neem Exponential joined the event as participants. A match was made and Teamup Angels is proud to announce that what started as a casual meeting during the Teamup Angels Networking event turned into a long-term partnership.
In a short span, ezWiFi is providing Free Wi-Fi at more than 100 prominent brands like Jazz, The Coffee Bean & Tea Leaf, Second Cup, Unilever, and L’Oréal to provide its services at marts and other public areas.
Sher Ali Khan, Founder and CEO ezWiFi states that “ezWiFi is a purpose-driven company. We are on a mission to connect the next billion and this funding round is an important milestone in our journey. With it, we have the resources to turbo-charge our growth and build a superstar team.”
Naeem Zamindar, Angel investor remarked, “I love Sher’s vision and how he has created a business model and technology platform that has the potential to enable a billion users with access to the Internet but also enable restaurants, retailers, etc. to digitalize their businesses, marketing, and finances over time.”
Iffi Wahla, at E42 Ventures, said, “We are looking to build our presence in Pakistan as we see tremendous potential in what a nascent startup ecosystem is still. ezWiFi has us excited because it offers an opportunity to connect the masses to high-speed Internet while providing value to businesses. With the right investment, not just capital, but with people and infrastructure, we believe ezWiFi has the capability to not only capture the local market but go global and E42 is delighted to be a part of the process.”
In addition, to make money from Wi-Fi, ezWiFi offers businesses a web and a mobile application that will be beneficial for the owners to review analytics, run promotions, build customer lists, collect feedback and manage multiple locations.
The National Incubation Center (NIC) is the first of its kind and the largest Incubation center in Pakistan, providing state-of-the-art facilities and coaching for startups and acting as a bridge between entrepreneurs, innovators, and investors.
