Tech Startups Succeed in Acquiring Funding

The tech startups in Pakistan seem to have bright futures, as the businesses seem to meet the needs of their consumers, and the customers also happen to like what services they can utilise through these tech platforms to deliver solutions.

Seeing the development of these tech startups, and the promising success rates, many foreign investors want to inject money into the ventures.

Some of the startups are already worth billions of dollars! That’s how well they seem to be doing.

So let’s look at 6 tech startups in Pakistan that are getting funded that you might not have known about:

Daraz.pk

Who doesn’t love online shopping? What are you looking for… a blender, new headphones, what about a 3D printer?

Daraz Group is South Asia’s leading eCommerce platform, providing access to 50 million products for 40 million monthly active users.

Daraz was first set up in Karachi in 2012. The founders wanted to focus on the e- commerce industry. They have up to date received funding of $55,600,000.

Their investors have included Alibaba Group, CDC Group, Asia Pacific Internet Group.

Bykea

Need to hail a ride? Have to get something urgently delivered? What about sending a parcel over to a friend’s house?

I’ve lost count of the amount of times I’ve urgently needed something delivered to the house, or I’ve wanted to send a parcel over to a loved one in the same city. Bykea has always been the solution!

Bykea enables a crowdsourced network of motorbike owners to transport people, parcels, on-demand shopping, and payments within a city.

Bykea was first setup in Karachi in 2016. It covers the industries of Classifields, Courier Service, Local Shopping  and Ride sharing.

Bykea has so far received a funding of $18,700,000. Investors have included Prosus Ventures, Middle East Venture Partners and Sarmayacar.

Zameen.com

Need help with the real estate market? Zameen is only a click away to help you with your property management and real estate needs.

Zameen is Pakistan’s first and largest property portal. In fact its among one of the top five property portals in the world!

It was started in 2006, and over 5 funding rounds has received £31,100,000.

Its investors include Frontier Digital Ventures, VNV Global, Catcha Group and Gilles Blanchard

Salesflo

Salesflo is a business-to-business platform that allows retailers to place orders directly with manufacturers, wholesalers and authorised distributors.

With purpose build tools for improving in-field sales efficiency for consumer goods, Salesflo is one of the fastest growing Software as a Service platform.

Salesflo first started in 2015 and convers the industries of B2B, Crowdsourcing, e-Commerce, Logistics.

The company has so far received funding of $64,446 by Systems Limited.

TAG

TAG is Pakistan’s first digital bank for the masses. It aims to assist people with basic banking such as opening a bank account, and Visa Debit card to employer payrolls, salary advances, savings and neo-brokerage in future.

TAG was started in Islamabad in 2020 by founder Talal Ahmad Gondal.

The bank has so far received funding of $5,500,000 by quite a number of investors  such as Visa, Y Combinator, Quiet Capital, Immad Akhund and Unpopular Venturestups

Were you surprised by this list? It’s certainly a delight to see how well Pakistan’s startups are doing. Not just that, but also being recognised on a global platform!

About the author:

Aimen Rehman is a journalist who has written about various niches over the past 8 years. As long as there’s an interesting story in sight, her pen must write. She enjoys human interest stories and digging up details.