Oladoc raises $1.8 million in pre-Series A funding
Oladoc, a Lahore-based healthcare marketplace, raised $1.8 million in pre-Series A funding from Sarmayacar and Doha Tech Angels. Elevator Pitch: Find and book doctor appointments instantly.…
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ezWiFi raises an undisclosed amount in pre-seed round
ezWifi, an Islamabad-based internet sharing startup, has raised an undisclosed amount in pre-seed funding from E42 Ventures and Naeem Zamindar, an angel investor. Elevator Pitch: Helping…
Startup Funding Rounds – Explained
The startup ecosystem in the country is booming at the moment. Every other day, there is news about a startup raising investment. You hear terms such as seed funding, Series A funding, and so…
Bryt raises an undisclosed amount in seed round
Bryt, a Karachi-based e-learning startup, has raised an undisclosed amount in a seed round from MAGM Holdings. Elevator Pitch: Making e-learning more engaging by offering bite-sized videos and…
Government imposes taxes on IT products
The government has levied taxes on mobile phones and laptops in its mini-budget. These taxes include: 17% tax on mobile phones, valued at $200 to $500 17% tax on imported machinery for…
Ministry of Commerce to establish an e-commerce business facilitation hub
The Ministry of Commerce has planned to collaborate with the Securities and Exchange Commission of Pakistan, the Federal Board of Revenue and the State Bank to create an e-commerce business…
Jiye Technologies begins expanding
Jiye Technologies, an agri-tech startup, has begun expanding across Pakistan. It will be launching its operations in Karachi and has onboarded over 10,000 retailers for its expansion plan.…
Buy Now, Pay Later license granted to QisstPay
The Securities and Exchange Commission of Pakistan (SECP) has granted QisstPay the first-ever BNPL license in Pakistan. Why it matters: This Non-Banking Finance Company (NBFC) license is the…
Pakistan ranks 99th in the Global Innovation Index
Pakistan has ranked 99th this year out of 132 economies on the Global Innovation Index, improving its ranking from 107 last year. It ranked 105 in 2019. Tell me more: Pakistan ranked 7th among…
SBP launches licensing and regulatory framework for digital banks
The State Bank of Pakistan has announced a license and regulatory framework for digital banks. Tell me more: The licensing and regulatory framework has details for setting up digital banks as…
Cloud Kitchens Explained
The pandemic wreaked havoc worldwide, with businesses closing down, but an industry that witnessed an unprecedented boom was the food industry. Since people could not step out of the house,…
