Bykea raises $10 million in funding
Bykea, a Karachi-based mobility super app known for its bike-sharing and on-demand delivery services, raised $10 million in funding from existing investors Prosus Ventures, Middle East Venture…
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Out-Class raises $500,000 in seed funding
Out-Class, a Lahore-based EdTech startup, raised $500,000 seed funding from the House of Habib. Elevator pitch: Netflix for students. Make me care: Pakistan has the world’s second…
Rider raises an additional $3.1 million in seed funding
Rider, a logistics startup based in Karachi, raised an additional $3.1 million seed funding from Y Combinator, i2i Ventures, Soma Capital, Flexport Fund, Rebel Fund, Global Founders Capital,…
Dastgyr raises $37 million in Series A funding
Dastgyr, a Karachi-based B2B marketplace for small businesses (Kiryana stores), raised $37 million in Series A funding from VEON Ventures, Zinal Growth, DEG, Khwarizmi Ventures, OTF Jasoor…
24Seven.pk raises $1 million in seed funding
24Seven.pk, a Lahore-based grocery delivery startup, raised $1 million in seed funding from Betatron Venture Group. Elevator Pitch: Creating a single, cohesive brand experience for mom and pop…
Farmdar raises $1.3 million in seed funding
Farmdar, a Karachi-based agritech startup, raised $1.3 million in seed funding from Indus Valley Capital, Deosai Ventures, Tricap Investments, United Distributors Pakistan Limited, The…
Truck It In announces layoffs
Truck It In, a Karachi-based freight marketplace startup, announced that it would lay off 30% of its workforce. Tell me more: Truck It In announced that the global economic downturn had led…
A Changing Global VC Landscape
The global venture capital landscape is changing rapidly. Some of these trends are well documented, while others are just emerging. I’m writing this piece to highlight what they are and…
The different types of crypto tokens explained
When the pseudonymous Satoshi Nakomoto invented Bitcoin in 2009, it was intended to function as a new system of electronic cash. Blockchain technology, the database on which Bitcoin…
Airlift announces shutdowns and layoffs
Airlift, a Lahore-based quick commerce startup, announced that it would shut down operations in some cities and reduce its staff due to the current economic downturn. Tell me more: Airlift…
ZoodPay acquires Tez Financial Services for an undisclosed amount
ZoodPay, a provider of buy now, pay later (BNPL) services in the Middle East and Central Asia region, has acquired Tez Financial Services. The Deal: ZoodPay did not disclose the amount it paid…
