🎉 Happy New Year!
And whatttaaaa year it was.
64 deals, 53 startups, and $345+ million raised in disclosed startup funding.
A phenomenal year.
In last month’s newsletter, I had prematurely predicted that Q4 might be a ‘meh’ quarter. But we got a late December surprise.
During the last three weeks of December, eight startups announced $42 million in funding. See below for the list.
I will be unpacking more of the data in the coming days and months.
📣 Introducing misaal, a podcast by Techshaw
Last year, I decided to do a minimum of two things. One, hire a staff writer. And I did. Two, start a podcast. And I did that in December.
Three episodes are already out, and I have some fantastic guests lined up in the next few weeks.
Please consider subscribing if you haven’t already. It’s available everywhere podcasts can be listened to, including YouTube.
Here’s the most recent episode with Mutaher Khan. He writes about startups and technology for DAWN, and when he’s not writing about startups, he’s building Data Darbar.
We talk about startup funding in Pakistan, why he thinks 2021 was a turning point, and what to expect next year.
💰 Funding (disclosed)
Clicky raised $2.4 million in pre-Series A funding from Tricap Investments, CSHL, and multiple angel investors.
Bookme.pk raised $7.5 million in Series A funding from Zayn Capital, Lakson Venture Capita, Hayaat Global, BY Ventures, Jabbar Internet Group, Millville Opportunities, and Mentors Fund.
Bagallery raised $4.5 million in Series A funding from Zayn Capital, Lakson Venture Capital, and Hayaat Global.
Krave Mart raised $6 million in pre-seed funding round from MSA Capital, ru-NET, Global Founders Capital, Zayn Capital, Saison Capital, 2AM, Mehta Ventures, Jedar Capital, and Lakson Venture Capital.
Creditbook raised $11 million in pre-Series A funding from Tiger Global, Better Tomorrow Ventures, Firstminute Capital, Banana Capital, VentureSouq, Ratio Ventures, and i2i Ventures.
Jiye raised $2.5 million in pre-seed funding round from Sarmayacar, Access Bridge Ventures, Jabbar Internet Group, EquiTie, Seedstars, and angel investors from MENAP, Europe, and North America.
Tazah raised $4.5 million in pre-seed funding from Fatima Gobi Ventures, Vibe Capital, Shorooq Partners, Nuwa Capital, Ru-net, Alter Global, Julian Capital, Kinnow Capital, Early Grey Capital, K3 Fund, Global Founders Capital, Zayn Capital, i2i Ventures, and Angel investors Sahil Bloom, Siqi Chen, and Matt Brezina.
Healthwire raised $3.3 million in Series A funding from 47 Ventures, Habib Bank Limited, and Dilsons Private Limited.
Pakistanis own $20 billion in Crypto. Excuse me, no, they don’t. Unprecedented growth spurt in Pakistani startups. Connecting overseas Pakistanis. UBL and PriceOye partner to provide BNPL payment options. Innovation deficiency in Pakistan. Uber may carve-out Careem. SBP launches Asaan Mobile Account. Bykea to offer insurance coverage to customers. Rider will be part of Y Combinator Winter 22 batch.