COLABS raises $3 million in seed funding

COLABS raises $3 million in seed funding
COLABS raises $3 million in seed funding

COLABS, a Lahore-based coworking startup, raised $3 million in seed funding from Indus Valley Capital, Zayn Capital, Fatima Gobi Ventures, Shorooq Partners, Kinnow Capital, Muir Capital, Sai Ventures, and multiple angel investors.

Elevator Pitch: A business operating system for freelancers, entrepreneurs, and startups with a focus on scalability.

Tell me more: Knowledge workers need a focused and supportive environment to do their best work.

Yes, you can always work from home, but it’s not ideal. 

The dynamics of most Pakistani homes, typically middle class, are not the most conducive to productive work.

Plus, if you are a startup, funded or unfunded, you need business support such as HR, legal, and accounting. 

That’s the value proposition of COLABS.

You’ll get office space and assistance with all the boring stuff on the backend. This allows you to focus on what you do best – build. 

Not to mention the opportunity to network with others, share ideas, and meet new people.

You should know: COLABS was founded in 2019 by brothers Omar and Ali Shah. 

To date, it has raised $4 million in funding. 

COLABS currently hosts over 100 companies with a combined 1,200 people across its three locations in Lahore. 

It is home to startups such as Lettus Kitchens, Rider, Patari, and Sadapay.

Before you go: COLABS plans to use this funding to launch in Karachi and Islamabad. Aiming to house a community of 100,000 entrepreneurs and freelancers, it has set an ambitious target for itself. 

Its competitors in the coworking space include Daftarkhwan, Kickstart, Hive, and Popcorn Studios.

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