Note # 010

Note # 010

During Q2 2020, three Pakistani tech startups raised $13,100,000 in disclosed funding. 

Compared to Q2 2019, that’s an increase of 114% from $6,125,000 and 936% increase over the previous quarter from $1,265,000.

Note # 010

For more numbers and a list of startups that raised funding, check out the post.

01 – News and Views

🛒 The True Cost of Cash on Delivery (COD) (Adam Dawood)

 🚀 Chasing Scale: Vision, Mission, and Core (Asad Jafri)

📝 Pakistani startups’ guide to offshore holding companies (Mubariz Siddiqui)

🛑 The Startup Hiatus (Business Recorder)

😾 Board position of PM’s Digital Adviser raises conflict of interest questions (Profit)

😷 Survive or Thrive – how eCommerce reacted to C19 lockdown (Profit)

📱 Can Careem crack the super-app code? (Profit)

⚰️ The promising life and tragic death of Inov8 (Profit)

02 – Funding

$10,000,000​​ (Usman Gul)
Airlift, the app-based vanpool service provider, raised $10 million in Series A1 from Quiet Capital, TrueSight Ventures, RT Ventures, Shorooq Partners, ACE Capital, and existing investors. It also pivoted to a 45-minute delivery service for all household essentials as their core business is currently on hold due to the pandemic. This latest round of funding brings Airlift’s total investment to $24.2 million.

$250,000 (Profit), the Lahore-based prescription delivery startup, raised $250,000 in Seed investment from VM Interactive.

$225,000 (ProPakistani)
Social Champ, the Karachi-based social media management app, raised $225,000 in Seed investment from a private angel investor.

03 – Newsletter Shout Out

👨‍💻 Building Rome(s) – A bi-weekly newsletter by Aadil Maan, Angel investor (Integry) and Technology Program Director at Nike, on managing technology programs and shipping world-class products.

04 – Haircut Secured

I got a haircut last month in someone’s garage. It worked out quite well. But next time, I might just go to Naved bhai.

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