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.
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)
📱 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.
03 – Newsletter Shout Out
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.