📈 Q3 Funding is Up 58%
During Q3 2020, eight Pakistani startups raised $16,025,000 in disclosed funding.
Compared to Q3 2019, that’s an increase of 58% from $10,170,000 and 22% increase over the previous quarter from $13,100,000.
For more numbers and a list of startups that raised funding, check out the post.
🚀 Techshaw Pulse
This month, your favorite newsletter turned ONE. And to celebrate, I am giving you visual access to my spreadsheet where I keep tabs on all things startup funding.
Introducing Techshaw Pulse
Ever since I discovered Glide, I wanted to turn my spreadsheet into an app. But it wasn’t made for Glide, so I had to configure it to make it Glide-able. Long story short, it’s ready for your eyes while I populate it with more transactions and data points.
Here’s what you get:
- Snapshot: a summary of all data points that can be summarized.
- Tracker: a running list of funding transactions updated within 24 hours of the announcement. Currently, it has all the data between 2017-2020.
- Profile: “almost” everything you ever wanted to know about the funded startup.
All data comes from publicly available information sources such as online databases; Crunchbase, CB Insights, etc., industry reports such as i2i Insights, and online publications such as MENAbytes.
And one more thing.
If you are interested in accessing the entire spreadsheet that powers the app, you can download it.
💰 Funding (amount disclosed)
$1,000,000
Aimfit, the Lahore-based health tech startup in the fitness niche, raised $1,000,000 in Seed investment from Indus Valley Capital and other undisclosed Angels.
$13,000,000
Bykea, the Karachi-based transportation and logistics startup, raised $13,000,000 in Series B investment from Prosus Ventures, Sarmayacar, and Middle East Venture Partners.
$700,000
Healthwire, the Lahore-based health tech marketplace, raised $700,000 in Series A investment from 47 Ventures.
📰 Learn
Riyadh-based Noon Academy rings the bell in Pakistan. Let Estonian Frank find you a job. It’s possible to survive and thrive during a pandemic, ask Bookme.pk, Convo, and PriceOye. How the State Bank of Pakistan can improve VC investment and in other news, it green lights Banks and Financial institutions to enter the 21st century. Avanceon Limited becomes the first tech company to go public in 5 years. Not all pandas are cute or created equal, at least not according to Karachi restaurants. TIL, Jumpshare is alive and kicking. It’s time for food wars. We wanted PayPal; instead, we got MoU.
📜 Read
An inside look at how Arbisoft hires fresh graduates. To fix education, stop throwing money at it and start utilizing technology. Pakistan needs to come together to innovate; it won’t happen in a vacuum. Interview with Ahmad Saeed, CEO and Co-Founder of GrocerApp on securing $1 million in Seed money and the food tech industry. Deep dive: ‘The Rise of Grocery Startups in Pakistan.’
📺 Watch
A conversation about the future of Venture Capital with Bilal Zuberi, Partner at Lux Capital.
