Pakistani startups raised $103 million across 17 deals in the second quarter of 2022.
Highlights
- Startups: 17
- Sector with the most funding: E-commerce; $49 million.
- Startup with the biggest round of funding: Dastgyr; $37 million Series A.
- Stage with the most deals: Seed; 10 deals worth $19.5 million.
- Most active investor: Tie between i2i Ventures and Reflect Ventures; 3 deals each.
Check out the blog post for insights and a complete list of startups that raised funding.
📰 Learn
Truck It In announces layoffs. Careem suspends food delivery. Retailo lays off employees. Dawaai closes operations in Hyderabad. EasyPaisa shuts down online card payments. Endeavor opens its 40th office in Pakistan. It’s tax time for IT exports because the growth is robust compared to the prior year but down compared to May. $50 million startup fund announced at UnConference. Alibaba extends its logistics capabilities to Pakistan. HBL to provide banking services on WhatsApp to compensate for the always-down mobile app. No more growth at all costs for Foodpanda.
🧠 Read
Startups raise between $103 and $104 million in Q2 2022. Shortest path routing at Bazaar. RIP, good times. The startup boom in Pakistan has sparked a talent war. Stock options at SadaPay.
🎙️ Listen
Conversation with Yasir Ilyas, Head of Hysab Kytab, Muhammed Bukhari, Co-founder of Farmdar, and Meenah Tariq of Metric.
📺 Watch
How can Pakistani startups navigate the global slowdown featuring Aatif Awan. Faaez-ul-Haq of Kinnow Capital and I discuss startups and funding on the misaal pod.
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