Pakistani startups raised $103 million across 17 deals in the second quarter of 2022.
- 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.
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.
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