Mental health doesn’t get talked about enough in Pakistan — but that might be about to change. For the country’s healthtech scene, Allia Health, a startup with Pakistani roots and Silicon Valley backing, has raised $2 million to bring modern, AI-powered mental health support to the region. The funding, led by renowned investor Tim Draper […]
Jugnu, a prominent player in Pakistan’s startup ecosystem, has made the surprising decision to shut down its core business operations just a year after securing a substantial $22.5 million funding round. “To ensure that Jugnu continues to live its mission of empowering small and medium businesses, the company will be pivoting towards a tech-platform play […]
OkayKer, a promising startup offering a comprehensive platform connecting car owners with maintenance workshops, has successfully secured $700,000 in seed funding. The company intends to utilize this investment to expand its operations throughout Pakistan and introduce the country’s first-ever automotive emergency service. With an impressive founding team and backing from various institutional investors, OkayKer raises […]
In the October-December quarter, the Pakistani startups raised a total of $15.1 million in eight deals, which is also the lowest since the first quarter of 2020. According to data released by Data Darbar, a website that tracks investment flows into the country’s tech ecosystem, Pakistani start-ups’ quarterly funding plunged 79.2 percent on a year-on-year […]
Motive, former trucking unicorn KeepTruckin, has laid off 6 percent of its workforce, which makes around 237 employees of its team. Motive laid off hundreds of employees due to capital cost constraints and demand issues faced by the company. Motive Chief Executive Officer Shoaib Makani, said; “I know this news may come as a surprise […]
Mobility startup, SWVL, has decided to call it a quit as it prepares to shut down its operations in Pakistan. After fulfilling Pakistani citizens’ transportation needs for three years, the startup is ready to bid farewell to one of its second-largest markets amid a global downturn in investments. The Decline of SWVL’s Service The Cairo-headquartered […]
A report compiled by tech blog, Data Darbar, revealed that the third quarter of 2022 has been the worst for Pakistani startups as the investment fell to $55.6 million, down 46.2% from the preceding quarter when the flows amounted to $102.9m. Data Darbar co-founder, Mutaher Khan, said; “Besides a global slowdown in start-up investments amid […]
Prime Minister of Pakistan’s Strategic Reforms Unit head Salman Sufi has tweeted about the possibility of regulating the Pakistani startup ecosystem as few startups ‘cannot be allowed to sour the market for the entire industry.’ He said; “To strengthen Pakistan startup eco system, ventures which solely rely on raising funds & then fail due to […]
A Karachi-based fintech startup, SnappRetail, has raised $2.5 million in a pre-seed funding round led by Zayn Capital’s Bitrate Fund with participation by Antler and Century Oak Capital. According to a report by the State Bank of Pakistan, the general stores’ growth will slow down as retail outlets are actively trying to expand their network. […]
The Pakistani e-commerce platform, PriceOye Raises $7.9 million in a seed funding round led by US-based JAM Fund, a venture capital firm by Tinder founder Justin Mateen. Angel investors included PayPal founder Peter Thiel, Immad Akhund of Mercury Bank, and Asif Keshodia of Souq, in addition to previous investors Fatima Gobi Ventures, SOSV, and Artistic […]