In the recent news, Pakistani startup, ezWiFi has raised six-figure pre-seed funding in an investment round directed by Iffi Wahla, Managing Partner of US-based E42 Ventures, according to a press release published by the company. Angel investors, such as the Former Minister of State and Chairman Board of Investment of Pakistan and Founder and Managing Partner Neem Exponential, Naeem Zamindar, also participated in the round.
Pakistani Startup ezWiFi Plans to Expand with the Raise Pre-Seed Funding
The Pakistani startup, ezWiFi with the raised pre-seed funding aims to create a sharing economy for WiFi by facilitating brick-and-mortar stores to make money by proposing free WiFi services to their customers. Founder and CEO ezWiFi, Sher Ali Khan, remarked, “ezWiFi is a purpose-driven company. We are on a mission to connect the next billion and this funding round is an important milestone in our journey. With it, we have the resources to turbo-charge our growth and build a superstar team.”
On the development, Managing Partner E42 Venture, Iffi Wala, commented on ezWiFi’s raised pre-seed funding, “We are looking to build our presence in Pakistan as we see tremendous potential in what is still a nascent startup ecosystem. ezWiFi has us excited because it offers an opportunity to connect the masses to high-speed internet while providing value to businesses.”
Billions of Users Can Easily Access Internet
Furthermore, Founder and Managing Partner Neem Exponential, Naeem Zamindar, also commented, “I love Sher’s vision and how he has created a business model and technology platform that has the potential to enable a billion users with access to the internet but also enable restaurants, retailers, etc., to digitalize their businesses, marketing, and finances over time.”
Established in 2021, Pakistani startup, ezWiFi is supplying free WiFi to more than 100 eateries across Pakistan, including international brands such as The Coffee Bean & Tea Leaf and Second Cup. The startup has also collaborated with Unilever, L’Oreal, and Jazz to provide its services at supermarkets, events, and public regions.
Source: Pro Pakistani