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Taha Ahmed and Rooshan Aziz left their jobs in strategy consulting and investment banking in London earlier this year in order to found a mobile-only education platform startup, Maqsad , in Pakistan, with a goal “to make education more accessible to 100 million Pakistani students.”
Two years ago, a group of entrepreneurs in Pakistan began surveying the market to understand why financial services weren’t reaching the majority of merchants in the world’s fifth most populous nation. This is the New York-headquartered firm’s first investment in Pakistan. In Pakistan, there is a huge whitespace in payments.
Jordan-based online learning platform Abwaab has raised $20 million in a Series A funding round (following a $5 million seed round in March of this year), making it one of the most funded edtech startups in the Middle East, North Africa and Pakistan (MENAP), a region that encompasses 160 million students.
The new plans come after the startup secured $3 million in seed funding in a round led by Indus Valley Capital, Zayn Capital and Fatima Gobi Ventures, the first time that the three Pakistan-focused VCs are investing in a startup together. Colabs wants to be the gateway to Pakistan for tech companies and a launch pad for startups.
A Pakistani startup, which has taken inspiration from China’s JD.com and India’s Flipkart to build a managed marketplace of electronics products, said on Tuesday it has raised seed funding from scores of investors including PayPal founder Peter Thiel. This is Thiel’s maiden investment in Pakistan.
Pakistan’s embedded finance platform Neem has raised $2.5 Citing industry figures, Shaikh said about 53 million people in Pakistan are currently underbanked. Over time, the startup plans to go beyond Pakistan and support underbanked communities in other developing markets. Pakistan’s Neem raises $2.5M
Obtaining raw materials is a major pain point for Pakistan’s manufacturers, who need to have multiple phone calls with suppliers while waiting for rates, say the founders of Zayare. The startup, which runs a platform that connects manufacturers directly with suppliers, announced today it has raised $2.1
Pakistan, the world’s fifth most populous country, has been slow to adapt to the internet economy. Unlike other emerging economies such as China, India and Indonesia, which have embraced digitization and technology, Pakistan has trailed the region in the adoption of technology and startup formation.
“With a large population, Pakistan is geographically smaller, well-connected with fewer provinces, has lower regulatory barriers and doesn’t have strong incumbents,” Khurshid, who is originally from Pakistan, said via email. The firm started raising two months ago and already secured $35 million in commitments and cash in hand.
Pakistan-based fintech platform, NayaPay , has raised $13 million in a seed round to rollout its multi-service messaging and payment app, and to build payment acceptance and financial management tools for businesses in the South Asian country. About 100 million people are unbanked in Pakistan, according to this World Bank report.
. —– I’ve recently shared a couple interviews exploring two case studies of really successful online fundraising campaigns: SXSW4Japan Raises Over $120,000 and $100,000 in Three Days with #TeamAutism. Then, why do we keep thinking celebrities are so important to raising money? Both of them involved celebrities.
The company’s numbers are small compared to other layoffs that have taken place within Africa’s tech ecosystem over the past few months, especially among startups that have raised vast sums of venture capital within the last year or two; for instance, Swvl laid off 400; Wave , approximately 300; 54gene , 95; and Vezeeta , 50.
EduFi, a fintech startup that enables financially strapped students to secure loans for their education, has raised $6.1 million in a pre-seed round led by Zayn VC with participation from Palm Drive Capital, Deem Ventures, Q Business and angel investors.
The number of global retailers, department stores and supermarkets operating in Pakistan is increasing, which spells convenience for consumers, but trouble for kiryanas, or small general stores. The Karachi-based company announced today that it has raised a $2.5 A kiryana owner with one of SnappRetail’s point-of-sale devices.
million users with over 8,000 merchants across 500 cities in Pakistan, and is on track to having a monthly loan book of more than $12 million. PostEx co-founder and CEO Omer Khan told TechCrunch that according to the World Bank, about 100 million adults in Pakistan don’t have a bank account. It has raised $8.6
Invygo, a startup operating in UAE and Saudi Arabia, has raised $10 million in its Series A funding led by MEVP as it works to scale its car rental service in the region. The Middle East-based startup, founded by Eslam Ahmed Hussein and Pulkit Ganjoo in 2019, has raised $14.3 There is Ekar, which last raised $17.5
After leaving his job at Careem, Adil Nisar founded a company that sources, manufacturers and distributes lights in Pakistan, and experienced those challenges firsthand. Today the company announced it has raised $3.3 Oware currently has 18 warehouses in five cities in Pakistan, with a total space of 500,000 square feet.
The founders of Tazah Technologies , a B2B agriculture marketplace in Pakistan, met while serving leadership roles at Uber subsidiary Careem. The startup, which launched two months ago in Lahore, announced today it has raised a $2 million pre-seed round led by Global Founders Capital and Zayn Capital. Kamereo gets $4.6M
The company has now raised more than $80 million, and while it is not disclosing its valuation, PitchBook data notes that it is $715 million as of this round (which appears to have closed earlier in the year).
The startup announced today it has raised $2.2 The round, which Maya said is the largest raised by a Bangladeshi health tech company so far, was led by early-stage fund Anchorless Bangladesh and The Osiris Group, a private equity firm focused on impact investing in Asian markets. million in seed funding.
Since its founding in 2013, NS1 has raised more than $100 million to build an engineering team and robust product portfolio that’s expanded to include DDI, which helps companies manage internal networks. Pakistan’s growing tech ecosystem is finally taking off. Pakistan’s growing tech ecosystem is finally taking off.
It’s been a while since KaiOS raised (or more specifically disclosed) outside investment: its last funding was in 2019, when it raised $50 million from investors including Cathay Innovation, Google and TCL. India, followed by China, Pakistan and Bangladesh, are the countries that dominate the feature phone market today.
After its Egypt launch, Swvl expanded to Kenya, Pakistan, Jordan and Saudi Arabia. Queen’s Gambit, the women-led SPAC in charge of the deal, raised $300 million in January and added $45 million via an underwriters’ overallotment option focusing on startups in clean energy, healthcare and mobility sectors.
JUMO , a South Africa- and London-based company that offers financial services to entrepreneurs and businesses in emerging markets, has raised $120 million in a new round of funding led by Fidelity Management & Research Company. It is also coming a year after raising $55 million in a similar unnamed financing round.
Tooling around : Two years ago, two former Palantir engineers started Kurtosis, a crypto-focused developer tool system, and have now raised $20 million in fresh funding to hire a team to get a new product out in the next year, Jacquelyn reports. See you tomorrow! The TechCrunch Top 3. Startups and VC.
E-commerce roll-up play Opontia launched in June, raising $20 million in debt and equity to acquire older, small e-commerce brands in the Middle East and Africa. Roll-up plays are generally known to secure more debt than equity when they raise mega-round deals.
Instacart looks to make its equity more competitive : There’s nuance to the mechanics at play, but after raising at an equity valuation of nearly $40 billion last year, Instacart has repriced the value of its equity for purposes of employee compensation. To a much lower price.
Today, the company has a few hundred employees distributed across Pakistan, Australia, Texas and Malaysia, but it continues to service startups of all sizes, says Bashir. Why do you have offices in Texas, Australia and Malaysia in addition to Pakistan, and what are the advantages of this setup and locations?
This strategic partnership aims to foster entrepreneurship and strengthen economic cooperation in Pakistan. The announcement has been made during the Pakistan Investment Conference in Shanghai, part of Punjab Chief Minister Maryam Nawaz Sharif s historic visit to China from December 8 to 15.
Bfree , a Nigerian credit management fintech, has embarked on global expansion after raising $1.7 Funds that participated in the latest round included 4Di Capital, Octerra Capital, VestedWorld, Voltron Capital, Logos Ventures and several other angel investors, bringing the total capital raised by the Lagos-based startup to $2.5
That subsequently led to 4x monthly volume growth, and it is expected the company’s expansion into Pakistan will yield even better results. The company is building the “GitHub of machine learning” and just raised $100 million to continue down that path. And it raised $68 million to get deeper into the science.
He wrote about how Synthesis AI raised $17 million to create synthetic data to improve computer vision and how payroll provider Symmetrical.ai raised $18.5 CommandBar landed $19 million to continue creating a search-and-browse plugin for web apps, and Deepset raised $14 million to help companies build natural-language processing apps.
The big data company has provided its software to partners and governments in Ethiopia, Rwanda, South Africa, Zambia, Brazil, Vietnam, Mozambique and Pakistan. Zenysis — which raised a $2.8 But despite that, Zenysis’s data platform and the government’s vaccine campaign provided a positive outcome. million seed in 2016 and a $5.8
Last year, rali_cap raised $2 million, money it has since deployed. Rali_cap is particular about startups in large markets across these regions — Nigeria, Egypt and South Africa in Africa; Brazil and Mexico in Latin America; and Pakistan and Bangladesh in South Asia. That’s one way we position ourselves.”
Intellia is an up and running startup which has raised $1.5m It claims its on-demand, remote analysts (from countries such as Colombia, Pakistan and the United Arab Emirates) can be deployed within 24 hours, and save companies 80% on recruiting and advisory budgets. A YC company Apollo Group is also in this space, roughly speaking.
As CEO and founder of virtual veterinarian care platform Dutch, Joe Spector initially intended to raise a $15 million Series A, but his pitch deck so skillfully blended visuals of lovable pets with market research and traction metrics, he ended up closing a $20 million round. Purposeful in Pakistan. Image Credits: Dutch.
She posted this about the Menu for Hope , a little fundraiser by food blogger, to help people affected by the earthquake in Northern India and Pakistan. Even better, according to a comment, they've raised $5,600 so far. I love seeing how grassroots fundraising translates to blogs. I'm going over to donate -- entry level donation is $5.
On average, nonprofits increased their dollars raised online by 19% from 2010 to 2011. This is not surprising since 2010 was a watershed year for many international nonprofits due to the 163% spike in fundraising around relief following the Haiti earthquake and flooding in Pakistan. The number of gifts rose by 20%.
Colombia and more than 75 countries, including Pakistan and Taiwan, are on the list, but other countries such as China and India do not currently have the requisite treaties in place. However, if you are forming a subsidiary of an already-profitable Colombian business and not planning to raise VC capital in the U.S.,
” The $90 million funding raised is a combination of debt and equity, $45 million each. Brazil, Pakistan, and the Philippines. Since 2011, the company has raised over $230 million in debt and equity financing. Now, there are still gaps in that technology and market segments that we haven’t addressed.
and Europe , to Africa , Australia , and Asia, where India and Pakistan have been hit by some of their worst floods in recent memory. Elsewhere, Australia’s FloodMapp recently raised $8.5 market, 7Analytics today announced that it has raised $2.5
In 2017, Cars45 raised $5 million from Frontier Car Group (FCG) , the Berlin-based company that builds used-car marketplaces focusing on emerging markets. OLX Autos shut down FCG’s operations in Berlin this March but still kept control of Cars45 and two other brands : CarFirst in Pakistan and WeBuyAnyCar in the U.S.
The consumer fintech company is focused on helping people build credit and raised $30 million in June 2021. In June of 2021, the company raised $150 million at a $2.17 In June of 2021, the company raised $150 million at a $2.17 The B2B payments company raised $200 million at a unicorn valuation in 2021. billion valuation.
You might guess that version 2 would raise more money. The institutional version raised more than 4 times as much from almost twice as many donors. Based on our studies, we've concluded that stories can help you raise money — if you use them right. You'd be wrong. This test isn't an anomaly. So what to do? Don't panic.
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