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in StartupsNIC Lahore holds Investor Summit August 2021
National Incubation Center Lahore, housed at LUMS, recently held its Investor Summit on August 28 and 29, where it brought together seasoned investors and its cohort of entrepreneurs. The summit capped off the Foundation Programme, which is a months-long endeavor where LUMS faculty work to impart the knowledge, skills and tools needed for aspiring entrepreneurs […] More
BridgeLinx secures record $10 million seed
BridgeLinx, a Lahore-based digital freight marketplace, recently raised a record $10 million in what is now Pakistan’s largest seed round. The seed round was led by 20 VC, Josh Buckley’s Buckley Ventures, and Indus Valley Capital. BridgeLinx was founded in 2020 by Muhammad Saad, Ahsan Tanveer, Abbas Hassan, and Salman Gul. The startup provides freight […] More
- in Business
TruKKer,a digital freight network, acquires Pakistan’s TruckSher
TruKKer, a digital freight network operating in the MENA region, recently acquired the Pakistani startup TruckSher, in order to further expand its operations. TruKKer is a company that uses technology to increase the efficiency of road freight and logistics operations across multiple markets, including the UAE, Saudi Arabia, and Egypt. The company serves more than […] More
- in Business
Dukan.pk and TPL Trakker enter into partnership
Dukan.pk, an e-commerce platform, has partnered with TPL Trakker, Pakistan’s leading IoT company, in order to optimize its services and further facilitate its users. Dukan.pk enables small business owners and entrepreneurs to create their own web stores using their app and benefit from the scope provided by e-commerce, allowing them to expand their consumer base […] More
- in Startups
Ailaaj, a Pakistani healthtech, secures $1.6 million seed
Ailaaj, Pakistan’s first full-stack digital healthcare platform, recently raised $1.6 million in seed funding. The funding was led by JS Group, with the additional participation of investors such as Fazal Din Group, Leonine Tech Ventures, as well as private equity investors from East Asia. Ailaaj was founded in 2020, and formed through the acquisition of […] More
GSMA Innovation Fund awards DeafTawk $250,000 grant
The GSMA Innovation Fund for Assistive Tech recently awarded DeafTawk, a Pakistani sign language interpretation platform, a grant of $250,000. The GSMA Innovation Fund was launched in September 2020 with the support of the UK Foreign, Commonwealth & Development Office (FCDO). The Fund for Assistive Tech was set up with the objective of finding and […] More
- in Business
Meezan Bank and Retailo join hands to uplift young entrepreneurs
Meezan Bank recently entered into a partnership with Retailo which is committed to providing financing to retailers under the Prime Minister’s Kamyab Jawan scheme. The Kamyab Jawan – Youth Entrepreneurship Scheme (YES), was started by the government to uplift young entrepreneurs and help them contribute to the economy by providing financial support for their ventures. […] More
Truck It In procures $3 million in extended pre-seed round
Truck It In, a Pakistani trucking marketplace, recently raised $3 million in an extension of its pre-seed round, thereby closing it with a total of $4.5 million. $1.5 million of the funds were raised by the company five months prior to this. The investment came from Global Founders Capital and Fatima Gobi Ventures, with participation […] More
- in Business
Edna, a Cyprus-based company, enters Pakistani market
Edna, a Cyprus-based company, recently announced its entry into the Pakistani business landscape. Edna is a digital communications solutions provider that recognizes the importance of messengers and other digital channels of communication such as WhatsApp Business, Live Chat, Facebook Messenger, and more when it comes to customer communication. To supplement the effective functioning of businesses, […] More
- in Startups
YUGO.pk, an online travel portal, procures seed funding
YUGO.pk, an online travel portal, recently procured seed funding, from the Angel investor Syed Sheharyar Ali, who is also the Executive Director and CSO at Tree Group of Companies. The startup was part of the 12th cohort of the Punjab Information Technology Board’s (PITB) incubator, Plan9. YUGO.pk was founded in 2017 by Ahmed Hannan Kayani, […] More
- in Startups
Walee, a Pakistani startup, raises $2.7 million in seed funds
Walee, an Islamabad-based startup, recently raised $2.7 million in seed funding, through Z2C, a Pakistani communications company. Walee is a online marketing platform that was founded in 2019 by Muhammad Ahsan Tahir. The startup engages a network of influencers and provides brands and companies with a platform to connect and collaborate with said influencers in […] More
- in Startups
SCWomenInTech awards 7 companies Rs1.5mn each in seed grants
Standard Chartered Bank Pakistan, partnered with INNOVentures Global (Pvt.) Limited, to launch the Standard Chartered Women In Tech Program 2021, the winners for which were recently announced. The Women in Tech (WiT) program was first launched in 2014 by Standard Chartered America, with Standard Chartered introducing the program in Pakistan in 2019. As a result […] More
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