Top 7 Most Well Funded Tech Startups in Pakistan 2021
7 Most Well Funded Tech Startups
The 6th most populous country, Pakistan is one of the fastest-growing economies in Asia. its startups have received $85 M funding in Venture Capital (VC). For a better economic outlook: it has grabbed $120 M in July 2021 but didn’t utilize $66 M raised in 2020.
According to the data given by Dawn News, across 35 unique ecosystem startups crossed $120 M but 48 deals were recorded with $66 M. And ventures firms or investors continue to build their war chest against poverty to give a rise to transports, logistics, engineering, and other problem-solving startups for the last 2 years.
Investors are willing passionately to fund more in the following Pakistani tech startups below:
Oraan
Agenda: Helps Women to open bank accounts for their financial services without any hurdles.
Founders: Halima Iqbal, Farwah Tapal
Fund: $4 Million
Investors: Zayn Capital, Wavemaker Partners, Resolution Ventures, i2i Ventures, Hustle Fund, Haitou Global, Plug and Play, Claire Diaz-Ortiz
To replace difficulty for women to ease in opening bank accounts to create without facing social norms. Took 3.5 months for Halima to have a basic bank account, the problem made her an entrepreneur and she ended up with a seed round fintech startup called Oraan to help all women across Pakistan. The co-founders are working to empower their own bank. The user base of Oraan has 84% of women of 10 K users- means over 28% growth monthly.
Pak Wheels
Agenda: Used car & bike listing platform where sellers & buyers interact comprehensively
Founders: Hanif Bhatti
Fund: $4 Million
Investors: Frontier Digital Ventures, Frontier Digital Ventures
PakWheels was formed in 2003, popular in global e-commerce with 5 lac+ registered car and motorcycle lovers. It gets 25 M visitors on 250 M+ pages on the website annually. Around 50% of users visit to search over 4 lac vehicles, discussing auto-related issues to buy and sell with other members, along with media files.
PakWheels.com provides a forum for automotive portal discussions and a blog to keep them up to date. A flexible hub on a very large scale also provides a separate review section for all the cars and bikes available in Pakistan. For Example, if you’re searching for the Haval Jolion price in Pakistan, it will give you comprehensive details along with the best prices.
Airlift
Agenda: An app-based hub for travelers to book transportation services.
Founders: Usman Gul, Ahmed Ayub, Meher Farrukh.
Fund: $85 Million
Investors: Harry Stebbings, Josh Buckley, Sam Altman
Most funded fledgling firm in Pakistan’s history by the largest single private funding company. Currently working in 8 cities. By the end of the year, Airlift plans to expand its services to 15 cities. And in the next 3 months, Airlift is looking for overseas markets. With this motto, it will soon join a regional startup funding boom.
SimPaisa
Agenda: A carrier billing solutions provider helps merchants integrate with payment providers.
Founders: Salim Karim
Fund: $85 Million
Investors: Sarmayacar, Planet N Group
PublishEX developed an app for digital payment solutions. A multidimensional carrier billing solutions app- with the mainstream user racking and customer satisfaction in the market. Easy to use the single API system: Transparent Payment, Optimized Checkout, and Detailed Reporting supportable in both Web and app.
Rozee
Agenda: The largest hub for Jobs in Pakistan for hiring and searching
Founders: Monis Rahman
Fund: $9 Million
Investors: EPlanet Capital, SiliconValley, Vostok Nafta, Cisco, Friendster, PayPal, LinkedIn, Tribe
A tinder for employers and seekers for hiring and searching the jobs respectively. Got an immense database of 45.5 M of processed job CVs while 150+ new job postings every day. It provides services to 50 K leading companies and possesses 6,274,582 registered professionals, among 95 K employers hired through this platform. Rozee has 7 M unique visitors yearly.
Zameen
Agenda: A listing property portal to invest, buy, sell, or rent properties in Pakistan’s major cities
Founders: Zeeshan Khan & Imran Ali
Fund: $9 Million
Investors: CAV Investment Group, Vostok New Ventures, Catcha Group
The revolutionized real estate industry with over 5.5 M Pakistani users. It connects buyers and sellers online. You can find top-rated agents under an appropriate zip code. With over 550 new featured listings each month, listers make money with other CRM tools too. Over 15 K registered agencies, it gives you a user-friendly real estate experience to connect buyers with sellers, and renters with proprietors.
Bykea
Agenda: The hyper-local marketplace of transport, logistics & financial industry running on a network of motorcycles
Founders: Muneeb Maayr, Rafiq Malik
Fund: $26 Million
Investors: National Incubation Center Karachi, Middle East Venture Partners, Sarmayacar
An app for transportation and logistics startup utilizes bikes to move people, meals, medicines, and grocery delivery services, etc safely and affordably. Users can avail pick up and drop, tracking the delivery agents and payment management in real-time. Bykea is both an Android and iOS-based app.
Author Bio:
Muhammad Awais is a Freelance Writer and SEO Executive who helped many business professionals like BePakistani, and Fin-tech startups build and grab more of their targeted audience online.
Being a content strategist for the past 3 years. Awais is obsessed with innovating new ways of creating amazing content that helped his clients get an increase in brand awareness, generate leads, and acquire new customers. He’s notorious among his readers for always surprising them with twist endings to any niche-friendly content writing services.
When not writing, he enjoys exploring the outdoors with his dog, preferring indoor hobbies, like reading and drinking too much coffee. You can reach him at [email protected].
About the Creator
Waqar Ahmad
I am Waqar Ahmad SEO of Search Pakistan is a leading Pakistani blog that covers a wide range of topics that matter to Pakistanis, from technology to business to lifestyle to entertainment.
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