Startups
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IFC launches $225 million platform to back startups in emerging economies like Pakistan
World Bank-backed International Financial Corporation (IFC) recently launched a $225 million venture capital platform targeting emerging markets like Pakistan. The…
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Daraz launches its logistics arm in Pakistan
Daraz, Pakistan’s major eCommerce platform, has launched the country’s first automated smart distribution centers in Karachi and Lahore in collaboration…
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Pakistan’s State Bank suspends operations of Fintech startup Tag
Tag’s in-principle and pilot operations approval to function as an electronic money institution was suspended by Pakistan’s central bank on…
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Pakistan-based Fintech Abhi plans to expand into UAE next month
Abhi, a Pakistan-based fintech, is poised to expand operations in the United Arab Emirates (UAE) next month, enabling hundreds of…
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A pitching competition was organized by Huawei for startups in collaboration with Ignite and Nic
During the Huawei Cloud Start-up program, 16 different start-ups from throughout Pakistan showcased their business ideas to a panel of…
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What does the closure of Yayvo mean for the Pakistani eCommerce industry?
That’s it, guys, Yayvo, an eCommerce marketplace founded by the TCS group, which owns Pakistan’s largest logistics company, has chosen…
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This startup wants to make buying and selling of businesses hassle-free: Exitbase
According to IFC estimates, there are over 3 million small businesses in Pakistan, accounting for nearly 30% of GDP, and…
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24SEVEN announces $6 million pre-Series A round
Founded in 2016 by Jarrar Shah, the company’s primary operations were delivering groceries to the rising middle-class population of Pakistan.…
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Did the global recession place the ball with Russian venture capitalists?
In mid-February 2022, the market capitalization for Veon was $3.3 billion due to growth areas such as digital operator metrics…
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VavaCars shuts down operations in Pakistan
VavaCars was launched in the Pakistani Market in January 2020. The principal business of the company was to operate as…
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