The early nine months of 2021 have seen Pakistani startups attract investors from around the world, raising a record amount in direct and advanced investments of $305 million. A typical deal size increased fivefold in 2021 to $5.9 million compared to $1.2 million in 2020, with greater foreign participation. A total of 52 startups raised $305 million, including ventures in health, logistics, e-commerce, fintech, and e-commerce.
Airlift and Bazaar were among the top performers, raising $85 million and $30 million, respectively, in advanced level Series B and Series A funding. Moreover, QisstPay, TAG, and Oraan received $15 million, $12 million, and $3 million in seed funding, respectively.
Pakistan appears to be poised to attract at least half a billion dollars in investments this year. The figure could reach $1 billion next year, with international investors becoming more interested.
Source: Express Tribune