2021: A Banner Year For Pakistani Tech Startup Investments
The year 2021 is turning out to be a banner year for Pakistani tech startups . At the end of the third quarter of the current year, technology startups have already raised $278 million, twice the funding raised in the previous 5 years combined. In per capita terms, this is still just over $1 per person, a lot less compared to neighboring India where startups attracted $20 per person . Venture Capital Investment in Pakistan. Source: Kalsoom Lakhani, i2i Ventures The third quarter (July-Sept 2021) alone has seen startup companies raise $172.6 in 17 deals closed in the three-month period, according to data compiled by Kalsoom Lakhani of i2i ventures. The top deals closed in the third quarter were: 1. Airlift $85 million series B 2. Bazaar $30 million in series A and 3. QisstPay $15 million seed round. Source: Kalsoom Lakhani, i2i Ventures The lion's share of the ,money ($117 million) went to E-commerce startups followed by Fintech ($35 million) and trucking platform...