Pakistan: Startups Incubated at Karachi's NED University Got the Highest Funding in 2022
Karachi-based start-ups raised $236.7 million in 2022, accounting for two-thirds of Pakistan's total startup funding and almost double the previous year, according to Data Darbar . Karachi , Pakistan's largest city, is followed by Lahore with $69.2 million and Islamabad with $41.6 million. Nationally, the total funds raised by startups have been declining after hitting the peak of $173 million in Q1/2022. City-wise Startup Funding of Pakistani Startups. Source: Data Darbar via FDI Intelligence National Incubation Center, located at Karachi's NED University of Engineering and Technology ( NEDUET ), has incubated more than 250 start-ups so far. These include ride-hailing app Bykea and London-based proptech platform Gridizen. Kamran Mahmood, the CEO of Gridizen, who recently returned to Pakistan to join NIC Karachi, says he has found it even easier to meet decision makers at large companies in Pakistan than the UK, according to a report in FD...