South Asia Investor Review

Ilyas Khan, the British Pakistan founder of Quantinuum, became a billionaire in the company’s IPO on NASDAQ last week. Khan is a pioneer in the revolutionary field of quantum computing which could speed up computing by orders of magnitude. It will have a huge impact in AI and encryption.  Dr. Irfan Siddiqui , a Pakistani-American professor of Physics at University of California at Berkeley, is another top expert in quantum computing.  Ilyas Khan, British Pakistani Founder of Quantinuum. Source: 2023 BLOOMBERG FINANCE LP Quantinuum raised $1.68 billion in an initial public offering last week, making its founder Illyas Khan a billionaire, according to  Forbes . The listing, which is the largest to date for a quantum startup, valued Quantinuum at over $15.6 billion after it sold 28 million shares at $60 each on June 3. Its shares opened at $58 per share on June 9. Khan, who owns around 15% of the company, is now worth $2.2 billion. Quantinuum uses a new type of quantum ...

A Pakistan-American franchisee has joined a Qatari-backed investor group's bid to buy out the US-based Papa John's Pizza restaurants chain. Nadeem Bajwa started his part-time job in 1991 as a pizza delivery driver for Papa John's while attending college in Indiana. He has since risen to become the largest franchisee with nearly 300 restaurants across the United States. Bajwa's backing could help Irth, which is also backed by Brookfield Asset Management, in its $47 a share pursuit of the pizza chain. Papa John's has been reviewing Irth's offer, though sources told Reuters there is no guarantee a deal gets done. Papa John's Largest Franchisee Nadeem Bajwa Bajwa’s journey wasn’t easy. In his early twenties, he was the first in his family to move to the United States, where he encountered many challenges upon arrival. “Coming to the U.S., actually, that was my first flight [ever.] I’d never flown before,” Bajwa told CNBC News . “Just getting into the plane, it w...

Omer Hasan and Mohammad Javed are the top donors to Zohran Mamdani’s mayoral campaign in New York City, according to media reports. Both are former executives of Silicon Valley technology firm AppLovin. Born and raised in Silicon Valley , Omer is the son of a Pakistani-American couple who are long-time residents of Silicon Valley, California.  Omer Hasan, Top Donor to Mamdani Campaign Muhammad Javed donated $251,500 to New Yorkers for Lower Costs, a super-PAC backing Zohran Mamdani. Omer gave $250,000 to this super PAC. Other Mamdani super PAC donors include Liz Simons, Philanthropist, and daughter of hedge-fund billionaire Jim Simons, who gave $250,000 and Unity & Justice Fund, the political arm of the Council on American-Islamic Relations CAIR, that gave $100,000. But the biggest support has come from small donors to the Mamdani campaign. It has received a lot more money from small-dollar donors.  In August 2025, Mamdani's campaign had raised over $1 million from more th...

Anysphere, founded in 2022 by Sualeh Asif, Arvid Lunnemark, Aman Sanger and Michael Truell, has been approached by investors about a deal that would more than double its valuation in a new funding round to $18 to $20 billion, according to  Bloomberg .  Sualeh Asif , 25, the Chief Product Officer and co-founder, hails from Karachi, Pakistan.  He studied at Nixor College in Karachi before going to the United States in 2018. He met the other three co-founders while studying at the Massachusetts  Institute of Technology (MIT). One-half (Sualeh Asif and Aman Sanger) of the startup’s founding team is of South Asian origin. The company moved to  San Francisco  soon after its founding in 2022.  Sualeh Asif, Anyshphere Inc's Pakistani-American Founder Anysphere’s lead product is an AI code editor called Cursor AI.  It works as an AI assistant that writes code and also anticipates code developer's needs, identifies inefficiencies, and helps solve compl...

Wall Street Journal's White House Correspondent Sabrina Siddiqui, a Pakistani-American Muslim journalist, got to ask the only question posed by an American journalist to Indian Prime Minister Narendra Modi during his recent visit to the White House in Washington, DC. This was the first time in 14 years that Mr. Modi took an unscripted question from any journalist anywhere in the world. In fact, it was his first press conference since taking office as the prime minister of India in 2014.  Narendra Modi (Left), Sabrina Siddiqui (R) Sabrina Siddiqui asked the Indian leader about rights groups’ assessments that his government is discriminating against religious minority groups and quashing dissent. She asked," What steps are you and your government willing to take to improve the rights of Muslims and other minorities in your country and to uphold free speech?"  The Islmophobic Indian prime minister feigned “surprise” at the question and said democracy is core to India. He t...

In yet another blow to Silicon Valley's "fake it till you make it" mantra, a federal jury has convicted former Theranos executive Ramesh "Sunny" Balwani on all 12 counts of fraud. Balwani was born in 1965 in Pakistan to a Sindhi Hindu family.  He attended Aitchison College, an elite prep school in Lahore that is also the alma mater of former Prime Minister Imran Khan of Pakistan. His family emigrated to India in 1984 and then to the United States in 1987. He studied at the University of Texas at Austin and University of California at Berkeley. His one-time girlfriend and partner Elizabeth Holmes, the founder of Theranos, was convicted on similar charges earlier this year. Both face up to 20 years in prison.  Elizabeth Holmes (L) and Sunny Balwani of Theranos "Fake it till you make it" is a well-known phrase in  Silicon Valley . It means to consciously cultivate an attitude, feeling, or perception of competence that you don't currently have by prete...

Khizr Khan, a  Pakistani-American lawyer , is on President Joseph R. Biden's list of recipients of the Presidential Medal of Freedom, the highest civilian award given by the President of the United States. Khan is among 17 Americans on the list that also includes late Senator John McCaine and late Steve Jobs. "These seventeen Americans demonstrate the power of possibilities and embody the soul of the nation – hard work, perseverance, and faith," the White House said further. Last year, Khizr Khan was  appointed  by Biden as an independent commissioner to the United States Commission on International Religious Freedom (USCIRF).  Khizr and Ghazala Khan "They have overcome significant obstacles to achieve impressive accomplishments in the arts and sciences, dedicated their lives to advocating for the most vulnerable among us, and acted with bravery to drive change in their communities — and across the world — while blazing trails for generations to come".  Khizr Kh...

Pakistani-American singer Arooj Aftab's rendition of “Mohabbat” won the prize for Best Global Music Performance at the 2022 Grammys. The Brooklyn based singer won the category ahead of Femi Kuti (“Pà Pá Pà”), Wizkid and Tems (“Essence”), Angélique Kidjo and Burna Boy (“Do Yourself”) and Yo-Yo Ma and Angélique Kidjo (“Blewu”).   The lyrics of "Mohabbat", part of her album "Vulture Prince", go like this: "mohabbat karne vaale kam na hoñge/ tirī mahfil meñ lekin ham na hoñge ". It is a ghazal originally written by Hafeez Hoshiarpuri.  محبت کرانیوالی کم نا ہونگے تیری محفل میں لیکن ہَم نا ہونگے محبت کرانیوالی کم نا ہونگے زمانے بھر كے غم یا اک تیرا غم یہ غم ہو گا تو کتنے غم نا ہونگے Pakistani-American Urdu Singer Arooj Aftab Wins Grammy. Source: Yahoo News “I think I’m gonna faint. Wow thank you so much. I feel like this category in and of itself has been so insane,” Arooj said, accepting her award at the Grammy Award 2022 show in Las Vegas, Nevada. “Burna B...

Pakistani-American banker Yawar Shah is the Chairman of the SWIFT Board of Directors. SWIFT stands for The Society For Inter-Bank Financial Telecommunications. SWIFT has been in the news recently for cutting off Russian banks to punish  Russia's invasion  of Ukraine. Russia is now disconnected from the global financial system used to settle the vast majority of payments in international trade.   Yawar Shah. Source: SWIFT In addition to his role as the Chairman of the SWIFT Board of Directors, Yawar is also a Managing Director in the Institutional Clients Group at Citigroup. Before joining Citigroup, Yawar was at JPMorgan for over 20 years. Positions there have included Global Operations Executive for Worldwide Securities Services, Retail Service and Operations Executive, Chief Operating Officer of the Global Private Bank, and General Manager of the Treasury Management Services business. He received his BA from Harvard College and his MBA from Harvard Business School....

Pakistani-American heart surgeon Dr. Mohammad Mansoor Mohiuddin and Dr. Bartley Griffith performed the first successful genetically-modified pig heart transplant into a human patient today at University of Maryland School of Medicine (UMSOM) hospital in Baltimore, according to the  University's press release . Considered one of the world’s foremost experts on transplanting animal organs, known as xenotransplantation, Muhammad M. Mohiuddin, MD, Professor of Surgery at UMSOM, joined the UMSOM faculty five years ago and established the Cardiac Xenotransplantation Program with Dr. Griffith. Dr. Mohiuddin serves as the program’s Scientific/Program Director and Dr. Griffith as its Clinical Director.     Dr. Mohammad Mansoor Mohiuddin Dr. Mohiuddin is a 1989 graduate of the Dow University of Health Sciences, Karachi, Pakistan. He came to the United States in the early 1990s and did a fellowship in Transplantation Biology and Immunology, Department of Cardiothoracic Surgery ...

Luma Health, co-founded by Adnan Iqbal, a second generation Pakistani American , raised $130 million in series C funding. Adnan's fellow co-funders include Dr. Tashfeen Ekram, a Pakistani-American and Aditya Bansod, an Indian-American. The latest round has brought Luma's total funding to $160 million.  "I have had a life of privilege. I have been to the right institutions. I have played collegiate sports. I check all the boxes. But I have a recognizable Pakistani Muslim name. I would have raised twice the amount of money in half the time if I was a white guy. That's just the honest truth", he told an interviewer.  Luma Health Co-founders San Francisco-based Luma’s platform is designed to centralize and automate scheduling and communication with patients. The company’s tech integrates with more than 80 types of electronic health records (EHRs) across the healthcare IT stack. Luma has served more than 30 million patients across the U.S. and is used by more than 550...

St. Louis County Health Director Dr. Faisal Khan, a Pakistani American, was subjected to racial abuse at a St. Louis County Council meeting, according to multiple media reports. He apparently got caught up in the middle of a fierce, angry debate on new mask mandates amid surging infections attributed to the Delta variant of the COVID19 virus that originated in India. The anti-mask crowd is particularly strong in Republican states that voted for former President Donald J. Trump .   Dr. Faisal Khan Dr. Khan was subjected to racial slurs and physically assaulted after defending a new mask mandate to combat COVID-19.  In response to the abuse, he raised his middle finger at a crowd gathered at a St. Louis County Council meeting, according to a Wednesday letter obtained by the St. Louis Post-Dispatch. “After being physically assaulted, called racial slurs and surrounded by an angry mob, I expressed my displeasure by using my middle finger toward an individual who had physica...

US President Joseph R. Biden  has signed a sweeping executive order to promote competition in a wide range of industries from big tech to telecommunications, transportation, banking and healthcare. This order has come within weeks of the appointment of young  Pakistani-American  law professor Lina Khan as the United States Federal Trade Commission (FTC) chairperson. Lina Khan, 32, is the youngest FTC chairperson in American history. She now holds one of the most powerful positions in the US government.  Biden Handing Pen to Lina Khan After Signing Executive Order Biden's executive order includes 72 initiatives for federal agencies, targeting issues such as excessive early termination fees charged by internet companies, which hinder users from switching service providers. It calls for the end of noncompete agreements that block workers from moving to rival employers, according to  Nikkei Asia .  “Capitalism without competition isn’t capitalism. It’s exploita...