Pakistani startups raise $300mn in 2021

MG News | December 09, 2021 at 07:43 PM GMT+05:00

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December 9, 2021 (MLN): Pakistan's startup ecosystem has been able to secure over $300 million in funding this year after four e-commerce companies raise fresh funds, adviser to PM for Commerce and Investment Abdul Razaq Dawood said on Thursday.

“It's been a fantastic year for Pakistan's startup ecosystem,” he tweeted.

He congratulated Bookme, Bagallery, Clicky, and DevNation for getting investments of $7.5mn, $4.5mn, $2.4mn, and $170K respectively.

Pakistan’s startups have received a major boost this year, getting over $300mn is a record funding, more than the previous six years combined.

“All the startups raising investment are coming up with innovative business solutions. We, as a nation, need more entrepreneurs and brands,” the advisor added.

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