Monday, April 15, 2024

Startups of Pakistan break records despite the worldwide economic downturn in 2020

Pakistani startups managed to raise a record $47 million in pre-seed, seed, pre-Series A, Series B and Series B funding rounds during 2020 in 23 transactions, a 26 percent rise from 2019 amid a global economic slowdown due to the Coronavirus pandemic. In 2019, Pakistani companies earned $37 million from 19 transactions.

Last year 23 deals, most of them in the transport category were signed, according to Techshaw, with the average deal worth more than $2 million.

8 deals worth $1,265 million were signed during Q1 in terms of funding received in each quarter of 2020, while 3 deals worth $13.1 million were inked during Q2.

During Q3, 8 deals worth $16 million were finalized while during Q4 last year, 8 deals worth $16.3 million were signed.

Here is a complete list of all the businesses and funds raised in 2020.

Sr. No. Company name Funding raised
1. Screen-IT $250,000
2. InstaCare $140,000
3. MandiExpress $725,000
4. Tajir $3,300,000
5. Bazaar $1,300,000
6. Airflift $10,000,000
7. Emeds.pk $250,000
8. Social Champ $225,000
9. GrocerApp $1,000,000
10. Baby Planet $250,000
11. Safepay $150,000
12. Byte $150,000
13. Aimfit $1,000,000
14. Bykea $13,000,000
15. Healthwire $700,000
16. MedznMore $2,600,000
17. FindMyAdventure $600,000
18. Bagallery $900,000
19. Conatural $825,000
20. Clicky $700,000
21. Roomy $1,000,000
22. Finja $9,000,000

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