Startups
Pakistani AI Startup Jams Acquired by OpenAI in Landmark Deal
In a major milestone for Pakistan’s technology ecosystem, generative AI startup Jams, co-founded by former Meta engineers Asad Awan and Hamza Aftab, has been acquired by the global AI leader OpenAI. The deal amplifies Pakistan’s presence on the global AI…
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VEON Ventures reignites Pakistan’s startup economy by investing US$ 15 million in Dastgyr
3 min read
VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides mobile connectivity and services, announces today that the Group’s VEON Ventures division…
Farmdar, a Pakistan based agritech raises $1.3 million in a Seed round
3 min read
Farmdar uses deep-tech with high-res, multi-band satellite imagery to create actionable data for farmers and corporates. This data has a direct result on the efficiency…
Paymob raises $50 million in Series B Funding Round
4 min read
Paymob, Egypt’s market-leading omni-channel merchant financial services platform, today announced it has raised US$50 million in Series B funding. The proceeds will be used to…
Airlift realigns strategy amidst global recession
2 min read
In light of the significant downturn in global capital markets, Airlift is undertaking a strategic realignment to reduce the surface area of operations and to…
Sustainable Agtech firm – Red Sea Farms – attracts $18.5 million strategic raise as tech performance surpasses expectations
3 min read
Red Sea Farms, the Saudi Arabia and UAE AgTech business whose one-of-a-kind technology enables commercial farming using a low energy, zero freshwater sustainable climate control,…
YAP secures In-Principle Approval from the State Bank of Pakistan for an Electronic Money Institute (EMI) License
3 min read
YAP, a leading fintech revolutionizing the digital banking experience in the Middle East, Africa and South Asia has announced that it has been granted an…
Y Combinator-backed startup, Pylon, announces $19 million funding round
4 min read
Pylon, the infrastructure management platform transforming electricity and water companies in emerging markets, announces a $19 million seed funding round. The seed round for the…
Paymob aims to empower Pakistani merchants with online, POS and “Tap on Phone” payment solutions
4 min read
Paymob, MENA’s market-leading digital payments provider, announces its formal market entry, and the start of operations, in Pakistan. Paymob’s exciting expansion into Pakistan follows its…
Meta, NIBAF collaborate to up-skill women entrepreneurs
3 min read
Meta is collaborating with the National Institute of Banking and Finance (NIBAF), a subsidiary of the State Bank of Pakistan (SBP) to train and up-skill Pakistani…
Microsoft for Startups’ GrowthX Accelerator program welcomed the second cohort of B2B tech startups
4 min read
Microsoft for Startups, in partnership with the Abu Dhabi Investment Office (ADIO), welcomed its second cohort of 21 startups to the GrowthX Accelerator program in…
First female founded health tech startup secures $1.8 million in pre-seed funding
3 min read
Dr. Saira Siddique has become the first solo female founder of a Pakistani startup to have raised $1.8 million in pre-seed funding for health tech…
Savyour expands its reach through launch of in-store feature and Google Chrome Extension
3 min read
Savyour, Pakistan’s first pay-per-sale affiliate marketing network and rewards platform, has rolled out its in-store feature to broaden its scope from e-commerce to the overall…
Altibbi announces $44 million series B fund raise led by Foundation Holdings, Hikma Ventures and others
4 min read
Altibbi, the Middle East’s largest AI-based digital health platform, announces a $44 million, Series B fund raise; the largest single financing round for a regional…
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