Startups

Chkar.com – a vacation rental online marketplace raises Rs.50 million in funding from MFSYS

Chkar.com has raised Rs.50 million in investment from MFSYS Software and Systems – Pvt. Ltd. in a ceremony held at the headquarters of MFSYS. Chkar.com is an online marketplace that lets you rent homes for your vacations in Pakistan. It has been termed as Gilgit Baltistan’s first Airbnb.

Founded in 2017, Chkar.com aims to empower the people in Gilgit Baltistan and Khyber Pakhtunkhwa to monetize their homes much like Airbnb and others. They are aiming to create the same culture in the beautiful tourist destinations of Pakistan. You can already book homes in more than 25 destinations in Pakistan or become a host on the platform if you have some place that you want to rent out to travelers.

MFSYS Software and Systems is a technology company that specializes in developing software for the Microfinance and Banking sector. MFSYS will also provide Chkar.com with state-of-the-art solutions so the company can expand further.

The CEO of MFSYS said on the occasion that Chkar.com has enormous potential to grow in Pakistan and subsequently in Central Asia as it is in a good position to provide quality services in the region. Chkar.com also raised Rs. 1 million in financing in 2019 from Accelerate Prosperity Pakistan (APP) – a business incubation and acceleration initiative of the Aga Khan Development Network

Image Source: MFSYS

Sponsored
Talha Ikram

Leave a Comment
Share
Published by
Talha Ikram

Recent Posts

China’s Tencent Releases Large Language Model, Opens it For Enterprise Use

Capable of conversing in both Chinese and English, Tencent’s large language model ‘Hunyuan’ is claimed…

7 months ago

Apple Reportedly Spending ‘Million of Dollars Each Day’ for AI Training

Working on multiple AI models, Apple has allocated several teams who are working on artificial…

7 months ago

World’s Largest Wind Turbine Breaks Record For Power Generated In A Single Day-During A Typhoon

The world's largest offshore wind turbine has achieved a milestone by setting a new record…

7 months ago

YouTube Will Let You Play Mini Games Soon

YouTube is stepping into the world of gaming. YouTube has started testing out its gaming…

7 months ago

Pakistani Student Won First Position In Matric Exams of UAE

In a remarkable academic achievement, Abdullah Zaman, a Pakistani student hailing from Attock, has clinched…

7 months ago

‘Flying Bum’ World’s largest Aircraft Is Ready To Launch In 2026 With Hybrid Technology

Flying Bum, the world's largest aircraft is ready to launch in 2026. The Airlander 10…

7 months ago