Update: Spark Labs leads $1.6m investment in TelloTalk
Update: A spokesperson from i2i Ventures has reached out to us to inform that the lead investor in TelloTalk is actually Spark Labs.
i2i Ventures, an early-stage investment fund with a focus on Pakistan-based technology companies, has announced its second investment in TelloTalk.
TelloTalk is a startup incubated at The Nest I/O that has developed an instant messaging application that allows people to exchange messages, interact in group chats, use push-to-talk feature for walkie-talkie functionality, and share images and files.
i2i Ventures is the first female-founded institutional fund that focuses on Pakistan-based technology startups. Cofounded by Pakistani-American social entrepreneur, Kalsoom Lakhani, and fintech and impact investing professional, Misbah Naqvi, i2i Ventures aims to support the innovative entrepreneurs of Pakistan by taking an impactful and unbiased approach for investing.
Misbah Naqvi expressed her delight by tweeting:
“Excited to announce that our 2nd investment at i2i Ventures is TelloTalk! TelloTalk is Pakistan’s first homegrown localized messaging & content platform. We’re super proud to partner with @ShahbazJamote1 & the fantastic team in their $1.6m seed round.”
Shahbaz Ali Jamote, CEO TelloTalk Inc., commented:
“Thanks for Team i2i’s support, mentorship, and sheer courage! We promise to provide a state-of-the-art communications platform for Pakistan that we can all proudly call home.”