ProPakistani raises investment for further expansion
ProPakistani will also be focusing on entertainment news with a dedicated section.
ProPakistani, one of the leading online news publishers in Pakistan has just raised an eight-figure investment round from two renowned investment firms and angel investors.
ProPakistani is also among the top 100 websites in Pakistan. The company in a recent press release statement has revealed its remarkable feet but the exact investment figure has been kept confidential. As the eight-figure term implies, it is expected that the media outlet would have raised between one to nine crore rupees and this investment has placed the company’s valuation in the millions of dollars.
The investors who helped them raise this investment included The Interactive Group, Eikon7, and two angel investors: Usman Yousuf and Umayr Abbasi.
Interestingly, the media outlet that began its journey with tech and telecom coverage is now also focused to rival leading players in entertainment news industry as it has launched Lens, a dedicated entertainment section, earlier this year. A company’s spokesperson told TechJuice,
We’ve already made great progress in Lens, our entertainment section. Within six months, we’re already a quarter of the size of Mangobaaz and Parhlo and we’ll focus on continuing that growth trajectory.
The company which now has around 30 employees will now be focusing on quick expansion and growth over the next 2 years. ProPakistani has also added three new members to its Board of Directors: Usman Yousuf, Shayan Mahmud, and Umayr Abbasi.
Meanwhile, Founder of ProPakistani Aamir Attaa will continue as the Chief Executive Officer (CEO), Syed Talal has been appointed the Chief Content Officer (CCO) and Shayan Mahmud will serve as the company’s Chief Brand Officer (CBO).
While expressing his views on the recent development, Amir Atta said;
“It’s a moment of great pride for our team and our community and we will remain focused on our core mission to provide value to our readers. We’ve seen unprecedented growth over the last few years and the funding will help us accelerate our expansion plans.”
Usman Yousuf, who will now serve as the Chairperson of the Board of the company said that;
“What makes ProPakistani special is its positioning, the passionate and energetic team, its unique voice for national non-partisan progress, powerful curated content and I could go on and on. ProPakistani’s equity story almost tells itself and it’s an honor and privilege for me to lead the Investment and the Board. We will work tirelessly to realize ProPakistani’s growth potential and provide the resources to accelerate towards our ambitious national and regional goals. Onwards and upwards!”