News, Startups

Venture capital in Pakistan surpasses Egypt, will cross Saudi Arabia in a year, predicts Aatif Awan

Ahsan Zafeer Written by Ahsan Zafeer · 34 sec read>
Pakistani startups’ investments more than doubled in Q1 compared to last year, and Pakistan surpassed Egypt in venture capital deployed, ranking #4 in Emerging Venture Markets country ranking, according to the MAGNiTT Pakistan Venture Investment report.

Adding to the report, Aatif Awan – a former bigwig at LinkedIn, venture capital stalwart, and founder of Indus Valley Capital, a leading venture capital fund that has funded Pakistan’s biggest startups such as Bazaar, Airlift, and RemoteBase, has predicted that Pakistan is all set to surpass Saudi Arabia in venture capital deployed within a year.

The MAGNiTT Pakistan Venture Investment report provides a comprehensive overview of Pakistan’s venture capital and funding investment space and a 5-year analysis of Pakistan’s venture funding evolution. Compared to the first quarter last year, Pakistani VC investment more than doubled in 2021, with Pakistan assuming the 4th spot in the EVM (Emerging Venture Markets) country ranking.

Written by Ahsan Zafeer
A digital marketing professional specializing in content-based functional areas - Ahsan Zafeer is driven by a never-ending passion for developing, nurturing, and strategizing key content aspects. He writes extensively on tech, digital marketing, SEO, cybersecurity, and emerging technologies. He also serves as a digital marketing strategist and freelance consultant for globally oriented organizations. He tweets @AhsanZafeer Profile