According to a Deal Flow Tracker by Invest2Innovate (i2i), Pakistan’s startup sector raised a considerable $163 million in the course of the first quarter of 2022. Data exhibits the overall is just a bit underneath half of your entire quantity raised in 2021, which was a report yr for Pakistan’s startups.
In the three months of 2022 (January-March), a complete of $163 million has been raised throughout 15 offers. From 2015 to 2022 YTD, Pakistani startups have now raised a complete of $728 million throughout 272 offers.
Pakistan’s Startup Sector Raised $163 million During Q1 2022
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During the quarter, coworking areas together with Daftarkhwan and COLABS raised capital. COLABS raised $3 million, whereas the quantity for Daftarkhwan was undisclosed.
Mixed offers together with each native and worldwide traders nonetheless made up the majority of capital raised ($122 million). International offers accounted for $36 million, whereas native offers amounted to $850,000.
Out of the 4 purely native offers, two have been on the Pre-Seed stage, one was on the Seed stage, and one at Pre-Series A, information confirmed.
Bazaar raised $70 million, making it the most important deal for Q1 2022. Interestingly, Bazaar first raised capital in 2020, when Pakistani startups had cumulatively raised $65 million. This was adopted by retailo, which raised $36 million in a Series A spherical, and Jugnu which attracted $22.5 million in Series A funding.
E-commerce offers accounted for 60% of all of the capital raised this quarter ($202 million), however solely 31% of all offers. Fintech offers accounted for 27% of all capital raised this quarter i.e. $17 million whereas accounting for 30% of the deal depend. Meanwhile, trucking and logistics startups raised $13 million.
Pakistan’s startup sector witnessed the perfect yr in 2021, as 81 offers value $350 million have been made. The quantity raised was greater than 5x of what was raised in 2020 i.e. $65 million.
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Source: Business Recorder