News Around

Startups make 7 major investment announcements at 021disrupt

The third edition of Pakistan’s leading entrepreneurial and innovation conference, 021Disrupt, was organized by The Nest I/O on November 2nd & 3rd at a hotel in Karachi, aiming to connect local and international investors, innovators, and tech pioneers with the entrepreneurial community of Pakistan.

The conference was not only an opportunity to exchange innovative ideas and insights but also provided investment and partnership opportunities.

This year 021Disrupt attracted 1100+ entrepreneurs, investors, influencers, professionals and students attending the conference from all over Pakistan.

The speaker line up included global voices from the USA, UAE, Norway, Malaysia, Singapore, Vietnam and other countries. More than 600 startups from across the country engaged with 23 investors in over 200+Office Hours.

There were major announcements at the conference that will influence the investment climate in the coming years.

“The startup ecosystem is ready now! No one can hold us back, as long as we support each other and grow with each other” commented Jehan Ara, President P@SHA, and Founder of The Nest I/O.

Investment announcements at 021Disrupt 2019:

Fatima Gobi Ventures closed the biggest Series A funding in Pakistan of $12 million in Airlift, a mass-transit ride-hailing service;

TelloTalk, Pakistan’s first homegrown messenger, closed their Seed Funding Round of $1.2 million led by Spark Labs and multiple global investors who are investing in Pakistan for the first time;

Swvl announced that it would invest $25 million in Pakistan in the next two years to mobilize 500,000 commuters, create 10,000 jobs per year, fund pre-seed startups working in the mobility space, and build an off-shore support office;

PriceOye closed a seed funding round of $450,000 led by Fatima Ventures, Artistic Ventures and Kinetico;

Oman Technology Fund closed Seed Funding Round of $100,000 in Queno, an ed-tech startup that provides a communication solution for parents and teachers;

Find My Adventure announced its acquisition of K-Town Rooms and the launch of 100 FMA Rooms across Pakistan with a flat rent;

HBL COO Saghir Mufti announced its Open Banking initiative and the launch of an Investment Fund for FinTech Startups by January 2020.

Rabeel Warraich, Founder & Managing Director Sarmayacar also launched the Venture Capital Association of Pakistan (VCAP), an association of 12 VCs fueling the investment landscape of Pakistan.

The conference hosted breakthrough talks and panel discussions addressing diverse themes of engineering, technology, investments, user design, civic innovation, mobility and transport, tourism and agritech.

Related Articles

Daraz hires 3000 delivery personnel for its upcoming 11.11 sale

Brands Magazine

Jehangir Bader passes away

Brands Magazine

Young Pakistani entrepreneurs declared lawful victory over source code theft allegation

Isra Shams