Pakistan has seen some of the greatest investments this year in the startup sector. According to a Bloomberg report, after two e-commerce startups raised fresh funds, the startup funding in Pakistan crossed $300 million in 2021.
In its Series A round, Pakistan’s largest online travel and ticketing platform Bookme raised $7.5 million in Series A round. Following closely behind, Bagallery – a beauty and fashion startup, raised $4.5 million in a similar round.
Both the funding rounds were co-led by Zayn Capital, Lakson Venture Capital, and Hayaat Global. The flow of money in Pakistan has been record-breaking and the total money invested into Pakistani startups this year has been more than in the previous six years combined. Several global venture capital firms have invested in Pakistan which has resulted in a “funding frenzy” – as quoted by Bloomberg.
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