Technology

Pakistani startups break records despite worldwide economic downturn in 2020

Pakistani startups 2020

During 2020, Pakistani startups succeeded to raise a whopping $47 million in pre-seed, seed, pre-Series A, Series B and Series B funding rounds in 23 transactions, which was a 26 percent increase from 2019 in the midst of a global economic downturn due to the Coronavirus pandemic. In 2019, from 19 transactions, Pakistani companies received $37 million. 

According to Techshaw, 23 deals were signed last year, most in the transport category, with the average contract worth more than $2 million. 

In terms of funding received in each quarter of 2020, 8 deals worth $1,265 million were signed during Q1 while 3 deals worth $13.1 million were detected during Q2. 

Eight deals worth $16 million were finalized during Q3, while 8 deals worth $16.3 million were signed during Q4 last year. 

Here is a full list of all the 2020 enterprises and funds raised. 

Company Name Funding Raised Company Name Funding Raised 
Screen-IT $250,000 Social Champ $225,000 
InstaCare $140,000 GrocerApp $1,000,000 
MandiExpress $725,000 Baby Planet $250,000 
Tajir $3,300,000 Safepay $150,000 
Bazaar $1,300,000 Byte $150,000 
Airlift $10,000,000 Aimfit $1,000,000 
Emeds.pk $250,000 Bykea $13,000,000 
Healthwire $700,000 Conatural $825,000 
MedznMore $2,600,000 Clicky $700,000 
FindMyAdventure $600,000 Roomy $1,000,000 
Bagallery $900,000 Finja $9,000,000 

Most Popular

To Top