Foreign investors announce $38.5 million investment in Pakistan’s tech industry
As per details garnered, several international tech giants have unveiled their plans of pouring millions of dollars in Pakistani tech-industry during 021Disrupt, a major tech and entrepreneurship conference.
Airlift—App-based bus hailing startup—announced investment amounting to USD 12 million under its Series A investment plan.
Likewise, Egyptian Swvl disclosed its plans of pouring $25 mln in Pakistan in the next two years. The investment will create as many as 10000 jobs.
PriceOye — an e-commerce aggregator based out of Islamabad — announced a seed round worth $450,000, led by Fatima Ventures with participation from Artistic Ventures and Kinetico.
Queno — an edtech offering enterprise resource planning software for schools — disclosed seed money worth $100,000 from the Oman Technology Fund.