Start-ups in Pakistan had a head start in 2021 as venture capitalists pumped $375 million during the year. This was five times higher than the funds received in 2020 and double those raised in the last six years combined.
Data from start-up investment advisory platform Alpha Beta Core showed logistics finance had a lion’s share of 32%. This was followed by e-commerce at 27%, fintech at 25%, and the rest by tech and health tech respectively.
Alpha Beta Core CEO Khurram Schehzad said investments in Pakistan’s start-ups were growing exponentially. He said the average deal size was up 4 times to $5 million as against $1.2 million in 2020. Invest2Innovate (I2I), which tracks the flow of money to start-ups, said 178 transactions worth $231 million took place between ...