Four Telenor velocity startups acquire funding

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Staff Reporter

Islamabad

Four of the most promising Telenor Velocity Startups namely Shopsy.pk, MicroPower Labs, EcoEnergy, and ForiMazdoori have successfully landed a sizeable fundingof up to $600,000that will help them make it big in the market. Making the best use of ICT and a constant rise in mobile broadband usage in the country, all three startups aim to resolve longstanding everyday problemsfaced by the Pakistani people.
“I congratulate the Velocity startups on this great achievement and thank the investors for recognizing and placing their trust in our young innovators,” said Irfan Wahab Khan, CEO, Telenor Pakistan.
“The development is a testament to Velocity’s serious potential as a launch pad for innovations from Pakistan’s highly gifted young minds. Being the country’s favourite telecom and digital lifestyle partner, Telenor places a special focus on scaling up entrepreneurial ventures so as to materialize our vision of social and youth empowerment. We have a long term commitment in Pakistan and work to promote a digital ecosystem in the country that changes lives through technology. I hope that our startups continue to make their mark on the global innovation map and inspire youth everywhere,” he added.