Pakistani startup makes it to Forbes list

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A Pakistan-based online travel search and booking site has made it onto the prestigious Forbes Asia’s 100 to Watch list.

Sastaticket.pk has been listed in the e-commerce and retail category.

It claims to be Pakistan’s largest online travel search and booking site. Sastaticket says it had $10.5 million in gross sales from nearly 70,000 transactions in 2020, and raised $1.5 million in a series A round in 2018 led by Gobi Partners.

It was founded in 2015 while Shazil Mehkri serves as its CEO.

The inaugural Forbes Asia 100 to Watch list spotlights notable small companies and startups on the rise across the Asia-Pacific region.

“At a time when economies worldwide are struggling from the pandemic, these agile companies are on a growth path. Their inclusion in the list comes in part from addressing problems such as improving transportation in congested cities, expanding affordable connectivity in remote regions and preventing food waste,” said Forbes.

Seventeen countries and territories are represented. Top categories include biotechnology & healthcare, e-commerce & retail, food & hospitality and education & recruitment. The lively startup communities in India and Singapore produced 22 and 19 companies, respectively. Hong Kong has 10 and Indonesia eight. Mainland China has just four, as many candidates were above the required maximums for revenues or funding.

Read more: https://pakobserver.net/digital-road-freight-pakistans-truck-it-in-startup-raises-3-million-in-extended-seed-round/

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