LAHORE – Pakistani startup businesses witnessed impressive growth in outgoing 2021 as they received historic funding worth $375 million from venture capitalists.
The figure is five times higher than what the local startups generated in the whole of 2020 when they raised only $66 million. The value is two times higher than the funding raised in last six years combined.
The investors showed most interest in logistics sector as it raised 32% of total funding in 2021, followed by e-commerce 27% and fintech 25%. Investment in health tech-related startup shared 4% while Education tech 4% in the outgoing year.
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Airlift (Grocery Delivery) is at the top of the list as it raised $85 million in funding, followed by Bazaar (B2B Marketplace) with $30 million and TAG (E-money) with $17.5 million.
Tajir raised $17 million while $15 million were poured in Qisstpay startup.
The government would focus on Fintech, helathtech and Edtech startups in 2022, to raise more funding.
