The Nest I/O concluded its seventh incubation cycle with their Demo Day event, where graduating and alumni startups pitched their solutions and products to local and international investors. The graduating startups from the latest cohort are disrupting diverse sectors such as education, e-commerce retail, the blockchain, wedding industry and various others. Moreover, 50% of these startups are being spearheaded by female entrepreneurs.
A total of 25 startups, which included the graduating batch and some alumni, pitched to a panel of investors and corporates. Some of the key investors present at the event included representatives from Fatima Ventures, Elahi Group of Companies, and Bakery. With the seventh cohort graduating from the incubator, The Nest I/O has now trained over 139 startups in just three years. Speaking at the event, Raza Matin, Business and Marketing Consultant for Google in Pakistan said,
“The Nest I/O has and continues to play a vital role in the development of the startup ecosystem in Pakistan by continuously bringing together fantastic entrepreneurs, seasoned mentors, and strategic investors to catalyze the growth of startups. We at Google, and I personally, am very proud to be associated with what is largely one of the beachheads of technology entrepreneurship in Pakistan.”
While still in the initial phase of launching their entrepreneurial journey, some of the startups in the recent batch have already shown progress in terms of traction and revenue, such as WeMakers, an EdTech startup focusing on the area of STEM education, 3D-printing and Robotics, that has been featured on BBC; and Paiman, a health and beauty startup that has generated revenue of PKR 45,000 within one week of its product launch.
The graduating startups of the seventh batch include:
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