Startups

Uber is bringing you Startup Investors, not Rishta Aunties

Forget Rishta aunties, Uber is bringing investors to you!

Uber Pakistan has come up with an interesting strategy to support budding startups. Teaming up with ArabNet, Uber has introduced UberPITCH in Pakistan for the first time. The UberPITCH concept was first introduced a few years back when Uber teamed up with Google Ventures to bring investor pitches to people’s doorsteps. Since then, this concept has been adopted in numerous countries around across the world.

Uber Pakistan made the announcement via an official blog post.

“For the first time in Pakistan, we’re teaming up with ArabNet to make life-changing moments available at the touch of a button, in 3 cities across Pakistan. Startup warriors, entrepreneurs, and dreamers – your big break is arriving now.”

People with a brilliant startup idea can submit an application online. However, there is a catch. The startup must have been functional for at least 12 months, have less than 25 employees, and less than $2 million in investment. Selected applicants will then be sent a promo code via which they will be able to unlock the UberPITCH option in the Uber mobile app. Applications are currently open and the final showdown will be on September 30th. On that day, successful applicants will be asked to book a ride using the UberPITCH option between 11 AM to 3 PM.

Typically, an investor takes a ride with you in UberPITCH. Applicants will be given 7 minutes to pitch and 7 minutes for feedback after which they will be dropped off to their pickup location. The investor names haven’t been revealed yet. However, TechJuice has reached out to Uber for a statement.

Winners are expected to be announced by 4th October.

Sponsored
Maryam Dodhy

I love bringing to light stories of extraordinary people working in Pakistan's tech and startup industry. You can reach out to me through maryamdodhy@techjuice.pk.

Leave a Comment
Share
Published by
Maryam Dodhy

Recent Posts

Pakistani Passport Continues to Rank Among the Worst in the World

According to the most recent Henley Passport Index, Pakistan's passport is still one of the…

16 hours ago

November 9 Approaches: Will Iqbal Day Be a Public Holiday This Year?

As Iqbal Day approaches on November 9, Pakistan prepares to honor Allama Iqbal, the celebrated…

17 hours ago

Most Wanted Human Trafficker Taken Into Custody

GUJRAT: According to the Gujrat circle of the Federal Investigation Agency (FIA), they have arrested…

18 hours ago

Air Sial Starts Weekly Flights from Islamabad to Riyadh

Air Sial, one of Pakistan's leading private airlines, has officially launched its weekly flights from…

18 hours ago

Important Update on Profit Rates for Savings Schemes 

On Friday, the government stated that from November 4th, 2024, profit rates on National Savings…

20 hours ago

Pakistan to Legalize Bitcoin and Cryptocurrency Through SBP Act Amendments?

The federal government has proposed amendments to the State Bank of Pakistan (SBP) Act aimed…

20 hours ago