News

Venture capital in Pakistan surpasses Egypt, will cross Saudi Arabia in a year, predicts Aatif Awan

Pakistani startups’ investments more than doubled in Q1 compared to last year, and Pakistan surpassed Egypt in venture capital deployed, ranking #4 in Emerging Venture Markets country ranking, according to the MAGNiTT Pakistan Venture Investment report.

Adding to the report, Aatif Awan – a former bigwig at LinkedIn, venture capital stalwart, and founder of Indus Valley Capital, a leading venture capital fund that has funded Pakistan’s biggest startups such as Bazaar, Airlift, and RemoteBase, has predicted that Pakistan is all set to surpass Saudi Arabia in venture capital deployed within a year.

The MAGNiTT Pakistan Venture Investment report provides a comprehensive overview of Pakistan’s venture capital and funding investment space and a 5-year analysis of Pakistan’s venture funding evolution. Compared to the first quarter last year, Pakistani VC investment more than doubled in 2021, with Pakistan assuming the 4th spot in the EVM (Emerging Venture Markets) country ranking.

Sponsored
Ahsan Zafeer

A digital marketing professional specializing in content-based functional areas - Ahsan Zafeer is driven by a never-ending passion for developing, nurturing, and strategizing key content aspects. He writes extensively on tech, digital marketing, SEO, cybersecurity, and emerging technologies. He also serves as a digital marketing strategist and freelance consultant for globally oriented organizations. He tweets @AhsanZafeer

Share
Published by
Ahsan Zafeer

Recent Posts

Garena Free Fire India Launch Rumors: What Fans Need to Know

Reports suggest that Garena Free Fire is set to make a much-anticipated return to India.…

6 hours ago

Albania Bans TikTok for One Year: Here’s the Reason!

The Albanian government has announced a ban on the social media platform TikTok for a…

10 hours ago

Google Pixel 9 Pro vs. 8 Pro: Biggest Upgrades Compared

The launch of Google’s latest Pixel lineup brings an exciting chance to compare the new…

11 hours ago

Azad Kashmir to Host Pakistan’s First Women-Centric Software Technology Park

ISLAMABAD: In February next year, Pakistan is set to launch its first women-focused software technology…

12 hours ago

HEC Reveals Law Admission Test Date for LLB Students

The Law Admission Test (LAT) has been announced by the Higher Education Commission (HEC) of…

13 hours ago

Meta’s WhatsApp to Release New Playback Speed Feature for Videos

Meta's WhatsApp is rolling out a new playback speed feature, allowing users to adjust video…

1 day ago