Pakistani startups raised $55 million across 9 deals in Q3
Note # 032
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In Q3, nine Pakistani startups raised $55 million in disclosed funding. Down 69% from $175 million YoY and 47% from $103 million QoQ.
This brings the total disclosed funding raised by startups in 2022 to $331 million. I had to revise my Q1 numbers as I had included a startup in my list that didn’t meet my criteria for a Pakistani startup. Apologies.
Check out the blog post for insights and a complete list of startups that raised funding in Q3.
💰 Funding Reports
Here are two more funding reports published in the last couple of days:
Please note that numbers and methodology vary from report to report.
For Q3, the biggest difference is the inclusion of Revolving Games’ $13.2 million in i2i’s roundup. My report doesn’t include Revolving Games because it doesn’t meet my criteria for a Pakistani startup. Founders live in San Francisco. It is headquartered in San Francisco.
📰 Learn
Mapping Pakistan’s video streaming landscape. New (and old) investors continue to back Pakistani entrepreneurs. Startup success depends on attracting the right talent. YAP Pakistan partners with Bank Alfalah, Neem partners with JS Bank, and KalPay partners with Muawin. IT exports were down 23% to $199M in July. Pakistan’s unbanked.
🧠 Read
Pakistan’s startup ecosystem needs a few $100 million exits. The emerging market proptech startup scene in Pakistan is noteworthy. The inside story of Airlift’s crash. A new normal for startup founders. Digitizing Pakistan’s retail economy. Pakistan is the fastest growing market for apps, but is anyone noticing? On venturing into South Asia’s untapped market. Understanding the Pakistani startup ecosystem.
🎙️ Listen
Sunny Ali (Extreme Commerce) in conversation with Muzamil Hasan.
misaal podcast: Conversations with:
Neelam Shoaib, Co-founder of Shadiyana.
Mohsen Siddiqui, Co-founder of GenMo.
Asad Iqbal, Web3 product specialist.
Rafae Dossal, Co-founder of Waggles.pk.
Aizaz Nayyer, Co-founder of Linkst.ar.
If you are more of a video person, check out all of the above podcasts on misaal’s YouTube channel.
📺 Watch
Faisal Aftab, Managing Partner at Zayn Capital, in conversation with ProPakistani.
Our creations: A handy startup funding tracker, a daily-ish newsletter summarizing noteworthy startup news, and an interview-style podcast.
Previous issues of this newsletter can be found here.
Until next month, ✌️
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