Bykea, a technology platform for on-demand transport and related services, announced today that it has completed a $5.7 million Series A round of financing from Pakistan’s first VC fund Sarmayacar and institutional investors from South East Asia and the Middle East. The financing will be used to fund Bykea's expansion in ride sharing, express delivery and conversion of cash for digital use, for both consumers and businesses across Pakistan.
Bernhard Klemen, International Partner, Sarmayacar, talks about the steps Pakistan needs to take in order to attract venture capitalists.
Sarmayacar, a Netherlands-based early stage seed fund, announced on Friday the close of Sarmayacar Ventures, a $30 million venture capital fund geared towards supporting Pakistani startups. Founder and Chief Executive Officer Rabeel Warraich and international partner Dr Bernhard Klemen will lead the fund's investment of $100,000-$2m into companies focused on the technology and technology-enabled sectors, a press release issued by the company said.
Sarmayacar, a syndicate of foreign investors to promote Pakistani startups has announced Rs. 25 millionSeed funding for SimPaisa which is Pakistan’s first direct carrier billing company, a product of PublishEx(Pvt.) Ltd. SimPaisa Raises Rs. 25 million in Seed Financing From Sarmayacar.
ProCheck, a startup focused on banishing fake drugs, has announced today that it has raised $250,000 in the seed financing round led by Sarmayacar and also joined by Pakathon/Elastica.
Patari announced this Friday that it has secured $200,000 of seed stage funding from Sarmayacar, an investor syndicate. Patari, one of the most notable music streaming services in Pakistan, announced the investment details in a signing event in Lahore...