Forex Trading in Pakistan – Complete Guide to Forex trading
Forex trading, also known as foreign exchange or currency trading, is the buying and selling currencies on the foreign exchange market. Forex trading aims to profit from fluctuations in the exchange rate between different currencies. Forex traders buy and sell currencies in pairs to profit when the exchange rate between the two currencies changes in […]
AKUH and AKHS Hospitals First in Pakistan
The Aga Khan University Hospital (AKUH) and the Aga Khan Health Services (AKHS) are two leading healthcare institutions in Pakistan. AKUH and AKHS have a long history of providing quality healthcare services to the people of Pakistan and have played a crucial role in developing the country’s healthcare sector. In this article, we will delve […]
Alibaba Online Shopping in Pakistan
Alibaba is a Chinese e-commerce company that operates a wholesale and retail trade marketplace. It is the world’s largest online and mobile commerce company and has a significant presence in Pakistan. This article will explore Alibaba’s online shopping options in Pakistan and how Pakistani consumers can benefit from using the platform. Alibaba Online Shopping in […]
How to Add IDM Extension in Chrome
Internet Download Manager (IDM) is a popular tool for faster downloading files from the internet. IDM has a built-in feature that allows you to pause and resume downloads, schedule downloads, and more. The IDM extension for Google Chrome allows you to use these features directly from the browser. This article will explain how to add […]
Facebook Monetization in Pakistan 2022 – Complete Guide
Facebook is a social networking site where users may join up for free and interact with others who may be their friends, coworkers, or a group with similar interests. In this manner, a vast internet network is built that links individuals from all over the globe. Facebook Monetization in Pakistan 2022 The beginning of Facebook […]
In Pakistan, startup financing falls by 46.2% in three months.
In 18 transactions, Pakistani startups raised $55.4 million in the July-September quarter, a decrease of 46.2% from the prior quarter when they raised $102.9 million. cloudways Pakistan acquisition According to data published by Data Darbar, a website that analyses investment flows into the country’s digital industry, the average ticket size stayed the same in July-September at $4.6 million compared to $4.9 million in the previous quarter. “There have been spillovers from the collapse of a star startup (Airlift) and fraud charges against a fintech (TAG),” Data Darbar co-founder Mutaher Khan said in an interview with Dawn on Saturday. The startup ecosystem in Pakistan has been in financial upheaval. Airlift, a well-financed supplier of fast delivery services, ceased operations entirely. While competitors such as Careem, Swvl, Truck It In, and VavaCars have cut off personnel and reduced services, others have not. The combination of such negative news and Pakistan’s economic position has boosted our country’s risk premium. Obtaining accurate appraisals has gotten much more difficult recently,” he continued. Reduced startup finance In the most recent quarter, the annual fall in startup investment was more dramatic (68.3pc). The overall amount of money and the number of transactions were at their lowest since the first quarter of 2022. Major industries The most recent quarter was dominated by the fintech industry, which raised a total of $35.85 million over eight transactions. The second significant area was e-commerce, which drew $18.9 million in five agreements from startups. Fintech DBank ($17.6m), fintech OneLoad ($11m), eCommerce startup PriceOye ($7.9m), eCommerce startup 24seven.pk ($6m), and eCommerce startup DealCart ($4.5m) raised the most capital between July and September. Startups supported by venture investors struggle to acquire additional money for quick client acquisition. VCs are no longer prepared to provide blank checks to assist startups in acquiring new clients at a high cost. Instead of focusing solely on revenue mobilization, investors require entrepreneurs to reach break-even quickly. During the most recent three-month period, startups raised $9.8 million in six pre-seed rounds, $28 million in four seed rounds, $6 million in two pre-Series A rounds, and $11 million in a single Series A round. The additional decline in startup financing From July to September, one business founded by a woman raised $0.5 million, while four deals involving companies co-founded by women raised $20.1 million. According to the data, the total number of investors in the period was 52, compared to 81 in the preceding quarter. Mr. Khan anticipates a further decline in startup funding. Numerous delayed rounds are already reflected in the most recent numbers. “While investors continue to hold substantial cash on hand, many are hesitating to deploy […]
