AVN 64.05 Decreased By ▼ -0.54 (-0.84%)
BAFL 28.70 Decreased By ▼ -0.55 (-1.88%)
BOP 4.04 Increased By ▲ 0.02 (0.5%)
CNERGY 3.47 Decreased By ▼ -0.01 (-0.29%)
DFML 11.90 Increased By ▲ 0.20 (1.71%)
DGKC 43.85 Increased By ▲ 1.40 (3.3%)
EPCL 46.41 Increased By ▲ 0.21 (0.45%)
FCCL 12.05 Increased By ▲ 0.19 (1.6%)
FFL 5.40 Decreased By ▼ -0.09 (-1.64%)
FLYNG 5.85 Increased By ▲ 0.06 (1.04%)
GGL 10.52 Decreased By ▼ -0.15 (-1.41%)
HUBC 67.69 Increased By ▲ 0.59 (0.88%)
HUMNL 5.39 Decreased By ▼ -0.03 (-0.55%)
KAPCO 24.16 Increased By ▲ 0.11 (0.46%)
KEL 2.09 Increased By ▲ 0.03 (1.46%)
LOTCHEM 25.46 Increased By ▲ 0.33 (1.31%)
MLCF 25.95 Decreased By ▼ -0.03 (-0.12%)
NETSOL 73.40 Decreased By ▼ -0.60 (-0.81%)
OGDC 83.49 Decreased By ▼ -0.36 (-0.43%)
PAEL 10.97 Increased By ▲ 0.42 (3.98%)
PIBTL 3.97 Increased By ▲ 0.18 (4.75%)
PPL 64.50 Increased By ▲ 0.70 (1.1%)
PRL 12.15 Decreased By ▼ -0.12 (-0.98%)
SILK 0.86 No Change ▼ 0.00 (0%)
SNGP 39.11 Decreased By ▼ -0.19 (-0.48%)
TELE 7.45 Decreased By ▼ -0.24 (-3.12%)
TPLP 14.18 Increased By ▲ 0.13 (0.93%)
TRG 106.30 Increased By ▲ 0.53 (0.5%)
UNITY 13.30 Increased By ▲ 0.20 (1.53%)
WTL 1.18 Decreased By ▼ -0.01 (-0.84%)
BR100 4,050 Increased By 14.6 (0.36%)
BR30 14,374 Increased By 42.5 (0.3%)
KSE100 39,958 Increased By 109.4 (0.27%)
KSE30 14,835 Increased By 68.4 (0.46%)
Follow us

Linkst.ar, an AI-powered web space that allows freelancers and influencers to sell Direct-to-consumer (D2C) services, announced that it has raised pre-seed funding at a valuation of $5 million.

The funding was led by SOSV, a US multi-stage venture capital firm with over $1.3 billion in assets under management, which has been investing in Pakistan for several years and is an early backer of startups such as Dastgyr, Blink, 24Seven and Priceoye.

The funding round also saw participation from Sarmayacar and K3 Diversity Ventures, added the statement, which did not disclose the amount of funds raised.

Co-founded by Aizaz Nayyer, Adeel Abid and Ali Raza Rizvi under the parent company Savvy Technologies, the startup was launched in January 2022, and has crossed more than 15,000 users, it added.

“We aim to enable freelancers and influencers to sell their services directly to customers without any communication restrictions or commissions,” CEO and co-founder Aizaz Nayyer was quoted as saying.

“Think of it as a Shopify for freelancers and influencers with the added bonus of Discovery, which we are launching next month to enable businesses to match with the most relevant freelancers and influencers with just a few clicks,” he added.

Meanwhile, Adeel Abid, another co-founder, added, “We are changing the game of how people work online. By cutting out middle-men, commissions and restrictions, we are giving power back to creators and service-providers.”

The announcement comes as Pakistan witnessed a drop in fundraising during the second quarter of the ongoing calendar year (April-June 2022), raising a total of $103 million across 15 deals, as per Invest2Innovate's (i2i) deal flow update. The amount was 40% lower on a quarterly basis.

Comments

Comments are closed.

Linkst.ar announces pre-seed funding at $5mn valuation

Intra-day update: rupee remains stable against US dollar

Punjab polls delay: another SC judge recuses from hearing PTI's petition

MPC meeting: SBP likely to raise key policy rate by 200 basis points

Honda Atlas extends plant shutdown amid import difficulties

Airports’ outsourcing: ECC approves draft TASA for hiring IFC as TA

Five killed in stampedes at flour distribution sites

Probe into T-bill bids: Senate panel urged to direct SBP to assist CCP

Conditions specified: Punjab govt willing to take over Discos

Iftar, Sehri: PM orders uninterrupted gas supply to Karachi

Power from Thar coal projects: Nepra grills NTDC for not completing transmission line