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Mar 09, 2021 PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Startups

TPL Trakker to Power Lahore based Ride Hailing Services
Technology

TPL Trakker to Power Lahore based Ride Hailing Services

  • Following the partnership, TPL Trakker’s Location Based Service (LBS) APIs, will power B4U Cab’s Ride Hailing Mobile Apps for consumers and cab drivers.
  • The Lahore-based B4U Cabs aims to expand operations throughout the country.
Published 03 Feb, 2021 11:52am
Israel-UAE partnership launches $100 million tech investment fund
World

Israel-UAE partnership launches $100 million tech investment fund

  • Liquidity Capital, an Israeli fund management company has joined with Vault Investment, a Dubai-based company, to launch a $100 million debt investment fund.
  • The Dubai-based fund will target technology startups in the region, especially those looking for alternative sources of funding.
Updated 25 Jan, 2021 01:35pm
Startup Investment Rise to $77M in Pakistan
BR Research

Startup Investment Rise to $77M in Pakistan

  • Startup investments in Pakistan increased by 97 percent in 2020 as compared to 2019, according to data from MAGNiTT's 'State of Startup Funding - 2021 Emerging Venture Markets' Report.
  • The number of startup deals in Pakistan also went up by 45% this year as opposed to the general downward trend in the MENA region.
Published 21 Jan, 2021 07:27pm
Airbnb valuation surges past $100bn in biggest US IPO of 2020
Markets

Airbnb valuation surges past $100bn in biggest US IPO of 2020

  • Shares opened at $146 on the Nasdaq, far above the initial public offering (IPO) price of $68 apiece that raised $3.5 billion for the company.
  • The IPO highlights a stunning recovery in Airbnb's fortunes after the firm's business was heavily damaged by the COVID-19 pandemic earlier this year.
Published 11 Dec, 2020 12:03am
NASA paying startups $1 for moon rocks
Technology

NASA paying startups $1 for moon rocks

  • The startups will collect "a small amount" of material from the surface of the moon's south pole in 2023, NASA announced.
  • The total contract is worth $1 — with the first payment representing 10% of the total.
Updated 05 Dec, 2020 02:56pm