Trends - Startups - Business Recorder

Startups

Pakistan’s automotive care startup Okayker Secures $700,000 in seed funding

Company says multiple angel investors have taken interest in its fund-raising

Published 01 Jun, 2023 05:38pm

Pakistan

‘Negative investor perception’: venture capital association calls out internet suspension

The Venture Capital Association of Pakistan (VCAP), a platform aimed at facilitating startups, expressed its concern...

Updated 12 May, 2023 08:11pm

Pakistan

Pakistan’s financial platform Abhi raises Rs2bn Sukuk bond, a ‘first in MENAP’

Demand for bond exceeded expectations, says Abhi

Updated 12 May, 2023 05:18pm

Business & Finance

Correction needed in Pakistan startups’ business model: Rider CEO Salman Allana

Company founder says offering discounts means you are not confident that your product is solving a real problem

Updated 05 May, 2023 07:07pm

Business & Finance

First time in three years: no startup deal for Pakistan in April 2023

Fall seen due to global downturn in funding and it is not exclusive just to Pakistan

Published 01 May, 2023 10:45pm

Business & Finance

Once booming Indian startups set for more pain as funding crunch worsens

MUMBAI: A funding squeeze at Indian startups that has already led to layoffs and delayed stock listings is set to...

Published 19 Apr, 2023 10:36am

Business & Finance

Trucking startup Trella to cease operations in Pakistan: report

Trucking startup Trella will wind down its business in Pakistan, reported Bloomberg on Thursday, citing two people...

Updated 13 Apr, 2023 06:24pm

Business & Finance

Pakistan’s startup funding recovers in first quarter of 2023

Pakistan’s startup funding increased 55% to $23.1 million in the first quarter of calendar year 2023 compared to the...

Published 02 Apr, 2023 10:49pm

Supplements

Digital technologies, innovation and startups

TEXT: -Effective digital ecosystem is vital; powered by an enabling environment including right policies, funding...

Published 29 Mar, 2023 06:28am

Business & Finance

Pakistan to produce a unicorn by 2025: Endeavor Managing Partner Allen Taylor

Says 20 unicorns are possible in the country by 2030

Updated 12 Mar, 2023 02:29pm

Technology

Pakistani fintech AdalFi raises $7.5mn to tackle lending challenges

KARACHI: Pakistani digital lending platform AdalFi said on Thursday it has raised $7.5 million in funding, the first...

Updated 16 Feb, 2023 03:15pm

Business & Finance

MAGNiTT publishes 2023 edition of Emerging Venture Markets Report

KARACHI: MAGNiTT, the largest verified data platform tracking venture capital investments across emerging markets,...

Published 17 Jan, 2023 06:02am

Markets

Largest takeover of local startup by a US firm: PSX hosts gong ceremony to mark acquisition of Cloudways by DigitalOcean

KARACHI: The Pakistan Stock Exchange (PSX) welcomed Lord Aamer Sarfraz of Kensington, who is a senior adviser to...

Published 06 Jan, 2023 05:58am

Pakistan

KE announces winners of ‘innovation challenge’

KARACHI: K-Electric (KE) announced the winners for the first 7/11+ Innovation Challenge in partnership with...

Published 28 Nov, 2022 06:51am

Business & Finance

Gender inclusivity in tech startups a strategic imperative: Sadaffe Abid

CIRCLE founder says women-led startups get lower funding and this trend needs to change

Published 18 Nov, 2022 08:58pm

Business & Finance

500 Global teams up with JS Group to support startups

KARACHI: The 500 Global, one of the most active venture capital firms in the world, has partnered with JS Group, one...

Published 02 Nov, 2022 04:37am

Technology

Edkasa: the startup using TikTok to spark students' love for learning

Founder says startup is ‘opposite of Airlift’ when it comes to making a little funding go a long way

Published 27 Oct, 2022 05:31pm

Perspectives

Startups and their founders: a new normal for all

Last year was a breakout one for Pakistan’s startup sector. More than 80 deals were disclosed and around $350...

Updated 28 Sep, 2022 09:55am

Markets

Karachi-based 'financial wellness' platform Neem raises $2.5mn

Funding to be utilised to serve financial wellness to Pakistan’s underbanked communities, says Neem

Updated 13 Sep, 2022 03:45pm

Pakistan

After failure, you must reset yourself: Airlift's co-founder Ahmed Ayub

At IBA event, startup founders and corporate leaders discuss Pakistan's startup landscape

Published 08 Sep, 2022 10:02pm

Technology

'Pakistan’s startup ecosystem needs a few $100mn exits'

Ali Samir Oosman, MD of Endeavor Pakistan, says this will result in massive multiplier effect

Published 06 Sep, 2022 11:58pm

Technology

Pakistan's fintech PostEx acquires Call Courier

Deal makes it largest e-commerce service provider in the country, PostEx says

Published 30 Aug, 2022 12:02pm

Business & Finance

It takes a lot to get a startup off the ground, but certain factors help

Sarmayacar, a VC firm, helps explain the process of fundraising and making an investors’ pitch

Updated 26 Aug, 2022 11:51am

Pakistan

Pakistan to see its first digital wealth management company with launch of Mahaana

The company recently closed a $2.1-million pre-seed round, will introduce technology-led investment management in the country

Updated 23 Aug, 2022 09:23am

Technology

Sequoia enters Pakistan with Dbank investment

Pakistan-based fintech announces raising $17.6mn in seed round, the largest in country's history

Published 30 Jul, 2022 06:33pm

Business & Finance

For Pakistan’s start-ups, the ‘journey has just started’

Partner at Keystone Law says UAE and Dubai in particular should be explored for setting up headquarters

Updated 30 Jul, 2022 11:49am

Technology

Pakistan's DealCart announces it has raised $4.5mn in pre-seed funding

Company has a 'buy together and save together' model, which allows users to buy in groups, as well as share deals on messaging platforms and social media

Updated 28 Jul, 2022 05:16pm

BR Research

Startups and funding – where do we stand?

Where Pakistan is ramping up efforts to digitize its retail grocery industry ranging from quick commerce to strict...

Updated 18 Jul, 2022 11:25am

Business & Finance

Backed by Dubai and Pakistan investors, GOHO Rooms aims to expand footprint

Company looking to ride on growth of Pakistan's tourism sector

Published 13 Jul, 2022 05:02pm

Technology

Pakistan’s startups raise $103mn in April-June, amount 40% lower on quarterly basis

As per Invest2Innovate's deal flow update, 'if you’re a business that bleeds a ton of money without any path to profitability, 2021 may have been your year, but certainly not 2022'

Updated 02 Jul, 2022 08:51pm

Gainers
Losers
Leaders

Stock	Price
Kohinoor Mills / Jun 8 Kohinoor Mills Limited(KML)	52.68 ▲ 3.68 (7.51%)
Colgate Palm / Jun 8 Colgate-Palmolive (Pakistan) Limited(COLG)	1801.55 ▲ 125.69 (7.50%)
Gatron Ind. / Jun 8 Gatron (Industries) Limited(GATI)	281.39 ▲ 19.63 (7.50%)
Indus Dyeing / Jun 8 Indus Dyeing & Manufacturing Co. Limited(IDYM)	137.66 ▲ 9.60 (7.50%)
Khyber Tobacco / Jun 8 Khyber Tobacco Company Limited(KHTC)	489.02 ▲ 34.12 (7.50%)
Shezan Inter. / Jun 8 Shezan International Limited(SHEZ)	115.92 ▲ 8.09 (7.50%)
Sunrays Textile / Jun 8 Sunrays Textile Mills Limited(SUTM)	123.63 ▲ 8.63 (7.50%)
Bunnys Limited / Jun 8 Bunnys Limited(BNL)	16.23 ▲ 1.13 (7.48%)
Hala Enterprise / Jun 8 Hala Enterprises Limited(HAEL)	6.40 ▲ 0.39 (6.49%)
Pak Gen.Ins. / Jun 8 The Pakistan General Insurance Co. Ltd.(PKGI)	6.49 ▲ 0.39 (6.39%)

Stock	Price
Century Paper / Jun 8 Century Paper & Board Mills Limited(CEPB)	31.40 ▼ -24.13 (-43.45%)
Mod. Al-Mali (R) / Jun 8 Modaraba Al-Mali R(MODAMR1)	0.45 ▼ -0.15 (-25.00%)
PICIC Ins.Ltd. / Jun 8 PICIC Insurance Limited(PIL)	0.59 ▼ -0.06 (-9.23%)
P.I.A.C.(A) / Jun 8 Pakistan International Airlines Corp(PIAA)	3.58 ▼ -0.30 (-7.73%)
J.K.Spinning / Jun 8 J.K. Spinning Mills Limited(JKSM)	42.78 ▼ -3.47 (-7.50%)
Philip Morris Pak. / Jun 8 Philip Morris (Pakistan) Limited(PMPK)	428.55 ▼ -34.73 (-7.50%)
Pakistan Services / Jun 8 Pakistan Services Limited(PSEL)	832.50 ▼ -67.50 (-7.50%)
Allawasaya Tex / Jun 8 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	2988 ▼ -241.81 (-7.49%)
Bilal Fibres / Jun 8 Bilal Fibres Limited(BILF)	2.27 ▼ -0.17 (-6.97%)
U.D.L.Modaraba / Jun 8 First UDL Modaraba(FUDLM)	4.90 ▼ -0.35 (-6.67%)

Stock	Volume
WorldCall Telecom / Jun 8 Worldcall Telecom Limited(WTL)	79,599,537 ▼ -0.02
Unity Foods Ltd / Jun 8 Unity Foods Limited(UNITY)	20,930,612 ▲ 0.66
Telecard Limited / Jun 8 Telecard Limited(TELE)	16,584,665 ▼ -0.27
Pak Int.Bulk / Jun 8 Pakistan International Bulk Terminal(PIBTL)	15,416,500 ▼ -0.17
TPL Properties / Jun 8 TPL Properties Limited(TPLP)	13,452,835 ▲ 0.09
Pak Refinery / Jun 8 Pakistan Refinery Limited(PRL)	11,614,238 ▼ -0.19
Bankislami Pak. / Jun 8 BankIslami Pakistan Limited(BIPL)	11,156,759 ▼ -0.38
TRG Pak Ltd / Jun 8 TRG Pakistan Limited(TRG)	9,934,796 ▼ -2.79
Fauji Foods Ltd / Jun 8 Fauji Foods Limited(FFL)	9,822,229 ▲ 0.00
Ghani Glo Hol / Jun 8 Ghani Global Holdings Limited(GGL)	7,201,890 ▼ -0.26

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 8	287.32
USD PKR Interbank Buying / Jun 8	287.12
USD to Japanese Yen / Jun 8	139.76
USD to Swiss Franc / Jun 8	0.91
Pound Sterling to USD / Jun 8	1.24
Euro to USD / Jun 8	1.07
UK LIBOR % / Jun 7	5.07

Stock	Volume
S&P 500 / Jun 7	4267.52
Nasdaq / Jun 7	13104.89
FTSE 100 / Jun 7	7624.34
Dow Jones / Jun 7	33665.02
Germany DAX 30 / Jun 7	15960.56
France CAC40 / Jun 7	7202.79
India Sensex / Jun 8	63203.02
Tokyo Nikkei / Jun 8	31605.11
Hang Seng / Jun 8	19177.52

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 7	20235
Gold 10 Grams PKR / Jun 7	194873
Crude Oil USD/Barrel / Jun 8	72.32
Gold Spot USD/Ounce / Jun 8	1946.62
Cotton US¢/pound / Jun 8	81.37

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