pakistan
Meta’s Oversight Board overturns takedown decision for Pakistan child abuse documentary
The Oversight Board has overturned Meta’s decision to take down a documentary revealing the identities of child abuse victims in Pakistan.
Pakistan cuts off phone and internet services on election day
Pakistan has temporarily suspended mobile phone network and internet services across the country to combat any “possible threats,” a top ministry said, as the South Asian nation commences its national…
Singapore-based startup EduFi raises funding for its student loan platform
EduFi, a fintech startup that enables financially strapped students to secure loans for their education, has raised $6.1 million in a pre-seed round led by Zayn VC with participation from…
Wikipedia unblocked in Pakistan after Prime Minister’s intervention
Pakistan has unblocked Wikipedia in the South Asian market, three days after the online encyclopedia was censored in the nation over noncompliance with removing what the local regulator deemed as…
Pakistan ‘degrades’ Wikipedia, warns of complete block over ‘sacrilegious’ content
Pakistan has “degraded” Wikipedia in the country for 48 hours for not removing “sacrilegious contents” and warned of fully blocking the site if the online encyclopedia fails to comply with…
Pakistan’s markets regulator issued new guidelines for digital lending in the country, cracking down on several sketchy practices that it said have become prevalent in the South Asian market. The…
Uber is scaling back its operations in Pakistan, the latest in a series of efforts from the ride-hailing firm as it looks to improve its financial performance. The company says…
Pakistan revokes YC-backed Tag’s fintech services, orders to pull apps
Pakistan’s central bank on Friday revoked the in-principle and pilot operations approval of Tag to operate as an electronic money institution in a move that poses existential threat to the…
Pakistan’s Neem raises $2.5M to serve underbanked communities with its embedded finance platform
Pakistan’s embedded finance platform Neem has raised $2.5 million in a seed funding round as it works to support underbanked communities in the country. The Karachi-based startup targets communities across…
The first half of 2022 broke fundraising records at VC firms, but everyone we spoke to expected fundraising to slow by the end of the year. While it is slowing…
SnappRetail helps Pakistan’s kiryanas compete against supermarkets
The number of global retailers, department stores and supermarkets operating in Pakistan is increasing, which spells convenience for consumers, but trouble for kiryanas, or small general stores. According to a…
Nigerian digital bank Kuda is the latest African startup to lay off employees
Kuda, the challenger bank based in Nigeria and the U.K., has joined the ranks of tech companies in Africa that are pruning their workforce. The news of the layoffs, which…
PostEx acquires Call Courier to become Pakistan’s largest e-commerce service provider
Pakistani fintech PostEx has acquired logistics service provider Call Courier, creating what it describes as the largest e-commerce service provider in the country. PostEx will now serve 1.3 million users…
Peter Thiel backs electronics marketplace PriceOye in maiden Pakistan investment
A Pakistani startup, which has taken inspiration from China’s JD.com and India’s Flipkart to build a managed marketplace of electronics products, said on Tuesday it has raised seed funding from…
The State Bank of Pakistan, the South Asian nation’s central bank, has ordered fintech Tag to “immediately” refund all funds to customers citing violation of regulatory requirements and “other concerns,”…
DealCart is focused on price-conscious Pakistani consumers
The price of consumer goods has been soaring all around the world, creating a major budgeting headache for many people. Social commerce startup DealCart wants to make life easier for…
Sequoia, the world’s most influential venture fund, has made its maiden investment in Pakistan, joining a growing list of high-profile investors who have backed young firms in the South Asian…
Venture capital funding may have slowed, but VC firms have no problems raising new funds
Three firms discuss their funds and any concerns that limited partners had brought up during the fundraising stage.
Airlift, Pakistan’s top startup, shutting down following funding crunch
Airlift, Pakistan’s top startup, is shutting down in a move that has sent shock waves to the nascent but fast-growing ecosystem in the South Asian market. The Lahore-headquartered startup told…
Rider is taking a nimble approach to e-commerce logistics in Pakistan
Rider is on a mission to provide online shoppers in Pakistan with “Amazon-like” next-day deliveries. The Karachi-based company announced it has raised $3.1 million in new funding from Y Combinatior,…
Alibaba extends logistics arm to Pakistan for e-commerce unit Daraz
Cainiao, the logistics service operated by Alibaba, is launching two automated distribution centers in Karachi and Lahore as its first entry into Pakistan, it announced on Friday. Alibaba’s overseas expansion…
Dear Sophie: What are the visa options for international founders?
I started a startup in Pakistan with a couple of co-founders a few years ago. One of the co-founders and I want to move to the United States to access…
Daily Crunch: PayPal Ventures leads $50M Series B for Egyptian fintech Paymob
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Egyptian fintech Paymob raises $50M led by PayPal Ventures and Kora Capital
Egyptian fintech Paymob, which enables merchants to accept digital payments online and in-store, announced today it has raised $50 million in Series B funding. PayPal Ventures, the global corporate venture…
RaliCap gets backing from global VCs and launches $30M fintech fund for emerging markets
RaliCap, an early-stage venture capital firm focused on emerging markets fintech, has launched a $30 million fund. Last month, the firm, formerly known as Rally Cap Ventures, reached its first close…
Daily Crunch: In latest earnings release, Twitter admits to miscounting users for the second time
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Managing goods as they make their way through multiple warehouses and logistics providers is one of the biggest headaches that businesses in the supply chain face. After leaving his job…
Tofino Capital reaches first close of $10M fund to back startups in frontier markets
Tofino Capital, a venture capital firm targeting early-stage startups in emerging markets, has launched its $10 million fund. It is announcing the first close of this fund at $5 million…
Daily Crunch: Elon Musk sets sights on Twitter with unsolicited $43B takeover bid
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Pakistan’s Zaraye, a B2B supplies platform, raises $2.1M from Tiger Global and Zayn
Obtaining raw materials is a major pain point for Pakistan’s manufacturers, who need to have multiple phone calls with suppliers while waiting for rates, say the founders of Zaraye. The…
