B2B e-commerce start-ups biggest VC funding winners in Pakistan H1 2020 - study
Pakistan’s start-ups received an estimated $10 million in 17 venture deals for the first half of the year, with B2B e-commerce the biggest winners.
The $10 million is split between $6 million of disclosed funding and $4 million that is an estimate of undisclosed funding, according to start-up data platform Magnitt in a new study released this week. This is a 9% drop compared to the $11 million start-ups received in venture deals in the first six months of last year.
Still, the Dubai-based Magnitt says there are “many positive indicators for the future” as the momentum for start-up funding continued in the second half with a $22 million deal for mobility start-up Airlift.
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