Foreign investors announce $38.5 million investment in Pakistan’s tech industry

[ASKardar]

Karachi: Pakistan’s e-commerce industry is all set to receive millions of dollars in investments in the next two years, GNN reported.

As per details garnered, several international tech giants have unveiled their plans of pouring millions of dollars in Pakistani tech-industry during 021Disrupt, a major tech and entrepreneurship conference.

Airlift—App-based bus hailing startup—announced investment amounting to USD 12 million under its Series A investment plan.

Likewise, Egyptian Swvl disclosed its plans of pouring $25 mln in Pakistan in the next two years. The investment will create as many as 10000 jobs.

PriceOye — an e-commerce aggregator based out of Islamabad — announced a seed round worth $450,000, led by Fatima Ventures with participation from Artistic Ventures and Kinetico.

Queno — an edtech offering enterprise resource planning software for schools — disclosed seed money worth $100,000 from the Oman Technology Fund.

SOURCE: http://gnnhd.tv/index.php/Business/...industry-to-receive-usd-38-million-investment