Tez Financial Services, a Karachi, Pakistan-based digital Non-Bank Microfinance Company (NBMFC), raised USD$1.1m in seed funding.
Daraz, an online retailer in Asian frontier markets, secured €50m (approx. $55m) in the first financing round.
Global online food delivery marketplace Foodpanda acquired 8 competitors to expands its leadership in India, Malaysia, Singapore, Philippines, Pakistan, Hong Kong, Thailand, and in Middle East. It acquired: – JUST EAT India in India (which follows the purchase of TastyKhana in November), – Food Runner, in Malaysia, Philippines, and Singapore, – EatOye in Pakistan, – […]
PakWheels.com, a Lahore, Pakistan-based automotive platform, received $3.5m in funding. Frontier Digital Ventures made the investment. The company intends to use the funds to improve existing services and build new offerings. Led by Muhammad Raza Saeed, Co-Founder and CEO, PakWheels.com allows users to buy and sell cars and bikes, read automotive reviews and news, check […]
iKnowl, the Karachi, Pakistan-based parent company of Artsly, an educational content discovery platform for arts and crafts video lessons, raised $175k from Kima Ventures. Founded by brothers Huzaifa Muhammad (CEO) and Jehanzaib Muhammad (CTO), Artsly is a community of artists and learners where it is possible to find video-based lessons in photography, dancing, music, makeup, […]
The Royal Bank of Scotland Group plc reached agreement in principle for the sale of its 99.37% holding in The Royal Bank of Scotland Limited (RBS Pakistan) to MCB Bank Limited (MCB) for a total consideration of US$ 87m. The transaction is subject to necessary Regulatory approvals and is expected to complete by the end […]