Pawri abhi bhi ho rahi hai
During Q1 2021, Pakistani startups raised $18,700,000 in disclosed funding across eight deals.
Compared to the first quarter of 2020, it’s an increase of 1,378% from $1,265,000. However, compared to the fourth quarter of 2020, it is a 6% decline from $19,645,000 million.
For the startup ecosystem, given the global pandemic, 2020 was a remarkable year in terms of funding. Pakistani startups raised a record $56 million across 28 deals. Compared to 2019, the amount of funding increased 50% whereas deals were up 47%.
And the first quarter of 2021 didn't disappoint. …
2020 isn’t over until you file 2020 taxes, sorry.
If you’re like me, you probably don’t want to think about 2020 anymore. But before you can truly move on from 2020, you must deal with your 2020 taxes.
For the 2021 tax season, many things have changed thanks to (among others) the COVID-19 pandemic.
In this post, I will help you understand what’s new for this tax season and what’s staying the same.
But first, let’s take care of the basics of the 2021 tax season:
Another year, another record.
In 2020, Pakistani tech startups raised a record $56 million across 28 deals. Compared to 2019, the amount of funding increased 50% whereas deals were up 47%.
💰 $56,435,000 — Total amount raised by 27 startups.
#️⃣ 28 — Number of deals during the year.
📊 50% — Year over year growth in funding.
📈 $2,015,536 — Average deal.
🛒 E-Commerce — Most funded category.
The year started strong with 4 startups raising $1.2 million to end Q1 with positive momentum. That was followed by an even…
I was born in Karachi. The last time I was there, Musharraf was in power; 2006 to be specific. Since then, there have been two instances when I felt like going back for a visit. One, after I discovered Irfan Junejo’s vlogs and two, after witnessing last year’s 021 Disrupt — Pakistan’s leading tech conference with an entrepreneurial zeal.
Before the pandemic, yearly starting in 2017, the who’s who of tech converged in Karachi for this premier tech conference. This year, the conference was virtual due to the pandemic allowing me, and many others all over the world, to attend…
In his post about brand Pakistan, Uzair Younus suggests that by solving the operational inefficiencies, Pakistan can improve its image in the global economy and perhaps change the narrative that it isn’t a “terrible product.”
However, his solution ignores the core issue that is the foundation of any narrative — the People.
In 2004, I wanted to take advantage of PayPal’s $10 referral program. So I got this idea for a game and found a developer in Karachi. With 7 completed projects and 5-star feedback on Scriptlance (later acquired by Freelancer), he seemed like a solid choice.
Startup funding stats, in the palm of your hands.
I maintain a spreadsheet where I record all publicly disclosed funding transactions. This helps me keep track of the total amount of money startups have raised, perform quarterly and yearly analysis, and identify trends.
Ever since I discovered Glide, I wanted to turn my spreadsheet into an app. But it wasn’t made for Glide, so I had to configure it to make it Glide-able. Long story short, it’s ready for your eyes while I populate it with more transactions and data points.
Introducing Techshaw Pulse
During Q3 2020, eight Pakistani startups raised $16,025,000 in disclosed funding.
Compared to Q3 2019, that’s an increase of 58% from $10,170,000 and 22% increase over the previous quarter from $13,100,000.
This brings the total amount raised by Pakistani startups year-to-date to $30,390,000.
Q3 was no different. The deal count doubled from the previous quarter and for the first time since 2015, there was a Series B investment in a Pakistani…
Have you noticed how everyone is starting a newsletter on Substack?
Last month, four people I follow on Twitter started a newsletter:
According to Substack’s CEO, the readership and writership have doubled since the pandemic started. People…
What Pandemic, Shandemic?
During Q2 2020, three Pakistani tech startups raised $13,100,000 in disclosed funding.
Compared to Q2 2019, that’s an increase of 114% from $6,125,000 and 936% increase over the previous quarter from $1,265,000.
This year started strong with 4 startups raising $1.2 million in funding to end Q1 with great momentum.
Despite the ongoing pandemic and Pakistan’s inability to get a grip on the Coronavirus situation, the startup ecosystem attracted $13 million in Q2 funding.
A big caveat here is that one startup, the VC darling — Airlift Technologies — raised a huge $10 million Series A-1 round…
The doodh jalebi fails the smell test, but maybe it still tastes good?
Let’s talk about Patari, the Pakistani music streaming app. And the only Pakistani startup product with a personality.
Back in 2015, when Patari first launched, it was the only game in town. As in, it had a solid team, beautifully crafted product, and a viral launch a startup can only dream of. Not to mention, a grand mission to empower artists and delight users.
Everything about Patari was doodh jalebi awesome. But the glory days came to a screeching halt in April of 2018.
Mostly caffeinated. Always introverted. Unquestionably polymath.