December 27, 2024 Alif announced it had raised a $20 mln debt investment from Accial Capital, a US-based impact private credit fund manager. The deal was facilitated with advisory support from Nairang Capital and TMT Global Advisors. The funds will be allocated to enhance Alif’s Nasiya service’s capabilities, strengthen its market position, and promote financial inclusion in […]
Mountain View, California, December 27, 2024 — inDrive, the global ride-hailing unicorn, has announced a strategic investment in Pakistan’s emerging grocery delivery platform, Krave Mart. The investment is part of inDrive’s broader effort to explore opportunities in emerging markets through its dedicated venture capital arm. The VC division, launched last year, is set to deploy […]
InfraZamin Pakistan and Saudi Pak Industrial and Agricultural Investment Co Ltd signed a landmark transaction to provide an 11.5-year Distributed Solar Financing Facility to Acumen Energy Limited (Acumen) for PKR 1.28 billion. The Facility will be backed by a PKR 1.04bn credit guarantee to Saudi Pak and will mark InfraZamin’s first foray into renewable energy. […]
ISLAMABAD, November 08, 2024 – Senior leaders from VEON Group, joined by executives from Jazz, recently met with Prime Minister Shehbaz Sharif to discuss strategic investment initiatives aimed at accelerating Pakistan’s digital transformation. The meeting covered key areas including banking, financial services, data centers, software, and cloud infrastructure, all positioned as drivers for the country’s […]
Lahore, Pakistan – Sarmayacar, a Lahore-based venture capital firm, has today announced the launch of its Sarmayacar Climaventures Fund, a groundbreaking initiative aimed at addressing Pakistan’s climate emergency. The fund, which has secured $15 million in anchor funding from the Green Climate Fund, will invest in local ventures offering scalable and impactful solutions to the […]
Palo Alto, California – October 4, 2024Farmdar, an agritech startup leveraging AI and space technologies to optimize agricultural productivity, has successfully raised a pre-Series A funding round led by Silicon Valley-based venture capital firm, Moment Ventures. The round also saw participation from existing investor Indus Valley Capital. This marks the first Silicon Valley-led investment in […]
Karachi, Pakistan – September 24, 2024 – Qist Bazaar, Pakistan’s leading Buy Now Pay Later (BNPL) fintech platform, has successfully raised $3.2 million in its Series A funding round, led by Indus Valley Capital. The round also saw participation from Gobi Partners, a prominent Asia-focused venture capital firm managing assets worth $1.6 billion. Bank Alfalah, one […]
Karachi, — In a landmark collaboration, ZLK Islamic Financial Services, Pakistan’s premier Shariah-compliant brokerage firm, has partnered with Dubai Islamic Bank Pakistan Limited (DIBPL), a subsidiary of the world’s first Islamic bank, Dubai Islamic Bank UAE. The partnership was formalized through a Memorandum of Understanding (MOU) signed by Mr. Junaid Ahmed, CEO of DIBPL, and […]