Here’s an interesting statistic for you: In the past one month, Pakistani startups have raised six times more funding than they managed to in the first six months of 2024. In the first six months of 2024, startups only managed to raise about $1 million. In the past month, they have raised $6 million more off the back of a few successful rounds. Back in April, there were murmurings that tech funding was noting some recovery in America and many began to wonder when the ripple effect would reach Pakistan. The $6 million raised now is hardly a moment of respite let alone a revival.

Source: Pakistan Today August 05, 2024 17:06 UTC