LAHORE: Lahore-based e-grocer 24Seven.pk and Dastgyr, a marketplace for small retailers and manufacturers, have been selected for the US-based venture capital firm SOSV’s Mobile Only Accelerator (MOX) cohort 10. Each startup has received approximately $150,000 in investment in addition to a six-month intensive accelerator programme, which includes cross-border market entry, sales and customer development, and fundraising readiness. SOSV invests in Pakistan mainly through its programme Mobile Only Accelerator and plans to increase investment activities in Pakistan and the larger MENA region in the upcoming years. Operated by SOSV, MOX is a global accelerator for consumer internet, focusing on mobile-first markets including Southeast Asia, South Asia, Middle East, South America, and Eastern Europe. Each startup in the MOX ecosystem receives approximately $150,000 investment, a six-month accelerator programme, and perpetual support through growth, business development and fundraising modules.

Source: Pakistan Today March 03, 2021 12:11 UTC