Start-ups raise $128m in six months

Published July 2, 2021
According to investment advisory firm AlphaBetaCore, the start-up funding in January-June exceed­­ed the amount raised for the last three years combined. — AFP/File
According to investment advisory firm AlphaBetaCore, the start-up funding in January-June exceed­­ed the amount raised for the last three years combined. — AFP/File

KARACHI: Start-up investments in the first half of 2021 amounted to $128 million, which is the highest recorded in any six-month period. According to investment advisory firm AlphaBetaCore, the start-up funding in January-June exceed­­ed the amount raised for the last three years combined.

In an infographic posted on social media on Thursday, the company said e-commerce was the highest-funded sector with reported deal flows of $39m. This reflects a share of 30 per cent in total funds raised during the six months.

Fin-tech was the second most attractive sector with funds raised totalling $30m, reflecting a share of 23pc. Half of the fin-tech funds were raised by formal e-money platforms.

Transport, ed-tech and health-tech and “others” had respective shares of 16pc, 10pc, 7pc and 14pc. The average ticket size per deal remained $3.5m, up three times from a year ago.

The period under review recorded a sharp turn towards Series A funding, which signifies the start-up market is getting deeper. Series A funding, which is raised by a business after developing a track record, constituted a 57pc share followed by seed funding (36pc) and pre-seed funding (6pc).

Published in Dawn, July 2nd, 2021

Opinion

Big win, bigger challenges
Updated 19 Sep 2021

Big win, bigger challenges

Pakistan should be smug. It is not. There are a number of likely scenarios that must be the source of its unease.
Power of stays
19 Sep 2021

Power of stays

Great power means no one dare ask you questions.
Local decay
18 Sep 2021

Local decay

The set-up in Sindh exercises total control over LG functions.

Editorial

Talking to the Taliban
Updated 19 Sep 2021

Talking to the Taliban

PRIME Minister Imran Khan has announced that he has started a dialogue with the Taliban for the formation of a...
New Zealand’s departure
Updated 19 Sep 2021

New Zealand’s departure

THERE was chaos and despair when New Zealand decided to call off their tour of Pakistan barely minutes before the...
19 Sep 2021

Crucial polio campaign

THE national vaccination campaign that kicked off in Khyber Pakhtunkhwa on Friday is being described by experts as...
Blinken’s remarks
Updated 18 Sep 2021

Blinken’s remarks

The US establishment cannot scapegoat Pakistan for two decades of bad policy in Afghanistan.
18 Sep 2021

Worrying survey

THE findings of the Labour Force Survey 2018-19 indicate that some important headline trends have already taken or...
18 Sep 2021

Special needs

THE fact that only 3,653 children with special needs, out of some 300,000 in Sindh, are registered with the...