‘Asia 100 to Watch’ List
In a significant boost to Pakistan’s rapidly evolving startup ecosystem, two homegrown companies have been featured in Forbes’ prestigious ‘Asia 100 to Watch 2024’ list.
This inclusion underscores the growing influence and potential of Pakistani startups on the regional and global stage.
The two startups that have earned a spot on this esteemed list are DealCart and NayaPay, both of which are based in Karachi and have made impressive strides in their respective fields.
DealCart, an innovative player in the online grocery market, has been recognized for its ambitious efforts to cater to Pakistan’s burgeoning middle class. The company operates a comprehensive online platform that simplifies grocery shopping for consumers across the country.
Recently, DealCart secured $4.5 million in pre-seed funding, which is a testament to investor confidence in its business model and growth potential.
This funding will support DealCart in scaling its operations and enhancing its service offerings, positioning it as a significant player in the online retail sector.
NayaPay, a fintech startup also headquartered in Karachi, has garnered attention for its diverse range of digital payment solutions. The startup provides an array of services, including an e-wallet, virtual debit cards, and point-of-sale devices tailored for businesses.
NayaPay made headlines last year by raising $13 million in one of the largest seed funding rounds in South Asia. This substantial investment highlights the startup’s promising trajectory and its role in revolutionizing financial transactions in Pakistan.
The company expressed its excitement and pride at being recognized by Forbes, viewing this accolade as a reinforcement of their mission to drive the digitalization of financial transactions in the region.
The recognition of DealCart and NayaPay comes at a time when Pakistan’s entrepreneurial spirit is gaining international acclaim.
Earlier this year, seven Pakistanis were featured in Forbes’ ‘30 Under 30 Asia’ list, showcasing the diverse talent emerging from the country.
Additionally, two Pakistani businesswomen were named in the ‘Forbes 100 Most Powerful Businesswomen’ list, further highlighting the significant contributions of Pakistani professionals on the global stage.
This latest inclusion of DealCart and NayaPay in Forbes’ ‘Asia 100 to Watch 2024’ list marks another milestone in Pakistan’s journey towards establishing a robust and dynamic startup ecosystem.
It reflects the country’s growing influence in the global business arena and serves as an inspiration for other emerging entrepreneurs.
I am a dynamic professional, specializing in Peace and Conflict Studies, Conflict Management and Resolution, and International Relations. My expertise is particularly focused on South Asian Conflicts and the intricacies of the Indian Ocean and Asia Pacific Politics. With my skills as a Content Writer, I serve as a bridge between academia and the public, translating complex global issues into accessible narratives. My passion for fostering understanding and cooperation on the national and international stage drives me to make meaningful contributions to peace and global discourse.
