KARACHI:
Pakistani startups have started making waves in the international arena by attracting wider international investment and media coverage.
Since the Covid-19 outbreak in the country, the e-commerce industry has grown in popularity and firms specialising in this sector are leveraging digitalisation to bring suppliers and customers closer to each other.
In the current era of rapid digitalisation, many startups have sprung up across different industries.
One can say that competition has intensified in the market, but still many have managed to strategically place themselves at the top. Not only they have generated impressive sales and stellar revenues, they have also managed to make a mark internationally.
The first Forbes Asia 100 to Watch list is worth mentioning here, which highlights the prominent Asia-Pacific small businesses and startups that are on the rise.
These nimble businesses are growing at a time when economies throughout the world are suffering due to the Covid-19 pandemic. Their placement on the list is due in part to their efforts to resolve issues by improving mobility in congested cities, extending cheap connections and so on.
Biotechnology, healthcare, e-commerce and retail are among the most popular categories in these startups.
Pakistani startups have received significant foreign funding, which is more than the value of initial public offerings (IPOs) at the Pakistan Stock Exchange (PSX).
In the entire 2020, Pakistani startups got investment of...
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