Top 10 Startups In Pakistan In 2024

The startup scene in Pakistan is thriving with creativity and spirit of enterprise. The best companies in the nation are causing waves in 2024 in a variety of sectors, including fintech, e-commerce, healthcare, and logistics. These innovative businesses are not only upending established markets but also promoting economic expansion and job creation. They have substantial financial support from both domestic and foreign investors, demonstrating Pakistan's potential as a developing center for technical growth.

Let's examine the top 10 startups that are spearheading this fascinating change in more detail.

1.Tajir

Launched in 2018, Tajir is a business-to-business platform situated in Lahore, Punjab. Babar Khan and Ismail Khan founded Tajir with the goal of helping small enterprises by making necessary supplies easily accessible. With a workforce of 11–50 people and $18.95 million in funding over four rounds from renowned investors including Flexport, Y Combinator, and Kleiner Perkins, Tajir operates in the e-commerce and retail sectors.

2.GrocerApp
GrocerApp is an inexpensive online grocery store with its headquarters located in Lahore, Punjab. It was started in 2016 by Ahmad Saeed, Hassaan Sadiq, and Rai Bilal. Customers can order groceries from a variety of categories and have them delivered right to their door. GrocerApp employs 11–50 individuals and does e-commerce and consumer products business.Through three funding rounds, the startup has raised $6.2 million from investors, including Millville Opportunities Management and Ziyad Alami.

3.Dawaai
Furquan Kidwai established the digital health platform Dawaai in Karachi, Sindh, in 2013. It operates in the e-commerce and healthcare industries and has an online pharmacy that sells generic medications. Dawaai, which employs between 101 and 250 people, has raised $9.5 million in six investment rounds with the support of investors including 500 Startups and Planet N Group of Companies.

4.Finja
Founded in 2016 in Lahore, Punjab, by Monis Rahman, Qasif Shahid, and Umer Munawar, Finja is a fintech platform that offers professionals and SMEs financing, payment, and collection services.With five rounds of fundraising, this financial services company—which employs between 101 and 250 people—has raised $24.55 million from investors such as VEF, BEENEXT, and Habib Bank Limited.

5.Salesflo
In Karachi, Sindh, Naveed Memon, Sharoon Saleem, Syed Khurram Haider, and Yasir Suleman Memon established the B2B platform Salesflo in 2015. Retailers can place orders directly with approved distributors, wholesalers, and manufacturers thanks to it. With 51–100 workers, Salesflo raised PKR 518 million from Systems Limited in a single fundraising round.

6.Daraz.pk
The e-commerce portal Daraz.pk, established in 2012 in Karachi, Sindh, by Ahmed Khan, Farees Shah, Muhammad Ahsan Raza, and Muneeb Maayr, provides an extensive selection of branded apparel, accessories, jewelry, and footwear. With 501–1000 employees, Daraz.pk has raised $55.6 million over two fundraising rounds.

7.Bykea

Muneeb Maayr established the social impact app Bykea in 2016 in Karachi, Sindh. It offers expedited courier and transportation services. Bykea is a ride-sharing, courier, and classifieds company that employs 101–250 people. In two funding rounds, the business has raised $18.7 million from investors, including Middle East Venture Partners and Prosus Ventures.
 

8.KASB Securities (KTrade)

Founded in Karachi, Sindh, in 2018 by Ali Farid Khwaja, KASB Securities (KTrade) makes investing easy to understand and comfortable for anyone. KTrade, a company in the banking and financial services sectors, employs 11 to 50 people and raised $4.5 million in a single funding round from investors including Christian Angermayer and HOF Capital.

9. Cheetay

The fastest-growing NOW-Commerce platform in Pakistan, Cheetay was founded in 2015 by Ahmed Khan in Lahore, Punjab, and serves a variety of verticals, including as logistics and food delivery. Cheetay, which employs between 500 and 1000 people, has raised $11.6 million through five fundraising rounds with the help of Jabberwock Ventures.

10.SadaPay

In an effort to transform Pakistani banking, Brandon Timinsky established the neobank SadaPay in Islamabad, Pakistan, in 2018. The fintech startup has raised $9.3 million in two fundraising rounds and employs 51–100 individuals.