KARACHI: Two Pakistani startups, NayaPay and DealCart, have been named in Forbes’ prestigious ‘Asia 100 to Watch 2024’ list, local media reported on Wednesday.
DealCart, based in Karachi, operates an online grocery platform designed to serve Pakistan’s growing middle class. The startup has secured $4.5 million in pre-seed funding and allows customers to purchase a range of products, from snacks and fresh produce to household essentials.
Additionally, DealCart helps small grocery stores expand their customer base. In July, the company raised approximately $3 million in a seed funding round led by Shorooq Partners from Abu Dhabi and Sturgeon Capital from London.
NayaPay, a fintech firm, offers a comprehensive payment processing solution, including an e-wallet, online payment services, and a virtual debit card, as well as point-of-sale devices for businesses. In 2022, NayaPay raised $13 million in one of South Asia’s largest seed funding rounds, with contributions from Zayn Capital, MSA Novo, and Graph Ventures.
This recognition adds to earlier accolades for Pakistani entrepreneurs, including seven individuals featured in Forbes’ 30 Under 30 list for Asia earlier this year and two Pakistani businesswomen who were named in Forbes’ ‘100 Most Powerful Businesswomen 2024’ list in March.
