Pakistan startups draw record money helped by covid and China’s tech crackdown

The picture shows team members of Pakistan-based business-to-business marketplace, Bazaar. (Photo courtesy: Social media)

November 17: Bloomberg reported that the startup scene in the world’s fifth-largest nation is having a breakout year. More money has flowed into Pakistan’s nascent technology sector during 2021 than in the previous six years combined, with investors from the U.S., Singapore and the United Arab Emirates joining the rush. And one former Microsoft Corp. and LinkedIn Corp. employee has been involved in about half the fundraising deals. 

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