Pakistani Startups make it to Forbes Asia ‘100 To Watch’ List, marking an achievement for the nation’s entrepreneurial industry. Forbes Asia’s list highlights innovative small companies and startups across the Asia-Pacific region that are rapidly growing and have the potential to impact their industries. This year, Pakistani startups DealCart and NayaPay earned their spots on this prestigious list, showcasing their remarkable growth and potential within the competitive global market.
Pakistani Startups Make It to Forbes Asia ‘100 To Watch’ List
Forbes Asia’s 100 To Watch List features companies from 16 countries and territories representing various industries, including finance, technology, manufacturing, and more. This year, India led the list with 20 companies, followed by Singapore, China, Japan, and Indonesia. However, the inclusion of two Pakistani startups—DealCart and NayaPay—shows the rising potential of Pakistan’s startup ecosystem.
Founded in 2022, DealCart operates from Karachi, providing an online grocery platform for Pakistan’s expanding middle class. It allows customers to purchase fresh produce, snacks, and other household essentials while also enabling small grocery stores to access a broader customer base. DealCart’s impressive growth was highlighted by a $3 million seed funding round in July, co-led by Abu Dhabi-based Shorooq Partners and London-based Sturgeon Capital.
NayaPay’s Journey to Forbes Asia’s List
NayaPay, a fintech startup established in 2016, has made a name in digitizing financial transactions in Pakistan. It offers an easy payment processing platform that includes an e-wallet, virtual debit card, and online payment services. For businesses, NayaPay provides point-of-sale devices, simplifying the transaction process. The startup’s success is further highlighted by its $13 million seed funding round in 2022, led by Zayn Capital, MSA Novo, and Graph Ventures.
Read more: Five Pakistanis Make it to Forbes 30 Under-30 List
