Pakistan E-Commerce Startup Raises Record $37 Million Series A
- Telecom firm Veon leads round, enters Pakistan’s startup space
- Dastgyr plans to become Pakistan’s first unicorn in few years
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Pakistan’s Dastgyr Technologies Pvt., which aims to create an e-commerce platform similar to Alibaba Group Holding Ltd. for emerging markets, raised $37 million in the country’s largest-ever Series A funding.
The venture arm of telecommunications operator Veon Ltd. led the fundraising by contributing about 40% of the investment. The Dutch-domiciled giant serves more than 217 million customers in nine countries and is the largest mobile phone service provider in Pakistan.