First Pakistani VC Fund in Seven Years Targets Tech, Health
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Pakistan is getting the first venture-capital fund denominated in local currency in seven years, with Sai Venture Capital Pvt. launching one to target the country’s fledgling tech industry and other startups.
The Lahore-based company seeks $10 million from mainly local investors, co-founder Ahsan Jamil, 43, said in an interview. The fund is currently 40% committed and received approvals from the country’s securities regulator last month, he said.