Islamabad: Thanks to the efforts of the SIFC, Pakistani startups DealCart and NayaPay have made it to Forbes’ ‘Asia 100 to Watch 2024’ list.
DealCart aims to alleviate budget challenges for middle- and low-income Pakistani consumers due to rising food prices.
Similarly, NayaPay focuses on digitizing transactions between businesses and consumers.
DealCart has secured $5 million in pre-seed funding and offers consumers the ability to order fresh fruits, vegetables, detergents, and other items.
Forbes mentioned that small grocery stores can also attract more customers by selling their goods on DealCart.
In July, DealCart obtained $3 million in seed funding from Abu Dhabi’s Shurooq Partners and London’s Sturgeon Capital.
NayaPay’s app provides e-wallets, virtual debit cards, and online payment services, as well as point-of-sale devices for businesses to install in stores.
NayaPay raised $13 million during prominent seed rounds in South Asia in 2022, led by Zen Capital, MSA Novo, and Graph Ventures.