Four Pakistani startups made it to this year’s cohort of Chinaccelerator, one of the programs of the global venture capital SOSV. That means half of the selected companies were Pakistani who will receive up to $150,000 investment for 6% equity and undergo a 3+3 month program.
Lately, there has been a growing trend among Pakistani startups to seek early-stage funding from international accelerators. For example, nine local startups have graduated from SOSV’s MOX, including three in the latest cohort. Meanwhile another nine have gotten Y Combinator’s backing, with four in the W22 batch alone. But back to Chinaccelerator, following are the four startups who got in.
MoveIt
Sector: Transportation and Logistics
Founder(s): Agha Khan, Arafat Mir, Asad Gabol, Mirza Baig, Uzair Khan
MoveIt is an intra-city logistics platform that caters to both businesses and individual customers. The startup was incubated at the National Incubation Centre Islamabad.
Lorryz
Sector: Transportation and Logistics
Founder(s): Capt Adnan Ahmed
Lorryz is a B2B freight network that provides on-demand transportation services. It previously raised $1.4M funding in 2020 through i-Cell Telecom and the Emirates Investment & Development Centre.
InstaWorld
Sector: Transportation and Logistics
Founder(s): Basit Sheikh, Hashaam Sheikh
InstaWorld is a B2B solution provider for retailers. It offers warehouses and fulfillment centers, a logistics fleet, a fintech-enabled instant payment solution, and an AI-powered end-to-end technology stack.
Trikl Technologies
Sector: FinTech
Founder(s): Haseeb Siddiqui
Trikl is a financial wellness platform that lets consumers save and invest their money. The startup is currently onboarding users for its waitlist.
