KARACHI: Two Pakistani startups, NayaPay and DealCart have been included by the Forbes as part of its prestigious ‘Asia 100 to Watch 2024’ list, local media reported on Wednesday. DealCart, based in Karachi, runs an online grocery platform catering to Pakistan’s expanding middle class. The startup, which has collected $4.5 million in pre-seed funding, permits customers to purchase a variety of products, including snacks, fresh produce, and household essentials.
The platform also enables small grocery stores to reach a wider consumer base. In July, DealCart successfully raised around $3 million in a seed funding round, led by Shorooq Partners from Abu Dhabi and Sturgeon Capital from London.
NayaPay is a fintech firm, providing a comprehensive payment processing solution. Its application offers features such as an e-wallet, online payment services and virtual debit card, along with point-of-sale devices for businesses. NayaPay, also raised $13 million in 2022 in one of South Asia’s largest seed funding rounds, is led by Zayn Capital, MSA Novo, and Graph Ventures.
This recognition follows earlier accolades for Pakistani entrepreneurial talent, including seven persons featured in Forbes’ 30 Under 30 list for Asia earlier in the current year and two Pakistani businesswomen who were named in Forbes’ ‘100 Most Powerful Businesswomen 2024’ list in March.
