2015 was a cosmological year for Pakistani entrepreneurs. Almost $100 million were raised by start-ups functioning in the country, but still a large sum of start-ups in Pakistan are still in its formative years. Silicon Valley-based organisation World Startup Report’s local chapter named Pakistan the next target for entrepreneurs and investors.
2015 kicked off with calls from local tech gurus stating that:
“The time is ripe for investing in the country’s start-up ecosystem.”
Pakistan’s Top Start-ups for 2015 and 2016
As entrepreneurship remnants at the forefront of novelty and socio-economic progress, given below are some of the most encouraging start-ups that emerged in Pakistan in 2015 and those which are expected to do well this year.
The PSEB , PITB and Pakistan Software Houses Association helped in the compilation of the following lists after providing their individual efforts.
Notable Start-ups of 2015:
One of the top start-ups of 2015, it links farmers directly to consumers. Within eight months of its launch, Mandi Express has added more than 350 household customers and 12 major restaurants in Karachi.
Autogenie is Pakistan’s first on-demand car service and preservation start-up. The start-up raised $100,000 in seed investment from PakWheels. After performing well in Lahore, it will launch in Islamabad and Rawalpindi as well.
It is a tremble quantifier and wearable device designed specially for tracking and assessing tremor based movement disorders. With results and data recorded by the device, physicians can understand a patient’s situation. Trequant is the only Pakistani start-up selected for black box, a two-week residential programme in Silicon Valley.
Patari, a new music streaming website has an inspiring collection of Pakistani melodies ranging over decades and portrays talents of fresh artists. It has almost 30,000 songs and more than 600 artists.
Sukoon.com.pk is an online platform aimed to connect individuals looking for household services with pre-screened, independent workers: electricians, painters, plumbers and carpenters.
A start-up trying to redefine conventional broadcasting by making television shows interactive, it has raised $220,000 in seed funding from Fatima Ventures. Broadcasters can also use the app for targeted advertisements.
Start-ups Likely to do Well in 2016:
Other than Autogenie and Patari, we think the following start-ups will make remarkable impact in the coming year.
DoctHERs is a new healthcare system that permits home-based female doctors to remotely treat millions of under-served patients with the help of internet-enabled technologies. It is the winner of MIT Enterprise Forum of Pakistan’s Business Acceleration Program 2015.
Markhor sells hand-made, good-quality leather shoes. It became the first start-up from Pakistan to be acknowledged into Y Combinator a three month incubation program based in Silicon Valley earlier this year thus getting $120,000 in seed capital.
The app is like Uber for rickshaws, presenting an alternate to the country’s meager transportation system. They have already managed to make a revenue of almost Rs 500,000 for their convoy of more than 700 drivers in Lahore. In 2016, they intend to expand their services to all the major cities of Pakistan.
A start-up that offers WiFi solutions for businesses in exchange for social media logins, it raised an unrelieved amount of seed investment valuing the company at $1 million.