Two Pakistani startups, DealCart and Nayapay, have been named to Forbes' prestigious list of 'Asia 100 Companies to Watch 2024'.
Karachi-based Dealkart runs an online grocery site targeted at the country's growing middle class, while fintech startup Nayapay operates a payments processing platform that aims to help digitize transactions between consumers and businesses, according to the Forbes website.
Dealcart, which has raised $4.5 million in pre-seed funding, lets customers order fresh fruits and vegetables, snacks, cleaning products, and other general merchandise. Small grocers can also sell on DealCart and tap into its customer base, Forbes said.
The company added that in July it raised $3 million in a seed funding round co-led by Abu Dhabi-based Shorouk Partners and London-based Sturgeon Capital.
Meanwhile, NayaPay's app supports e-wallets, virtual debit cards and online payments, and it also offers businesses point-of-sale devices that can be installed in their stores.
The fintech startup raised $13 million in 2022 in one of South Asia's largest seed rounds led by Zayn Capital, MSA Novo and Graph Ventures.
NayaPay said it was “extremely pleased” to be selected, adding: “This recognition places us among the most innovative pioneers across 16 regions around the world.”
Earlier this year, seven Pakistanis were named in Forbes magazine's 30 Under 30 Asia list.
Separately, in March, two Pakistani businesswomen were named in Forbes magazine's list of '100 Most Powerful Women in Business for 2024'.
