Data Darbar
@datadarbar_io
Decoding Pakistan's Tech Sector.
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http://insights.datadarbar.io 24-02-2022 19:04:06
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Our Tech and VC Landscape report for Pakistan is finally out. Supported by Indus Valley Capital, this 87-pager report has everything from historical funding data to a section on alternative data looking at the growth of Digital Pakistan. Download now: insights.datadarbar.io/tech-vc-landscā¦
For all the bad rap VC gets, it's realistically the only form of capital available in Pakistan. Just compare venture funding vs money via IPO in the last five years. Check more charts in Data Darbar and Indus Valley Capital Tech & VC Landscape report: insights.datadarbar.io/tech-vc-landscā¦
In just 2.5 years of its launch, Raast has reached a sizable scale and processed 301.9M transactions worth PKR 6.3T in 2023. However, almost all the activity is led by P2P where rerouting of IBFT has traditionally helped. Read the Payment Systems Update: insights.datadarbar.io/pakistan-digitā¦
Six years after getting acquired by Alibaba Group, Daraz remains deep in losses. And now, even the growth has vanished. In FY23, the group revenues fell by over 18%, breaking away the 55% increase in each of the preceding 2 years. Read more: insights.datadarbar.io/what-lies-insiā¦
Even 10+ years after founding and the biggest market share, there is no sign of profitability for Daraz. In FY23, the group posted net loss of $144M ($161M on adjusted basis) - more than what it managed to earn in revenues. Read more in Data Darbar: insights.datadarbar.io/what-lies-insiā¦
We're partnering up with sAi Venture Capital to start a nuanced discourse on where the IT sector stands and whatās needed to snowball it further. Stay tuned for deep dives on specific issues related to ICT by Ahsan Jamil and Mutaher Khan.
As we celebrate the "highest-ever" monthly ICT exports, reminder that our presence beyond US is negligible. To Singapore, 5th largest ICT importer, PK exported $533M over the last decade. Read more in this Data Darbar piece by Ahsan Jamil and I: shorturl.at/vo8f5
#Pakistan: Women Press Freedom expresses grave concern over the online threats directed at Absa Komal following her condemnation of an attack on the Christian community in Sargodha; including being openly threatened by a member of a religio-political party known for its extremist
The stars finally aligned for easypaisa digital bank in 2023 as its bottomline turned black with net profit of PKR 502M. But what finally gave? Read this Data Darbar piece to find out: insights.datadarbar.io/how-easypaisa-ā¦
In other news, Pakistan's "fast-growing" tech sector is all set to post its steepest decline on record. The sectoral GDP in April-June is projected to be the lowest in 12 quarters. Read more in Data Darbar insights.datadarbar.io/pakistani-techā¦
Temporarily back for this. Aug: Govt reintroduces tax on banks with ADR <50%, a cutoff cleared by only 4 Sep: Facing a PKR 4T deficit to be covered by Dec, banks increase loans to NBFIs by PKR 260B, 2x+ over August's value Read more in Data Darbar: insights.datadarbar.io/due-diligence-ā¦
AI's venture dominance continues: startups raised $16.8B in Q3'24 (up 38.8% YoY), capturing 31% of all VC $ while overall funding slumped to $54.7B. AI rounds averaged $23.5M (vs $13.9M overall) & claimed 42% of all mega-deals. Read Data Darbar analysis:tinyurl.com/2p9vhb7v
Excited to launch our Tech and VC Landscape Report 2024 in collaboration with Indus Valley Capital. Download it now for a deep dive into how the ecosystem evolved this past year. tinyurl.com/datadarbar
