Startups ranked by AI-estimated valuation
Pakistan’s 20 most valuable startups
A quarterly ranking of non-listed Pakistani startups that have already raised funds, established by artificial intelligence from public information. The market sets the value; AI models estimate it.
Listed benchmarks
Systems Limited · IT services and software · PSX · SYSNetSol Technologies · Leasing and finance software · PSX · NETSOLAvanceon · Industrial automation and IoT · PSX · AVNTasdeeq · Credit bureau and analytics, listed in Aug 2026 after venture funding · PSX · TISL
Not ranked: no intention is possible on a listed company.
The market at a glance
20companies ranked
9companies on the radar
USD 36.6Mraised in 2025
14rounds in 2025
Pakistani startups raised USD 36.6M of disclosed equity in 2025 across 14 deals, up from USD 22.5M in 2024 but far below the 2021-22 peak of about USD 350M a year; trackers that include debt report about USD 74M. Most of the largest companies have not raised equity since 2022, and Tasdeeq’s listing on the Pakistan Stock Exchange in August 2026 was a rare local exit. Sources: Data Darbar via Profit (2025), Startup.pk, Pakistan startup funding in 2025. Intention counters will be shown above a threshold of amount and number of Backers.
National ranking · all sectors
Snapshot25 Oct 2026A snapshot taken on 25 Oct 2026
This ranking shows the startups as they stood on 25 Oct 2026. Funding rounds, valuations and other events announced after that date are not included yet. They will be taken into account in the next edition, scheduled for 22 Nov 2026.
Spotted a more recent round? Tell us →First edition: no movements yet.
This ranking shows the startups as they stood on 25 Oct 2026. Funding rounds, valuations and other events announced after that date are not included yet. They will be taken into account in the next edition, scheduled for 22 Nov 2026.
Spotted a more recent round? Tell us →First edition: no movements yet.
| # | Company | Sub-sector | Known funding | Estimated valuation (AI) · range | Pool of InterestsInterest: a free, non-binding declaration on a company, or on a sector within an area, made during the free phase of a pool. Pool: all the Interests declared on the same target. This column shows the number of Backers and the combined amount of their tickets, to validated members only. Terms for Backers → | BackBacking a startup on Uback (pronounced “you back”) can be done in two ways: Interest · free: a non-binding declaration that signals your demand for a company or a sector. You can move or withdraw it at any time, with up to 5 at once. Intention · coming soon: a paid, confirmed declaration, still non-binding. Once its pool reaches critical mass, it is presented to a company by a partner desk. Neither is an order nor a commitment to invest. Terms for Backers → |
|---|---|---|---|---|---|---|
| 1 | Bazaar TechnologiesKarachi · founded 2020 Acquired payments company Keenu in July 2025; management targets profitability and says it is not raising. |
B2B commerce › retail supply & fintech | USD 100M+ raised Series B · USD 70M · Aug 2022 (Dragoneer Investment Group, Tiger Global; Defy Partners, Wavemaker) |
Last known equity round: Series B · USD 70M · Aug 2022 (Dragoneer Investment Group, Tiger Global; Defy Partners, Wavemaker)Method | Be the first | Back |
| 2 | DastgyrKarachi · founded 2020 Reported over 100,000 retailers at the time of its Series A. |
B2B commerce › retail marketplace | USD 28M+ raised Series A · about USD 25M of equity · May 2022 (VEON Ventures), alongside a convertible note |
Last known equity round: Series A · USD 25M · May 2022 (VEON Ventures)Method | Be the first | Back |
| 3 | AbhiKarachi · founded 2021 With TPL Corp, acquired a majority of FINCA Microfinance Bank Pakistan (SBP approval, early 2025); operates in Pakistan, UAE and Saudi Arabia. |
Fintech › earned wage access | USD 19M+ raised Series A · USD 17M · Aug 2022 (Global Ventures) |
Last known equity round: Series A · USD 17M · Aug 2022 (Global Ventures)Method | Be the first | Back |
| 4 | NayaPayKarachi · founded 2016 Holds an SBP electronic money institution (EMI) licence since 2021. |
Fintech › e-money wallet | USD 13M+ raised Seed · USD 13M · Jan 2022 (Zayn Capital, MSA Novo, Graph Ventures) |
Last known equity round: Seed · USD 13M · Jan 2022 (Zayn Capital, MSA Novo, Graph Ventures)Method | Be the first | Back |
| 5 | CreditBookKarachi · founded 2020 Bookkeeping app for small merchants. |
Fintech › SME bookkeeping & payments | USD 11M+ raised Pre-Series A · USD 11M · Jan 2022 |
Last known equity round: Pre-Series A · USD 11M · Jan 2022Method | Be the first | Back |
| 6 | BykeaKarachi · founded 2016 Two-wheeler ride-hailing and logistics app, founder-led by Muneeb Maayr. |
Mobility › ride-hailing & delivery | USD 28M+ raised Growth round · USD 10M · Jun 2022 (Prosus Ventures, MEVP, Sarmayacar) |
Last known equity round: Funding round · USD 10M · Jun 2022 (Prosus Ventures, MEVP, Sarmayacar)Method | Be the first | Back |
| 7 | BookmeLahore · founded 2014 Planned expansion to Myanmar at the time of its Series A. |
Travel › online ticketing | USD 7.5M+ raised Series A · USD 7.5M · Dec 2021 |
Last known equity round: Series A · USD 7.5M · Dec 2021Method | Be the first | Back |
| 8 | PostExLahore · founded 2020 Expanding to GCC markets; founded by Muhammad Omer Khan. |
Logistics › e-commerce delivery & merchant finance | USD 15M+ raised Pre-Series A · USD 7.3M · Aug 2024 (Conjunction Capital; Dash Ventures, Sanabil500, VentureSouq, FJ Labs) |
Last known equity round: Pre-Series A · USD 7.3M · Aug 2024 (Conjunction Capital; Dash Ventures, Sanabil500, VentureSouq, FJ Labs)Method | Be the first | Back |
| 9 | Krave MartKarachi · founded 2021 Y Combinator company; Bloomberg reported it was nearing profitability in late 2023. |
E-commerce › quick-commerce grocery | USD 6M+ raised Seed · USD 6.2M · Nov 2023 (Y Combinator, Zayn Capital, JAM Fund, Rebel Fund) |
Last known equity round: Seed · USD 6.2M · Nov 2023 (Y Combinator, Zayn Capital, JAM Fund, Rebel Fund)Method | Be the first | Back |
| 10 | MedIQKarachi · founded 2020 Operating in Saudi Arabia since 2023; female-founded (Dr. Saira Siddique). |
Healthtech › telehealth for insurers | USD 6M+ raised Series A · USD 6M · May 2025 (Rasmal Ventures, Joa Capital) |
Last known equity round: Series A · USD 6M · May 2025 (Rasmal Ventures, Joa Capital)Method | Be the first | Back |
| 11 | HaballKarachi · founded 2021 Plans expansion to Saudi Arabia; Meezan Bank is a financing partner. |
Fintech › B2B payments & supply chain finance | raised Pre-Series A · USD 5M of equity · Apr 2025 (Zayn VC), alongside USD 47M of financing from Meezan Bank |
Last known equity round: Pre-Series A · USD 5M · Apr 2025 (Zayn VC)Method | Be the first | Back |
| 12 | Uplift AI · founded 2024 B2B customers include Khan Academy and Syngenta. |
AI › speech models | USD 3.6M+ raised Seed · USD 3.5M · Jan 2026 (Y Combinator, Indus Valley Capital; Pioneer Fund, Conjunction) |
Last known equity round: Seed · USD 3.5M · Jan 2026 (Y Combinator, Indus Valley Capital; Pioneer Fund, Conjunction)Method | Be the first | Back |
| 13 | HealthwireLahore · founded 2015 Pre-Series A of USD 700k from 47 Ventures in Oct 2020. |
Healthtech › appointment booking | USD 4M raised Series A · USD 3.3M · Dec 2021 (47 Ventures; Habib Bank Limited, Dilsons) |
Last known equity round: Series A · USD 3.3M · Dec 2021 (47 Ventures; Habib Bank Limited, Dilsons)Method | Be the first | Back |
| 14 | RiderKarachi · founded 2020 Y Combinator W22 company led by former UPS Pakistan executive Salman Allana. |
Logistics › last-mile delivery | USD 5.4M raised Seed with extension · USD 3.1M · Jun 2022 (Y Combinator, i2i Ventures, Flexport, Soma Capital; Global Founders Capital, Fatima Gobi Ventures, TPL E-Ventures) |
Last known equity round: Seed with extension · USD 3.1M · Jun 2022 (Y Combinator, i2i Ventures, Flexport, Soma Capital; Global Founders Capital, Fatima Gobi Ventures, TPL E-Ventures)Method | Be the first | Back |
| 15 | MaqsadKarachi · founded 2019 MDCAT, ECAT and O-level preparation app; site still active in 2026 (MDCAT 2026 pages). |
Edtech › tutoring app | USD 4.9M raised Seed · USD 2.8M · Mar 2023 (Speedinvest; Indus Valley Capital, Alter Global) |
Last known equity round: Seed · USD 2.8M · Mar 2023 (Speedinvest; Indus Valley Capital, Alter Global)Method | Be the first | Back |
| 16 | Sehat KahaniKarachi · founded 2017 Pre-Series A of USD 1M in March 2021. |
Healthtech › telemedicine | USD 3.7M+ raised Series A · USD 2.7M · Dec 2023 (Amaanah Circle; Epic Angels, Cross Fund, Augmentor) |
Last known equity round: Series A · USD 2.7M · Dec 2023 (Amaanah Circle; Epic Angels, Cross Fund, Augmentor)Method | Be the first | Back |
| 17 | NeemKarachi · founded 2021 Serves 50+ B2B clients; USD 4M credit line (2024) for earned wage access is debt. |
Fintech › embedded finance & payments infrastructure | USD 2.5M+ raised Seed · USD 2.5M · Sep 2022 (SparkLabs Ventures, Outrun Ventures, Arif Habib, MyAsiaVC) |
Last known equity round: Seed · USD 2.5M · Sep 2022 (SparkLabs Ventures, Outrun Ventures, Arif Habib, MyAsiaVC)Method | Be the first | Back |
| 18 | MarkazKarachi · founded 2020 Y Combinator company. |
E-commerce › social commerce | USD 2.4M raised Seed · USD 2.4M · May 2022 (Y Combinator) |
Last known equity round: Seed · USD 2.4M · May 2022 (Y Combinator)Method | Be the first | Back |
| 19 | TaleemabadIslamabad · founded 2017 | Edtech › K-12 learning | USD 2.3M+ raised Seed · USD 2.3M · Sep 2023 (Sorenson Capital, Malala Fund; 100x Impact) |
Last known equity round: Seed · USD 2.3M · Sep 2023 (Sorenson Capital, Malala Fund; 100x Impact)Method | Be the first | Back |
| 20 | ZarayeKarachi · founded 2021 Serves textile and plastics manufacturers. |
B2B commerce › raw materials procurement | USD 2.1M raised Pre-seed · USD 2.1M · Apr 2022 (Tiger Global) |
Last known equity round: Pre-seed · USD 2.1M · Apr 2022 (Tiger Global)Method | Be the first | Back |
Back · Backing on Uback (pronounced “you back”) means declaring an Interest (free) or an Intention (coming soon). Backing does not mean that this company is raising funds or that a shareholder is selling shares, and it is not a commitment to invest. Any deal, through a funding round or a sale by an existing shareholder, is handled by a partner desk: the Fundraising Desk of the country for a round, the Secondary Sales Desk assigned to the company for a sale. · Terms
Ranking in descending order of AI-estimated valuation, based on public information, with no human intervention on the order. The valuations, ranges and brackets shown are editorial estimates produced by AI, purely indicative and imperfect by nature: neither a financial valuation, nor an offer, nor investment advice. Only the market sets a company’s value, through a funding round or a sale. Ranking established by Claude (Anthropic) from public information, following the published rules. A consensus of several AIs will apply from 1 December 2026. Eligibility: at least $1M raised in equity, non-listed company, main operations in Pakistan. Request a correction
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How to read this ranking
Rank
Companies are ranked by AI-estimated valuation, highest first. The market sets the value; AI models estimate it.
Estimate
An AI-estimated valuation, its uncertainty range and its order of magnitude. Indicative, and imperfect by nature.
- Hundreds of k$
- Millions $
- Tens of M$
- Hundreds of M$
- Unicorn
- Decacorn
- Hectocorn
Rankings by sector
Four verticals at launch, more when the feasibility test allows.Coming soon · Top 10
Commerce & logistics
B2B retail marketplaces, delivery, parcel logistics and ticketing.
Coming soon · Top 10
Fintech
Earned wage access, digital wallets, bookkeeping for shops and supply-chain finance.
Coming soon · Top 10
Health, education & AI
Medical supplies, telemedicine, exam preparation and voice AI.
Software & AIAgritechClimateHR techMedia
The Uback Fundraising Desk in Pakistan
Introductions made by a Fundraising Desk partner, currently being selected
An adviser licensed by the SECP (Securities and Exchange Commission of Pakistan), the only party entitled to present Backers’ demand to companies for their funding rounds. Sales of existing shares are handled by Secondary Sales Desks, assigned company by company. Uback remains a media: it ranks and aggregates intentions, it takes part in no transaction.
—deals worked on
—deals closed
—average response time
Capital raising advisers
Become Uback’s Fundraising Desk partner in Pakistan
- Foreign investors you would not find on your own
- Your name on every ranking of the country
- Backers’ demand on each company, before its round opens
- The “Uback Fundraising Partner in Pakistan” title on your profiles
Radar · known eligible companies, not ranked
Sorted by date of last round, with no judgement and no AI call. Undisclosed amount: the round is confirmed by the press, not its amount.
- Paismo · HR tech › HR and payroll softwareSeed · USD 1.3M · Aug 2023 (Indus Valley Capital; Antler, Jedar Capital)Back
- Remotebase · HR tech › remote developer hiringPre-Series A · USD 2.1M · Oct 2022 (Indus Valley Capital, Hustle Fund; Soma Capital)Back
- Farmdar · Agritech › satellite crop intelligenceSeed · USD 1.3M · Jun 2022 (Indus Valley Capital)Back
- Truck It In · Logistics › digital truckingSeed · USD 13M · Mar 2022 (amount not confirmed)Back
- Oladoc · Healthtech › appointment bookingSeed · USD 1.8M · Jan 2022 (Sarmayacar; Doha Tech Angels)Back
- QisstPay · Fintech › buy now pay laterFunding round · USD 15M · Sep 2021, partly lending capital (equity share not disclosed)Back
- Marham · Healthtech › appointment bookingSeed · USD 1M · Aug 2021 (Indus Valley Capital)Back
- Dawaai · Healthtech › online pharmacySeries A · USD 8.5M of equity and debt · Jun 2021 (500 Startups; Sarmayacar)Back
- Sastaticket · Travel › online travel agencySeries A · USD 1.5M · Nov 2018 (Gobi Partners)Back
Born in Pakistan, based elsewhere
Companies of Pakistani origin whose main operations are now abroad: not ranked, shown with the law governing their shares.
Not ranked
- SadaPay · Bought by Papara in 2024
- TAG · Regulatory approvals revoked in 2022
- Finja · Operations sold to OPay; left Pakistan in 2024
- Trax · Bought by Secure Logistics in 2025
- Jugnu · Shut its core operations in 2023
- Airlift · Closed in 2022
- KTrade · Created by the KASB group
- Keenu · Bought by Bazaar Technologies in 2025
- Fasset · Founded and based in Dubai
The method in Pakistan
Calendar. Quarterly ranking, published on the 22nd of February, May, August and November. Next edition: November 22, 2026.
Eligibility: at least $1M raised in equity, non-listed company, main operations in Pakistan.
Fundraising Desk sought. An adviser licensed by the SECP (Securities and Exchange Commission of Pakistan).
Sources. Pakistani and international business and technology press (Dawn, Business Recorder, ProPakistani, TechJuice, Profit, Data Darbar, Tech in Asia, DealStreetAsia, TechCrunch, Bloomberg, Reuters), company and investor announcements.