Two Pakistani startups, DealCart and NayaPay, have earned spots on Forbes’ prestigious ‘Asia 100 to Watch 2024’ list. According to Forbes, Karachi-based DealCart operates an online grocery platform tailored to the country’s expanding middle class. Meanwhile, NayaPay, a fintech startup, offers a payments processing platform designed to digitalize transactions between consumers and businesses.
DealCart, which raised $4.5 million in pre-seed funding, allows customers to order fresh produce, snacks, detergents, and other daily necessities. Additionally, small grocery stores can use DealCart to reach a broader customer base. The startup recently raised $3 million in seed funding, co-led by Abu Dhabi’s Shorooq Partners and London-based Sturgeon Capital.
NayaPay offers an app that supports e-wallets, virtual debit cards, and online payments. For businesses, the fintech company provides point-of-sale devices for in-store transactions. NayaPay secured $13 million in 2022 in one of South Asia’s largest seed rounds, led by Zayn Capital, MSA Novo, and Graph Ventures.
NayaPay expressed excitement over its inclusion in the Forbes list, stating that the recognition places it among the most innovative companies across 16 regions globally.
Earlier this year, seven Pakistanis were featured on Forbes’ 30 Under 30 list for Asia, and two Pakistani businesswomen were named in Forbes’ ‘100 Most Powerful Businesswomen 2024’ list in March.
