Startups · Business

The Best Pakistani Startups in 2026

System Admin9 min read
The Best Pakistani Startups in 2026
Meet the top Pakistani startups of 2026: Bazaar, PostEx, Haball, MedIQ and more. What they do, how much they’ve raised, and how they’re growing.

The Best Pakistani Startups in 2026: What They Do and How They’re Growing

Pakistan’s startup scene has been through a rollercoaster. Founders raised record sums in 2021, watched money dry up in 2022 and 2023, and are now building more carefully, with a sharper focus on revenue. This guide profiles eight startups worth knowing, explains what each one actually does, and shows how they’re growing. It ends with the patterns the survivors share, which are useful for any founder.

The State of Pakistan’s Startup Scene

Funding is recovering, but not evenly, and the numbers depend on who’s counting. Invest2Innovate reported that Pakistani startups raised over $74 million in 2025 across 11 disclosed deals, up 121% from $33.5 million in 2024. But most of that was not pure equity: hybrid deals made up roughly $66 million of the $74.2 million total. Data Darbar, counting only equity, reported about $36.6 million across 10 rounds, up from $22.5 million a year earlier, with fewer deals overall. The takeaway: money is coming back for companies with revenue, while the number of deals stays low.

Over the longer view, startups in Pakistan have attracted over $1 billion in funding since 2015. Fintech has led the way, and healthtech has been the second strongest sector. Female-led startups raised $8.8 million in disclosed equity in 2025, nearly a quarter of the total

At a Glance

Bazaar Technologies: 
B2B commerce + fintech        Connects retailers to suppliers; owns Keenu payments                               Roughly $100M+ raised

PostEx:

Logistics + fintech                  Pays e-commerce sellers upfront for cash-on-delivery orders                    650+ cities after an acquisition

Haball: 

B2B fintech                              Digital B2B payments, invoicing, supply chain finance                                  $52M pre-Series A

MedIQ:
Healthtech                               Digital health platform for insurers and corporates                                         $6M Series A, Saudi expansion

Qist Bazaar:
Fintech (BNPL)                        Installment buying for the underbanked                                                          $3.2M Series A

Trukkr:
Freight tech                             Digitizes trucking and fleet finance                                                                  ~$10M equity and debt

Shadiyana:
Wedding tech                          Wedding planning app and vendor marketplace                                              $800K pre-seed

Jams:
Generative AI                          AI video experiences; founders joined OpenAI                                                 Exit for Indus Valley Capital

1: Bazaar Technologies: Digitizing the Corner Shop

What it does. Bazaar is a Karachi-based B2B e-commerce platform that lets small retailers source inventory from manufacturers and wholesalers through a mobile app. It also grew into financial services. It was founded in 2020, and by the end of that year it had passed 10,000 Karachi retailers, against an initial target of 800.

How it’s growing. Funding came fast: a $1.3 million pre-seed in 2020, a $6.5 million seed in January 2021, a $30 million Series A that August, and a $70 million Series B in March 2022. In 2025, it bought the payments company Keenu, which gives it merchant coverage in over 150 cities, plus mobile wallets and point-of-sale services. Bloomberg-reported guidance said the company expects to reach profitability in the coming quarters.

Why it matters. Bazaar is Pakistan’s best-funded startup, and it’s betting that commerce and payments work better together.

2. PostEx: Solving Cash on Delivery

What it does. Most online orders in Pakistan are paid in cash on delivery, which leaves sellers waiting weeks for their money. PostEx pays merchants upfront on COD orders and pairs that with its own logistics fleet.

How it’s growing. After a seed round that closed at $8.6 million in 2021, PostEx acquired a rival, Call Courier, in August 2022, which took it from three key markets to over 650 cities. In 2024 it raised $7.3 million to expand, starting with Saudi Arabia, and reported non-performing loans below 0.03%. 

Why it matters. By lending only to merchants who use its delivery network, it keeps risk low and data rich.


3. Haball: The Payments Rails for B2B

What it does. Haball, founded in 2017, digitizes how businesses pay each other. It has three revenue streams: payments aggregation, digital invoicing, and supply chain financing, which lets SMEs get early payment on approved invoices. 
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How it’s growing. It raised a $52 million round in 2025, made up of $5 million in equity and $47 million in debt financing. The company says it has processed over $3 billion in payments and disbursed over $110 million in financing. It serves nearly 8,000 SMEs, plus multinationals such as Coca-Cola, and it was the first Pakistani fintech to get an FBR license for digital invoicing. It is now expanding into the Gulf, starting with Saudi Arabia. 
haball completes 52 million equity and debt raise inside the pakistani fintech companys model and ambitions
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Why it matters. Haball avoids risky lending on its own books. It partners with regulated banks like Meezan Bank to provide the financing, which gives it access to deep liquidity without taking the credit risk.

4. MedIQ: Healthcare That Travels

What it does. Founded in Islamabad in 2020 by Dr. Saira Siddique, MedIQ is an AI-powered health platform offering cashless OPD and IPD services, claims management, and digital health tools for insurers, telcos, and banks. 

How it’s growing. It raised a $6 million Series A led by Rasmal Ventures and Joa Capital, bringing total funding to $9.8 million, with about 180 people across Islamabad and Riyadh. It entered Saudi Arabia in 2023 and is operating in Pakistan, Saudi Arabia, the UAE, and Canada. The company says it was EBITDA positive before expanding to Saudi Arabia. 

Why it matters. A Pakistan-built health platform is scaling in the Gulf, which is where much of the region’s capital sits.

5. Qist Bazaar: Installments for the Underbanked

What it does. Founded in 2021 in Karachi, Qist Bazaar is a buy-now-pay-later platform that lets people buy electronics, phones, home appliances, and even motorbikes on installments. Its customers include domestic workers, rickshaw drivers, students, and micro-entrepreneurs. 
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How it’s growing. It’s licensed by the SECP as an NBFC, and in three years it had disbursed over 55,000 product loans worth $12 million. It then raised a $3.2 million Series A in September 2024, with investors including Indus Valley Capital and Gobi Partners, plus bank debt financing. 
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Why it matters. It serves a huge group that traditional credit ignores.

6. Trukkr: Digitizing Pakistan’s Trucks

What it does. Trukkr is a Karachi logistics and fintech company, founded in 2019, that offers fleet management, trip coordination, invoicing, and lending for a fragmented trucking industry. It reports serving over 20,000 drivers and 100+ enterprise clients in a logistics market estimated at $35 billion or more. 

How it’s growing. In 2025 it raised close to $10 million in equity and debt, with Yango Ventures taking part. It’s known for building quietly and scaling steadily, rather than chasing headlines. 

Why it matters. It adds finance to operations: truckers get working capital in the same place they find loads.

7. Shadiyana: A Tech Layer for Pakistan’s Weddings

What it does. Shadiyana is an Islamabad-based wedding startup whose app lets couples discover and compare vendors, book services, and manage wedding tasks in one place. The company says it has more than 500,000 users, 600+ registered vendors, and 30,000 weddings planned. 

How it’s growing. It raised $800,000 in pre-seed funding from Indus Valley Capital, targeting a wedding industry valued at around Rs900 billion, and is expanding beyond Islamabad into Lahore and Karachi. 

Why it matters. It shows that even traditional, offline industries can be organized with software.

8. Jams: A Global Exit From Pakistan

What it does. Jams was a generative AI startup founded by two former Meta engineers, building authentic video experiences with AI. 

How it grew. In late 2025 its founders joined OpenAI in a deal widely reported as an acquisition, which marked Indus Valley Capital’s first exit. The deal terms were not disclosed. 

Why it matters. It proves that Pakistani-founded teams can build globally relevant AI products.

Also Worth Watching

  • Sehat Kahani: a women-founded health tech startup that raised $2.7 million in Series A in late 2023. 
  • Maqsad: a Karachi exam-prep app for MDCAT, ECAT, and O-level students, founded in 2019. 
  • Daraz, PriceOye, Dawaai, and Sastaticket: examples of sectors where Pakistani users already pay.

What These Startups Have in Common

  1. They solve one clear, painful problem. Cash on delivery, supply chain payments, access to credit, and fragmented trucking are all concrete problems.
  2. Many are B2B. Selling to businesses gives clearer revenue than chasing consumers.
  3. Finance is built in. Haball, PostEx, Trukkr, and Qist Bazaar all pair a core service with lending or payments.
  4. They partner with regulated institutions. Haball works with banks instead of lending on its own balance sheet.
  5. Consolidation is a growth tool. Bazaar bought Keenu and PostEx bought Call Courier.
  6. The Gulf is the next market. Haball, PostEx, and MedIQ are all expanding toward Saudi Arabia.
  7. Profit matters. Bazaar says it is aiming for profitability, and MedIQ says it was EBITDA positive before going abroad.

A Cautionary Tale: Airlift

Airlift shows what happens when growth outruns funding. It raised $85 million in August 2021, the largest startup round in Pakistan’s history, and shut down in July 2022, blaming the global recession, a downturn in venture capital, and a failed funding round. It started with vans and small buses, then pivoted to quick commerce. The lesson isn’t that big rounds are bad, but that hyper-growth models need constant fresh capital, and that margins matter more when money gets tight.

What This Means for New Founders

  • Start with a real, painful problem, not a trend.
  • Show revenue early. Investors are backing fewer, more resilient companies.
  • Think about debt and partnerships, not only equity.
  • Look at the Gulf as a market for Pakistani-built products.
  • Plan for the downturn, and keep your costs under control.

Frequently Asked Questions

How much did Pakistani startups raise in 2025?
It depends on the report: about $36.6 million in equity (Data Darbar) or $74.2 million including hybrid and debt deals (Invest2Innovate).

Which sectors are strongest?
Fintech leads, with healthtech second, and B2B commerce and logistics rising.

Which Pakistani startup has raised the most?
Bazaar Technologies is widely described as the best-funded, with roughly $100 million or more raised.

Was there a major exit recently?
Jams joining OpenAI was reported as Indus Valley Capital’s first exit, and Tasdeeq listed on the Pakistan Stock Exchange in August 2026, a rare local exit. 
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Is it still a good time to start a startup in Pakistan?
Funding is more selective, so focus on a real problem, early revenue, and lean operations.

Building Something in Pakistan?
Manzil Drive is a startup too: a car rental marketplace with 414+ listings from 60+ registered rental providers, connecting renters with local owners across Pakistan. If you own a car or run a rental business, list your vehicles and reach customers searching in your city.
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