That’s when Awan, 41, saw the possibilities in Pakistan’s startup space. He moved back in February last year and started his early-stage venture capital fund, Indus Valley Capital. Two thirds of the 200 million population are under 30, most shopping is still done in cash and relatively few people have a bank account. Defy Partners Management LLC, Singapore’s Wavemaker Partners LLC and UAE’s Zayn Capital Ltd. are also on the list of investors. For now though, there’s a lot of venture capital funding to be scooped up.

Source: The Nation November 18, 2021 01:02 UTC