When Pakistan’s startup sector saw venture capital financing of almost $350 million in 2021, it demonstrated amazing progress. With Q1 financing at $143 million, 2022 got off to a strong start. Until an unexpected worldwide economic crisis drove its most valued company, Airlift, to shut down, the situation was looking brighter for the remainder of the year.
Oware Technologies has announced optimistic news from Karachi as it completes its first year with positive development, despite the fact that this event sent shockwaves of terror across the local startup sector.
Oware is a logistics tech business founded by Raza Kazmi and Adil Nisar with the mission of revolutionizing Pakistan’s supply chain and logistics sector. Its integrated solutions and services enable transparent smart fulfillment, intelligent distribution, and smart warehousing, helping companies increase their logistical flexibility and cut down on capital expenditures.
Oware, which was founded in June of last year, started off by renting a single Karachi warehouse measuring 4,500 square feet. They expanded to Lahore, Islamabad, and Multan after finding success in Pakistan’s commercial hub. As a result, they have established a network of warehouses around Pakistan in key areas, with plans for future growth.
To read our blog on “Oware, a Pakistani startup, has raised $3.3 million in pre-seed funding,” click here.
