Monday, March 27th, 2023

Why Google wants to invest in Pakistan, the big reason revealed

Photo:India TV Why Google wants to invest in Pakistan

in Pakistan Startups has raised $350 million in funding in 2021, which Indian Startup A small amount compared to the ecosystem, but five times the amount raised in 2020. Google said that it Startup Founders Will nurture this next wave of startups with the ‘Google for Startups Accelerator’ (South East Asia and Pakistan), especially those focused on e-commerce, finance, healthcare, SME-centric B2B solutions, education, agriculture and logistics Huh.

Google looking for 10 to 15 startups

Google is looking for 10 to 15 startups based in Indonesia, Malaysia, Pakistan, Philippines, Singapore, Thailand or Vietnam that are in the seed or Series A stage. The accelerator will provide these startups with the most cutting-edge technology to help them on their journey by providing a network of Google mentors, new contacts, and more.

Startups on the rise in Pakistan

Interested startups will be encouraged to apply by 7 October. There are over 3,700 startups in Pakistan such as Dealkart, dBank, Tag, Bazaar and Firefly among others. Over the past few years, startups across Southeast Asia and Pakistan have been growing steadily and facing the most pressing challenges of the regions. From agriculture to healthcare, these startups are creating digital solutions to tackle their areas of focus.

In Southeast Asia alone, 80 million new users have come online since March 2020, fueling activity for startups developing digital products and services across various industries. “We have seen growth reach new heights in both Southeast Asia and Pakistan,” Google said.

Average age in Pakistan is only 22 years

One reason behind this boom is that both Pakistan and Southeast Asia have a thriving youth population. More than half of Southeast Asia’s population is under the age of 30. The average age in Pakistan too is just 22 years. “These young people are tech-savvy, interested in entrepreneurship and in tune with global trends,” the company said.

Government-run initiatives such as Thailand 4.0, 1,000 Startups from Indonesia, Startup SG Founders from Singapore, as well as Pakistan’s Prime Minister’s Youth Program, will continue to help aspiring founders get their startups off the ground.

Latest Business News

Source link

Vistara Airlines: Vistara Airlines will be closed in India! Know why Tata Sons is taking such a big step

Photo: File Vistara Airlines There is going to be a big stir in the Indian aviation market once again. The giant company Tata (Tata Group), which is operating 4 big companies of the Indian...

Car Sales: Vehicle sales estimated to reach a record high of about 40 lakh units this year

Photo:PTI Maruti Highlights Passenger vehicle wholesale sales up 21 per cent year-on-year in August 2022 MSI has orders for about 4.18 lakh units of passenger vehicles Orders were received for 32,29,672 units in 2017...

Indian Economy: These 5 big villains are standing in front of the Indian economy, don’t make India’s situation like Sri Lanka or Pakistan!

Photo:FILE Indian Economy Highlights If the costly crude oil is making a dent in the treasury, the fall of the rupee is getting rid of the sweat of the government. All the problems are...