Blog

5. Novi Connect

Total funding raised in 2022: $40 million
Founder: Kimberly Shenk
Diversity Spotlight tags: Women Founded, Women Led

Mixhalo, creator of the wireless networking technology that delivers pristine, high-quality audio in real-time to attendees at live events, has been chosen to participate in a select development program with the 5G Open Innovation Lab. Mixhalo joins 11 other multi-stage startups participating in the fifth batch of the 12-week program, getting underway this week.

Bazaar, a Pakistan-based B2B ecommerce and fintech platform, has raised US$70 million in a series B round led by Dragoneer Investment Group and Tiger Global Management.

Bazaar founders Saad Jangda and Hamza Jawaid always had weighty ambitions for their business, which is today announcing the successful completion of a $70 million Series B funding round. “We wanted to create an awesome company in Pakistan that people would want to work for,” says Jawaid. “We’d both had the privilege of a good education and spent time working abroad, and

B2B e-commerce and fintech platform, Bazaar, on Tuesday announced to have raised $70 million in Series B funding round led by Dragoneer Investment Group and Tiger Global Management. Existing investors, including Indus Valley Capital, Defy Partners, Acrew Capital, Wavemaker Partners, B&Y Venture Partners and Zayn Capital also participated in the round. Funds will be utilized to expand into more cities across Pakistan, launch new marketplace categories, scale its lending offerings and accelerate new product development.

Pakistan-based Bazaar, a B2B e-commerce and fintech platform, has raised $70 million in a Series B round led by Dragoneer Investment Group and Tiger Global Management, according to an announcement.

Bazaar, a B2B marketplace from Pakistan, has raised $70million in a Series B round led by Dragoneer Investment Group and Tiger Global Management, according to a press release issued by the company.

The latest funding comes only six months after the company announced a $30m Series A in August 2021, bringing the total funding secured to date to $107.8m across four rounds since February 2020.

Dragoneer Investment Group and Tiger Global are backing Bazaar, a startup that is attempting to digitize Pakistan’s retail with e-commerce, fintech and last-mile supply chain solutions, they said today, joining a growing list of high-profile investors making large bets in the South Asian market.

The two investors are leading Bazaar’s $70 million Series B funding. Existing backers including Indus Valley Capital, Defy Partners, Acrew Capital, Wavemaker Partners, B&Y Venture Partners and Zayn Capital also participated in the new round, which brings one-and-a-half-year-old startup’s all-time raise to over $100 million.

Pakistan’s e-commerce startup Bazaar Technologies Pvt. raised $70 million in funding led by Dragoneer Investment Group and Tiger Global Management, scoring the nation’s second-largest funding round.

It marks the first investment by Dragoneer in the world’s fifth-largest nation, which had a breakout year for startups in 2021. Pakistan companies raised more than $350 million last year, greater than the amount over the previous six years combined. Among the venture capital firms making their first-time investments in the country recently are Kleiner Perkins, FJ Labs and RTP Global.