Startup funding drops 46.2pc to $55.4m

KARACHI: Pakistani start-ups raised a total of $55.4 million in 18 deals in the July-September quarter, down 46.2 per cent from the preceding quarter when the flows amounted to $102.9m.

Statistics compiled by Data Darbar, a website that tracks investment flows into the country’s tech ecosystem, shows the average ticket size remained $4.6m in July-September versus $4.9m a quarter ago.

“Besides a global slowdown in start-up investments amid uncertain macros and a change in monetary stance...