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$1 4m raised from Silicon Valley investors - Newspaper
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Indus Valley Capital brings Silicon Valley to Pakistan via $17 5M debut fund
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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digi
Indus Valley Capital Raises $17.5 million to Invest in Pakistani Startups
Pakistan-focused venture capitalist, Indus Valley Capital (IVC) has raised $17.5 million for its maiden fund, MENAbytes reported.
Indus Valley Capital, founded and led by a former LinkedIn executive, Aatif Awan, in early 2019, had a target size of $15 million. It was oversubscribed with over 75 individual investors from all around the world, and with its final close, the company has become the largest closed fund focused on Pakistan, the news report added.
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The investors in this debut fund include Co-founder Reddit, Alexis Ohanian, along with founders, executives, and operators from leading technology companies, including Facebook, Google, Stripe, Coinbase, Uber, Careem, InstaCart, LinkedIn, Reddit, Dropbox, Atlassian, WebFlow, Zillow and Oracle.
Editor’s take: The week that was Feb 1-6 Premium
As I highlight the significant developments that unfolded last week, it’s worth a mention how all eyes have been on the frontier market of Myanmar with the military abruptly seizing power in the Southeast Asian nation and declaring a national state of emergency for a year. Our reporters have been tracking the development and the impact on global investors who were just beginning to show interest in the country.
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