Pakistan-based VC fund i2i Ventures launches with first investment in Mauqa Online

i2i Ventures

Kalsoom Lakhani, Partner at i2i Ventures

Early-stage venture capital fund i2i Ventures has launched a $15 million fund and will be investing in Pakistan-based Mauqa Online, an on-demand domestic services startup.

i2i Ventures is a founder-friendly $15m seed capital fund, focused on early-stage enterprises in Pakistan.

“We have seen many startups in this market struggle with scale as they haven’t had the right partners and investors at the outset. We are committed to investing in Pakistani tech entrepreneurs at the seed level and supporting them as they grow their business and raise funding for post-seed and Series A rounds,” said Misbah Naqvi, the co-founder and Managing Partner of i2i Ventures, according to a report in startup news outlet MENAbytes.

Kalsoom Lakhani, the co-founder and Partner of i2i Ventures, commenting on the launch, said, “As the 5th largest market in the world, with a young population, a rising consumer class and increasing smartphone penetration, Pakistan presents tremendous investment opportunities.”

The fund is backed by Invest2Innovate, a startup accelerator that has been functioning in Pakistan since 2011, to support early-stage social enterprises.

Kalsoom said the fund will make $50,000 to $75,000 investments at accelerator level in top one to two companies that graduate from Invest2Innovate’s program, $100,000 to $200,000 in the seed-stage companies, and between $400,000 to 1 million in the growth stage companies, the MENAbytes report added.

Mauqa Online provides on-demand house cleaning, babysitting, cooking and elderly care services from trained and verified helpers, according to its website.

“…fortunate to have had Kalsoom as a mentor and we’re excited to have the financial support of a value-driven fund like i2i Ventures, which will help us scale our business across Pakistan and engage additional partners,” said Suniya Saadulah Khan, co-founder of Mauqa Online.

Related Posts