Even 10+ years after founding and the biggest market share, there is no sign of profitability for Daraz.

In FY23, the group posted net loss of $144M ($161M on adjusted basis) - more than what it managed to earn in revenues.

Read more in Data Darbar:
insights.datadarbar.io/what-lies-insi…

Six years after getting acquired by Alibaba Group, Daraz remains deep in losses. And now, even the growth has vanished.

In FY23, the group revenues fell by over 18%, breaking away the 55% increase in each of the preceding 2 years. Read more:
insights.datadarbar.io/what-lies-insi…

Okay so our har Dil Aziz PSO is officially a fintech now

Two days back, Pakistan State Oil-owned Cerisma quietly got its in-principle approval from SBP to operate a digital wallet, making it the 13th entity till date to get some sort of EMI license.

Read details in this exclusive:
insights.datadarbar.io/pso-owned-ceri…

In just 2.5 years of its launch, Raast has reached a sizable scale and processed 301.9M transactions worth PKR 6.3T in 2023.

However, almost all the activity is led by P2P where rerouting of IBFT has traditionally helped. Read the Payment Systems Update:
insights.datadarbar.io/pakistan-digit…

For all the bad rap VC gets, it's realistically the only form of capital available in Pakistan. Just compare venture funding vs money via IPO in the last five years.

Check more charts in Data Darbar and Indus Valley Capital Tech & VC Landscape report:
insights.datadarbar.io/tech-vc-landsc…

Our Tech and VC Landscape report for Pakistan is finally out. Supported by Indus Valley Capital, this 87-pager report has everything from historical funding data to a section on alternative data looking at the growth of Digital Pakistan.

Download now: insights.datadarbar.io/tech-vc-landsc…

With Muhammad Aurangzeb now leading the finance ministry, we look at his claim of HBL being a 'tech company with a banking license' and map its digital footprint in 2023.

PS: the trends look too neat to be real.

Read more in Data Darbar:

insights.datadarbar.io/unpacking-the-…

Calling all young data enthusiasts aged 14-22. Join us for our data journalism workshop supported by U.S. Embassy Islamabad & Pakistan-U.S. Alumni Network.

Don't miss this FREE training on Feb 23, 2-6 PM.

Register now: bit.ly/RegistrationFo…

the best thing about knowing the smartest people is that they do the fun stuff w/ you. doing this workshop with Data Darbar founders Mutaher Khan and Natasha Uderani. thanks Pakistan-U.S. Alumni Network and U.S. Embassy Islamabad for your support!

Register here: bit.ly/RegistrationFo…

We at @DataDarbar are looking for a (junior) financial analyst based out of Karachi. Apply if you enjoy

➡Performing data analysis on industries/companies
➡Building models and running correlations/regressions
➡Writing articles and reports

For 6+ years, I have been hearing how Pakistan's actual ICT exports are far more than the reported figure. But how much exactly?

We tried to estimate it using a simple here and built a calculator where you can plug your own values. Read (and play) here
insights.datadarbar.io/estimating-pak…

Great things happen when you install level-headed, self-less, diligent professionals with no political aspirations to solve the problems created by decades of self-perpetuating cronyism.

Bravo Shamshad Akhtar, may your short stint set the benchmark for others to follow.

Time to review the main funding trends for 2023:

➡ $75.6M raised across 37 deals

➡ E-commerce dominated with ~$24M while fintech led by deal count

➡ Seed staged amassed $46M across 21 deals

We'll publish a detailed report soon so stay tuned. insights.datadarbar.io/pakistan-start…

Pakistani startups raised $75.6M across 37 deals in 2023, down from $332.4M and 71 last year.

Look at the key trends here:

insights.datadarbar.io/pakistan-start…

While fans from both sides of the border alternated between cursing & crying, streaming platforms made bank during the ICC Cricket World Cup. Read more on how OTT platforms like Disney+ Hotstar, Tamasha, myco and more cashed in on the cricket craze.
tinyurl.com/7z8fxc2v