Building Successful Agritech Startups In Pakistan
Join us for a virtual session on a very interesting topic "Building Successful Agritech Startups In Pakistan" . The speakers of this session are the founders of Jiye Technologies which is an AgriTech Startups currently raised raises $2.5 M Pre-SEED.
Pakistan-based agri-supply chain platform, Jiye Technologies has raised $2.5 M in its pre-seed funding round. The round saw participation from Sarmayacar represented by Rabeel Warraich, Access Bridge Ventures represented by Issa Aghabi, Jabbar Internet Group represented by Samih Toukan, EquiTie represented by Ahmed El Hamawy, and Seedstars represented by Charlie Graham-Brown with further involvement from a strategic angel network hailing from MENAP, Europe & North America.
Founded by Ali Amin (Ex-Careem & Swvl), Osama Salman (Ex Unilever & Swvl ), and Ahmed Bilal Afzal (10 Years + supply chain experience) Jiye is set out to revolutionize the agri-supply chain in a country. The founders bring strategic backgrounds of conventional Agri trade, supply chain & early-stage startup scaling to form the formidable trio. Jiye technologies aims to revolutionize the agri-sector in Pakistan by giving farmers easier access to major markets and convenient sourcing to retailers through lean supply chain ecosystems.
This investment, along with Pre-Seed rounds by AgriTechs EasyFresh Technologies and Agriculture Republic, finally puts the Pakistani Agriculture sector on the map. With vast lands and immense untapped opportunity, possible through Tech and digitization, the Pakistani Agriculture sector is yet another uncharted territory for the VC world to explore. The Agriculture sector in MENA was one of the hotspots for investors looking to back impact-driven startups, where AgriTechs based in MENA closed 6% of all impact-investment deals in MENA between 2016 and Q3 2021. There have been some interesting breakthroughs in the Agriculture industry across MENA this year marked by growth in funding. Mostly concentrated between the UAE and KSA, 8 Agriculture startups raised 10 funding rounds across MENA in 2021 YTD. Two rounds by KSA-based Red Sea Farms, designing ingenuous Tech to tackle sustainable farming, drove the 4,100% YoY funding growth of the Agriculture sector in KSA, while this marks the 4th transaction closed by a UAE-based AgriTech by November 2021. In Turkey, the Agricultural sector has been observing a 3-year consecutive growth in funding, to grow capital deployed in the industry by more than 3,400% since 2018. Turkey’s AgriTech funding rounds in 2021 exceeded $15M with the latest investment in AgriTech Tarfin, along with sizable rounds closed by two Tech-enabled smart farming startups Plant Factory and Hextech Green Makine, as well as one other finance-focused AgriTech AgrioFinans.
About Ejad Labs
Ejad Labs is a digital accelerator leading the movement to promote Pakistani technology by organizing the country’s largest tech exchange programs to Silicon Valley, North America & Europe and curating the flagship Pakistan Tech Summit and Startup Grind Pakistan Conference along with other activities