Pakistani startups rake in millions of dollars.

KARACHI -- Pakistani tech startups have raked in millions of dollars from local and foreign investors as a number of deals were announced over the weekend.

Around half a dozen startups disclosed their investment rounds at 021Disrupt, a major tech and entrepreneurship conference.

This year marks the watershed moment for Pakistani startups, especially in terms of funding, claimed major investors and entrepreneurs at a two-day tech conference in Karachi.

On the sidelines of the event, Airlift - a smart bus service operating in major Pakistani cities - announced its Series A investment at a massive $12 million, the largest in the country at this stage. The round was led by a major US-based venture capital firm, First Round Capital that has/had stakes/exits in the likes of 9GAG and Uber, with particpation from Fatima Gobi Ventures and Indus Valley Capital.

Within the same industry, the Egyptian headquartered Swvl shared its plans of investing $25m in Pakistan over a period of two years to help solve commutation issues and create 10,000 jobs. The startup already has designated Karachi as one of its engineering hubs.

Tellotalk - a home-grown messaging app - also made public the news of its seed funding by a consortium of investors including SparkLabs, ALM Holdings, Cocoon Ignite Ventures and One Capital as foreign partners, and TPL and i2i Ventures among local ones. The money is to be deployed for marketing and advertising, infrastructure expansion and product development. The list doesn't end here as PriceOye - an e-commerce...