February 12, 2026
The Rapid Rise of Pakistan Tech
New Frontier ecosystems are emerging all over the world. Unicorns can now come from anywhere. Pakistan tech unpacked in data, in collaboration with InDrive.
Key findings
- New Frontier ecosystems outside the traditional hubs took 11% of global venture capital in 2020-2025, up from under 4% in 2005-2010.
- Pakistan's VC-backed startups reached a combined enterprise value of $4.5B in 2025, up 3.6x since 2020.
- Pakistani startups launched since 2015 grew their combined value 11.3x from 2020 to 2025, ahead of the Bay Area at 8.1x and India at 5.8x.
- Pakistan's VC-backed pool holds 170+ startups on $100K-15M raised, 17 breakouts on $15-100M and 2 scaleups on $100M+, and no $1B valuation or $100M revenue outcome yet.
- Pakistani startups drew $57M of startup capital and $15M of breakout capital in 2025 and nothing above $100M, less than Egypt, Vietnam or Indonesia.
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Selected charts
Companion charts derived from this report — open any chart in full-screen on the right side.
Pakistan's startup founders growth
Bar chart showing 4.3× growth in Pakistani startup founders over 15 years, from 121 to 518 new founders per period.
Pakistan has the founders. The capital is what's missing.
Side-by-side comparison of total VC raised by Pakistani vs Indian startups — Pakistan is 53× smaller at the startup stage and 400× smaller at the breakout stage.
Pakistan's 11.3x Startup Value Growth Outpaces Every Major Tech Hub
Enterprise value growth of VC-backed companies launched since 2015, measured since 2020