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May 18, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Startups

Startup Investment Rise to $77M in Pakistan

Startup Investment Rise to $77M in Pakistan

  • Startup investments in Pakistan increased by 97 percent in 2020 as compared to 2019, according to data from MAGNiTT's 'State of Startup Funding - 2021 Emerging Venture Markets' Report.
  • The number of startup deals in Pakistan also went up by 45% this year as opposed to the general downward trend in the MENA region.
Published 21 Jan, 2021 07:27pm
Airbnb valuation surges past $100bn in biggest US IPO of 2020
Markets

Airbnb valuation surges past $100bn in biggest US IPO of 2020

  • Shares opened at $146 on the Nasdaq, far above the initial public offering (IPO) price of $68 apiece that raised $3.5 billion for the company.
  • The IPO highlights a stunning recovery in Airbnb's fortunes after the firm's business was heavily damaged by the COVID-19 pandemic earlier this year.
Published 11 Dec, 2020 12:03am
NASA paying startups $1 for moon rocks
Technology

NASA paying startups $1 for moon rocks

  • The startups will collect "a small amount" of material from the surface of the moon's south pole in 2023, NASA announced.
  • The total contract is worth $1 — with the first payment representing 10% of the total.
Updated 05 Dec, 2020 02:56pm
Apple to lower App Store fees for smaller developers
Technology

Apple to lower App Store fees for smaller developers

  • Apple takes a 30% cut of most purchases made on the App Store, although the commission drops to 15% for subscriptions that remain active for more than a year.
  • The App Store generated $59.3 billion from gross consumer spending in the first 10 months of 2020.
Published 18 Nov, 2020 09:14pm