COLABS, a Lahore-based coworking operator, has raised $3 million in a seed round. Indus Valley Capital, Zayn Capital, and Fatima Gobi Ventures led the seed round. Shorooq Partners, Kinnow Capital, Muir Capital, Sai Ventures, and key angels Turner Novak, William Hockley, and Teddy Himler also participated.
Omar Shah, a former private equity and venture investor, and his twin brother Ali Shah, who runs the family-owned real estate and development firm SABCON, formed Colabs in 2019. In a statement, COLABS said it now has over 1,200 members and over 100 enterprises in Pakistan.
COLABS now has freelancers, startups, SMEs, and MNCs. COLABS has recently secured a licence from the Special Technology Zones Authority (STZA) to establish a coworking space in Islamabad.
The company’s COGROW project enables local and international businesses to enter, launch, and expand in Pakistan, establishing a diversified and linked ecosystem. Its SaaS-based business solution handles payroll, attendance, talent management, and legal services for startups and COLABS organisations.
Omar Shah, the company’s CEO, claims that the services it provides make it easier for freelancers, startups, and even international firms entering Pakistan to start and manage their enterprises.
COLABS claims a partner network of over 100 organisations working to grow the Pakistani startup environment. In less than three years, COLABS has helped boost the Pakistani startup environment, says Omar Shah.
COLABS wants to utilise the new funds to expand its digital solutions and productized services to people and institutions outside its network, as well as hire more employees. COLABS aims to grow to 10,000 members within two years, and 100,000 within a few years.
“The camaraderie and spirit at COLABS is a microcosm of the fast-growing Pakistani tech ecosystem,” said Aatif Awan, founder and managing partner of Indus Valley Capital. This partnership will help COLABS establish the top platform and network for Pakistani startups, freelancers, and multinational corporations moving into Pakistan.”
COLABS, a Lahore-based coworking operator, has raised $3 million in a seed round.
Indus Valley Capital, Zayn Capital, and Fatima Gobi Ventures led the seed round. Shorooq Partners, Kinnow Capital, Muir Capital, Sai Ventures, and key angels Turner Novak, William Hockley, and Teddy Himler also participated.
Omar Shah, a former private equity and venture investor, and his twin brother Ali Shah, who runs the family-owned real estate and development firm SABCON, formed Colabs in 2019. In a statement, COLABS said it now has over 1,200 members and over 100 enterprises in Pakistan.
COLABS now has freelancers, startups, SMEs, and MNCs. COLABS has recently secured a licence from the Special Technology Zones Authority (STZA) to establish a coworking space in Islamabad.
The company’s COGROW project enables local and international businesses to enter, launch, and expand in Pakistan, establishing a diversified and linked ecosystem. Its SaaS-based business solution handles payroll, attendance, talent management, and legal services for startups and COLABS organisations.
Omar Shah, the company’s CEO, claims that the services it provides make it easier for freelancers, startups, and even international firms entering Pakistan to start and manage their enterprises.
COLABS claims a partner network of over 100 organisations working to grow the Pakistani startup environment. In less than three years, COLABS has helped boost the Pakistani startup environment, says Omar Shah.
COLABS wants to utilise the new funds to expand its digital solutions and productized services to people and institutions outside its network, as well as hire more employees. COLABS aims to grow to 10,000 members within two years, and 100,000 within a few years.
“The camaraderie and spirit at COLABS is a microcosm of the fast-growing Pakistani tech ecosystem,” said Aatif Awan, founder and managing partner of Indus Valley Capital. This partnership will help COLABS establish the top platform and network for Pakistani startups, freelancers, and multinational corporations moving into Pakistan.”
