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Indus Valley Capital

Asia, Sindh, Pakistan, Karachi

Description

Indus Valley Capital is a prominent early-stage venture capital firm dedicated to fostering the burgeoning technology ecosystem in Pakistan. Founded by Aatif Awan, a former LinkedIn and Facebook executive, the firm leverages deep operational experience and a strong global network to support promising startups. Its core mission revolves around identifying and investing in companies that are poised to transform industries and serve the rapidly growing digital population within Pakistan, focusing on solutions tailored for the next 100 million internet users in the region.

The firm has successfully raised two significant funds to date, underscoring its commitment to the Pakistani market. Its initial fund, launched in 2020, closed at $17.5 million, providing crucial early capital to a nascent startup scene. Building on this momentum, Indus Valley Capital secured a second fund of $30 million in 2022, demonstrating increased investor confidence in both the firm's strategy and the potential of Pakistan's digital economy. This capital enables the firm to continue its thesis-driven approach, targeting Seed and Series A rounds for high-growth potential ventures.

Indus Valley Capital typically deploys initial checks ranging from $500,000 to $1.5 million, reflecting its focus on providing substantial early-stage capital to help startups scale. As of late 2022, the firm had already backed over 20 startups, contributing significantly to the development of diverse sectors within Pakistan's tech landscape, including fintech, e-commerce, and logistics. Beyond capital, the firm actively supports its portfolio companies with strategic guidance, talent acquisition, and access to its extensive network of mentors and industry experts, aiming to build sustainable, market-leading businesses.

Investor Profile

Indus Valley Capital has backed more than 20 startups, with 2 new investments in the last 12 months alone. The firm has led 12 rounds, about 60% of its total and boasts 0 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Pre Seed rounds (top funding stages).
  • Majority of deals are located in Pakistan, United States.
  • Strong thematic focus on Marketplace, E-Commerce, B2B.
  • Led 1 rounds in the past year.
  • Typical check size: $500K – $1.5M.

Stage Focus

  • Seed (60%)
  • Series A (20%)
  • Pre Seed (15%)
  • Series B (5%)

Country Focus

  • Pakistan (70%)
  • United States (25%)

Industry Focus

  • Marketplace
  • E-commerce
  • B2b
  • Retail
  • Logistics
  • Delivery
  • E-learning
  • Corporate Training
  • Information Technology
  • Software
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Indus Valley Capital frequently co-invest with?

Soma Capital
North America, California, United States, San Francisco
Co-Investments: 2
Alter Global
North America, California, United States, San Francisco
Co-Investments: 5
Wavemaker Partners
Asia, Central Region, Singapore, Singapore
Co-Investments: 4
Quiet Capital
North America, California, United States, San Francisco
Co-Investments: 2
Defy.vc
North America, California, United States, San Mateo
Co-Investments: 2
BY Venture Partners
Europe, NA - Jersey, Jersey, St. Helier
Co-Investments: 2
Acrew Capital
North America, California, United States, San Francisco
Co-Investments: 2
Zayn Venture Capital (Formally Zayn Capital)
Asia, Islamabad, Pakistan, Islamabad
Co-Investments: 3
Fatima Ventures
Asia, Punjab, Pakistan, Lahore
Co-Investments: 2
Fatima Gobi Ventures
Asia, Punjab, Pakistan, Lahore
Co-Investments: 4

Which angels does Indus Valley Capital often collaborate with?

Balaji Srinivasan
Asia, Central Region, Singapore, Singapore
Shared Deals: 1
FS
North America, California, United States, Palo Alto
Shared Deals: 1
NB
North America, New York, United States, New York
Shared Deals: 1
TH
North America, New York, United States, New York
Shared Deals: 1
WH
North America, California, United States, San Francisco
Shared Deals: 1
AA
North America, California, United States
Shared Deals: 1
TN
North America, Michigan, United States, Ann Arbor
Shared Deals: 1
JJ
Europe, Berlin, Germany, Berlin
Shared Deals: 1
CL
North America, New York, United States, New York
Shared Deals: 1
EG
North America, California, United States, San Francisco
Shared Deals: 1

What are some of recent deals done by Indus Valley Capital?

Farmdar

Karachi, Sindh, Pakistan

Farmdar is a mobile application that provides crop classification and harvest monitoring.

AgricultureAgTechFarming
SeedOct 8, 2024
Qist Bazaar

Karachi, Sindh, Pakistan

Qist Bazaar is a marketplace that offers anything from mobile phones to curling irons for low monthly installments.

E-CommerceElectronicsFinancial ServicesGroceryMarketplace
Series ASep 24, 2024
Amount Raised: $3,200,000
Kollegio

Stanford, California, United States

Kollegio is an AI-driven platform for college applications.

Pre SeedJun 4, 2024
Amount Raised: $750,000

An exclusive community connecting distinguished Pakistani diaspora with entrepreneurial & investment ecosystem back home

SeedMar 13, 2024
Paismo Inc

Los Angeles, California, United States

All-in-one Modern HR, Payroll and Benefit provider for SMBs and enterprises. Redefining the new age of work.

AppsEmployee BenefitsHuman Resources
SeedAug 22, 2023
Amount Raised: $1,310,000
Maqsad

Karachi, Sindh, Pakistan

Maqsad is a edtech firm.

E-Learning
SeedMar 15, 2023
Amount Raised: $2,800,000
Remotebase

San Mateo, California, United States

Remotebase hires, trains, and places local software engineers.

Corporate TrainingInformation TechnologySoftware
SeedOct 27, 2022
Amount Raised: $2,100,000
Potrero Labs

Burlingame, California, United States

We are on a mission to empower creators and their communities

Blockchain
SeedSep 30, 2022
Farmdar

Karachi, Sindh, Pakistan

Farmdar is a mobile application that provides crop classification and harvest monitoring.

AgricultureAgTechFarming
SeedJun 7, 2022
Amount Raised: $1,300,000
Colabs

Lahore, Punjab, Pakistan

Colabs is Pakistan’s fastest growing flexible workspace thoughtfully designed to enable people and businesses to grow.

CollaborationCoworkingFacility ManagementHospitalityReal Estate
SeedMar 24, 2022
Amount Raised: $3,000,000