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About Sarmayacar
Sarmayacar is a venture capital firm founded in 2016. It is primarily based out of Lahore, Pakistan. As of Sep 2023, Sarmayacar has invested in 16 companies. It primarily invests in Seed round in Pakistan based startups. Its investments are spread across a wide range of sectors from Consumer to FinTech and Retail. Most recently it participated in the $***** Seed round of Truckistan A lot of funds co-invest with Sarmayacar, with names like Mentors Fund sharing a substantial percentage of its portfolio. Sarmayacar has team of 11 people including 2 partners.Key Metrics
Team Members
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio Acquisitions
Sarmayacar's List of Top Investments
Sarmayacar has a portfolio of 16 companies. Their most notable investments are in Oladoc and TruckSher.Their portfolio spans across Pakistan and United States. They have invested in Consumer, FinTech, Retail and 11 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Sarmayacar:1. Oladoc
Online platform for doctor discovery & appointment booking. The platform enables users to find doctors by location or specialty and schedule an appointment online. Doctors can use the platform to manage appointments, grow online visibility and reputation.
Key facts about Oladoc
- Founded Year: 2016
- Location: Lahore (Pakistan)
- Stage: Seed
- Total Funding till date: $2.9M
- Employee Count: 334 as on Sep 30, 2026
- Investors: Canopus Advisors, Doha Tech Angels and 3 Others
- Latest Funding Round: Seed, Jan 14, 2022, $*****
2. Bykea
Bykea is an online marketplace platform for on-demand two-wheeler ride-hailing and hyper-local delivery services. The platform offers various services like two-wheeler hailing, food, medicine, grocery delivery services, and more. Users can create an order by providing pickup and drop locations. After the messenger confirms the order, the customer can track the delivery agent in real-time. Also, it offers various services like classifieds, payments management, shopping, etc. The mobile app is available on the Android and iOS platforms.
Key facts about Bykea
3. Dawaai
Provider of an online store for the purchase of medicines and healthcare products. The products available on the platform include supplements, homeopathic, herbal products, personal care & sexual wellness products, and medical equipment.
Key facts about Dawaai
- Founded Year: 2014
- Location: Karachi (Pakistan)
- Stage: Series B
- Total Funding till date: $13.5M
- Employee Count: 125 as on Sep 30, 2026
- Investors: Kingsway Capital, 500 Global and 9 Others
- Latest Funding Round: Series B, Jun 10, 2021, $*****
- Highlight: Editors' Pick
4. Jugnu
App-based B2B supplier of excess inventory products. It enables small and medium businesses and retailers to order their stocks through the mobile application and provide inventory procurement management solutions. The mobile application is available for Android and iOS users.
Key facts about Jugnu
- Founded Year: 2019
- Location: Lahore (Pakistan)
- Stage: Series A
- Total Funding till date: $25.7M
- Employee Count: 345 as on Sep 30, 2026
- Investors: Sarmayacar, Walled City Co and 2 Others
- Latest Funding Round: Series A, Mar 24, 2022, $*****
- Highlight: Editors' Pick
5. Abhi
Provider of earned wage access, payroll, and business financing solutions. The company offers solutions for businesses to access salary, run payroll, and finance their operations. It provides a platform for employees to access their earned wages. The company also offers payroll software and financing services for businesses.
Key facts about Abhi
Sarmayacar's Year-on-Year Investment Trends
Sarmayacar has invested in 16 companies over the last 10 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Truckistan and most recent follow-on round was in Revolving Games.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 1 | 0 | 1 |
2022 | 3 | 4 | 7 |
2021 | 3 | 1 | 4 |
2020 | 2 | 1 | 3 |
2019 | 2 | 0 | 2 |
2018 | 1 | 0 | 1 |
Sarmayacar's Investments by Stage
Sarmayacar has made 9 investments in Seed stage with an average round size of $2.87M and 4 investments in Series A stage with an average round size of $8.35M.Stage of entry | No. of Investments |
|---|---|
Seed | 9 |
Series A | 4 |
Note: We have considered here, only first round of investments
Sarmayacar's Investments by Sector
Sarmayacar has a diverse portfolio, with companies operating in the Consumer, FinTech, Enterprise Applications, Gig Economy and HealthTech. Notably, it has invested in 12 Tech companies, 9 Consumer (B2C) companies, 6 Enterprise (B2B) companies and at least 4 companies focusing on Marketplace.Sector | No. of Investments |
|---|---|
Consumer | 4 |
FinTech | 3 |
Enterprise Applications | 2 |
Gig Economy | 2 |
HealthTech | 2 |
Others | 11 |
Note: We have considered here, only first round of investments
Sarmayacar's Investments by Geography
Sarmayacar has made most investments in Pakistan (12), followed by United States where it has made 1 investment.Country | No. of Investments |
|---|---|
Pakistan | 12 |
United States | 1 |
Note: We have considered here, only first round of investments
Sarmayacar's recent investments
Sarmayacar has not made any investment in 2026 so far.Here are the most recent investments by Sarmayacar:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 20, 2023 | Pakistan | Seed | 5514 | [+4] | |
Sep 09, 2022 | United States | Seed | 5445 | [+7] | |
Aug 01, 2022 | Pakistan | Series A | 7862 | [+1] | |
Jul 21, 2022 | Pakistan | Seed | 2294 | [+1] | |
Jun 27, 2022 | Pakistan | Series B | 6172 |
Acquired companies in Sarmayacar's Portfolio
1 company from Sarmayacar's portfolio has been acquired. The most recent acquisition was TruckSher in Sep 2021 by TruKKer for $*****.Here are Sarmayacar's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 08, 2021 | May 18, 2021 | Seed | 8156 |
Team profile of Sarmayacar
Sarmayacar has a team of 11 members including 2 Partners located in Austria and Pakistan. Sarmayacar's team does not sit on the board of any company as of now.Co-investors of Sarmayacar
Over the past 10 years, 47 investors have co-invested in Sarmayacar's portfolio companies. This includes funds and angels.
- Invested before Sarmayacar: Glowfish Capital, Prosus and 9 others have invested in rounds before Sarmayacar. There is 1 company where Glowfish Capital has invested before Sarmayacar and 1 company where Prosus has invested before Sarmayacar.
- Top Co-investors of Sarmayacar: 17 investors entered a company along with Sarmayacar. These include investors like Mentors Fund (2 companies).
- Invested after Sarmayacar: A total of 19 investors have invested in Sarmayacar's portfolio after their investments. Top Investors include Ithaca Capital Partners (1 company), Tharros (1 company) and CSC (1 company).
Recent News related to Sarmayacar
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Sarmayacar Secures $15M from Green Climate Fund for Climaventures FundiGrow News•Oct 24, 2024•Sarmayacar, Green Climate Fund
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Pakistan’s Truckistan Technologies secures $1M initial fundingTechNode•Sep 21, 2023•Truckistan, Reflect Ventures, Orbit Startups, Mentors Fund and 3 others
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Sarmaycar, Shorooq back Pakistan fintech player OneLoadAsian Venture Capital Journal•Aug 04, 2022•OneLoad, IFC, Sarmayacar, Shorooq Partners
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Systems Limited’s OneLoad Secures $11 Million in FundingProPakistani•Aug 01, 2022•Systems, Sarmayacar, Shorooq Partners, OneLoad and 1 other
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Bykea Raises $10M in FundingFinSMEs•Jun 28, 2022•Bykea, Prosus, Middle East Venture Partners, Sarmayacar and 3 others
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Abhi Pvt. Reaches $90 Million Valuation Within a Year After Raising $17 Million FundingProPakistani•Apr 19, 2022•Abhi, Speedinvest, Global Ventures, VentureSouq and 7 others
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Saudi Sary expands to Pakistan with investment in B2B e-commerce JugnuWamda•Mar 24, 2022•Sary, Jugnu, Sarmayacar, Systems
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Pakistan’s Oladoc Raises $1.8 Million in Series A RoundProPakistani•Jan 14, 2022•Oladoc, Sarmayacar, Doha Tech Angels
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Pakistan’s first financial wellness platform called ‘Abhi’ completes pre-series A fundraiseTechJuice•Nov 16, 2021•Abhi, Global Ventures, VentureSouq, Next Billion Ventures and 3 others
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Pakistan Based Online Pharmacy Raised $8.5 Million From 500 StartupsTechJuice•Jun 16, 2021•Dawaai, Sarmayacar, Kingsway Capital, Mentors Fund and 2 others
