‘Investor Lounge’ Raises Funding From Arpatech Technology Ventures
Investor Lounge, a startup from the first batch of P@SHA’s Tech Incubator The Nest i/o, signed an investment deal with Arpatech Technology Ventures today. Co-founders Baqar Abbas Jafri, Sennen Desouza and Hammad Ali Hashmi were present at the signing ceremony at the office of Arpatech, alongside CEO Arpatech Jamal Khan and Jehan Ara, President of P@SHA and Big Bird of The Nest i/o.
ARPATECH has taken a non-controlling stake in Investor Lounge at an undisclosed six-digit dollar valuation.
Investor Lounge is an information platform that empowers people with the education and information they require to make better financial decisions for their family’s prosperity. According to Baqar Abbas Jafri, CEO of Investor Lounge:
Investor Lounge is an effort driven by years of industry expertise, gathering feedback and actively observing industry trends. We are focused on providing timely and accurate financial information about stocks, mutual funds, commodities, fixed income investment instruments and other investment schemes in Pakistan.
Investor Lounge competed in P@SHA ICT Awards 2015 held in Lahore, and emerged as runners-up in the startup category. They were also a part of the official P@SHA delegation that went to APICTA 2015 in Colombo, and received positive feedback and praise from the judging panel.
Jehan Ara, who heads The Nest i/o where the team was incubated and received mentoring, said:
It gives me great pleasure that the young but mature team at Investor Lounge have found the right platform to take their initiative forward. The product has tremendous potential and is a perfect fit for anyone looking to grow their savings and investments. Being associated with Arpatech Technology Ventures will only help the company move ahead faster.
Some of the noteworthy e-commerce businesses under Arpatech Technology Ventures are Forrun, Textualy, Tazamart and EatOye! which was later acquired by Foodpanda, Rocket Internet.
Investor Lounge is the second startup from The Nest i/o to formally sign a deal with Arpatech.