Gondal said startups are finally having a moment in the South Asian market. “Each country’s startup ecosystem goes through various waves. In India, we saw e-commerce firms like Flipkart flourish in the first wave. Firms like Ola, Zomato and Swiggy and fintech firms like PhonePe and Paytm made inroads in the waves after that,” he said, adding that he saw a similar trend in Berlin.

https://techcrunch.com/2021/09/22/fintech-startup-tag-valued-at-100-million-in-pakistans-largest-seed-round/