YUGO.pk, a Pakistan-based online travel platform, has received seed funding.

ByFaisal Chughtai | Published date:
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(Image credit: YUGO)

Over the last several years, the Pakistani entrepreneurial ecosystem has seen significant development, especially in terms of investment. In their 12th batch, YUGO.pk, a technological incubator run by the Punjab Information Technology Board (PITB), has successfully secured initial funding.

Syed Sheharyar Ali, an Angel Investor and Executive Director and Chief Operating Officer of Treet Group of Companies, provided the initial funding. YUGO.pk, which claims to be Pakistan's first online travel website, was founded in 2017 by Ahmed Hannan Kayani, Ahmad Fazal Bajwa, and Asim Javaid to allow potential tourists to customize travel packages to all significant foreign destinations, mainly Europe, the Far East, the Middle East, and North Africa.

Chairman of the PITB, Azfar Manzoor, said,

It is very encouraging to see Pakistan emerging on the global map as one of the leading South Asian countries producing impactful startups. Our technology incubator Plan9 is committed to empowering aspiring entrepreneurs, and Yugo.pk is one of Plan 9’s success stories that have successfully raised good seed investments.

Syed Sheharyar, an angel investor and the Executive Director and Chief Operating Officer of the Treet Group of Companies, said:

I believe Tourism is going to see a surge in the near future, especially because many countries are now gradually re-opening to welcome tourists. YUGO.pk has great potential and is guided by the vision to strengthen the local tourism market.

Ahmed Hannan Kayani, a co-founder of YUGO.pk, said,

Since its launch, YUGO.pk has helped thousands of tourists book different types of trips, from short city

eaks to month-long international trips. We’re very thankful to Plan9 for their support and guidance and to Syed Sheharyar Ali for placing his trust in us.

Plan9, Pakistan's biggest technology incubator, seeks to establish a culture of tech entrepreneurship and achieve long-term growth for early-stage businesses by offering chances for Pakistani entrepreneurs to create commercially viable technology companies.

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