About K-Electric
K-Electric is a company based in Karachi (Pakistan) founded in 1913.. K-Electric has raised $361 million across 2 funding rounds from investors including FMO, Shanghai Electric Power and The Abraaj Group.
- Headquarter Karachi, Pakistan
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$0 (USD)45.53as on Jun 30, 2024
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Net Profit
$0 (USD)0as on Jun 30, 2024
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EBITDA
$0 (USD)0as on Jun 30, 2024
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Total Equity Funding
$361 M (USD)
in 2 rounds
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Latest Funding Round
$100 M (USD), Debt – Conventional
Apr 12, 2022
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Investors
FMO
& 2 more
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Employee Count
Employee Count
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Acquired by
& 1 more
(Aug 03, 2023)
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Leadership Team
25 people
Software Development Team
21 people
Human Resources and Administration
20 people
General Team
16 people
Finance and Accounting
13 people
Manager Team
12 people
Grid Team
5 people
Deputy Team
5 people
Unlock access to complete
Funding Insights of K-Electric
K-Electric has successfully raised a total of $361M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $100 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $100.0M
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First Round
First Round
(15 Apr 2009)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Debt – Conventional - K-Electric | Valuation |
investors |
|
| Apr, 2009 | Amount | Private Equity Round - K-Electric | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in K-Electric
K-Electric has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include FMO, Shanghai Electric Power and The Abraaj Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Development financing is provided for entrepreneurial ventures in emerging markets.
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Founded Year | Domain | Location | |
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Private equity investments are managed in emerging markets globally.
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Founded Year | Domain | Location | |
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Coal-based and renewable power plants are developed and operated.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by K-Electric
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - K-Electric
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
K-Electric Comparisons
Competitors of K-Electric
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about K-Electric
When was K-Electric founded?
K-Electric was founded in 1913 and raised its 1st funding round 96 years after it was founded.
Where is K-Electric located?
K-Electric is headquartered in Karachi, Pakistan. It is registered at Karachi, Sindh, Pakistan.
Is K-Electric a funded company?
K-Electric is a funded company, having raised a total of $361M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $361M, raised on Apr 15, 2009.
What does K-Electric do?
K-Electric was founded in 1913 and functions as Pakistans sole vertically integrated power utility. Generation, transmission, and distribution of electricity are managed across Karachi and adjacent regions, encompassing 6,500 square kilometers. Service is provided to over 2.2 million customers in industrial, commercial, agricultural, and residential sectors. The company was nationalized in 1952 and privatized in 2005.
Who are K-Electric's investors?
K-Electric has 3 investors. Key investors include FMO, Shanghai Electric Power, and The Abraaj Group.