About PakWheels
PakWheels is a company based in Lahore (Pakistan) founded in 2003 by Hanif Bhatti.. PakWheels has raised $3.5 million across 1 funding round from investors including Frontier Digital Ventures. PakWheels operates in a competitive market with competitors including Carmudi Pakistan, ArabBay, burjkhaiber, AutoOnes and PakRides, among others.
- Headquarter Lahore, Pakistan
- Founders Hanif Bhatti
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.5 M (USD)
in 1 rounds
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Latest Funding Round
$3.5 M (USD), Series A
Oct 31, 2014
- Investors
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Employee Count
Employee Count
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Funding Insights of PakWheels
PakWheels has successfully raised a total of $3.5M through 1 strategic funding round. The most recent funding activity was a Series A round of $3.5 million completed in October 2014. 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 1
- Last Round Series A — $3.5M
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First Round
First Round
(31 Oct 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2014 | Amount | Series A - PakWheels | 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 |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PakWheels
PakWheels has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Frontier Digital Ventures. 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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Private equity firm
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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
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PakWheels
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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 - PakWheels
| 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 |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pakwheels Comparisons
Competitors of PakWheels
PakWheels operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Carmudi Pakistan, ArabBay, burjkhaiber, AutoOnes and PakRides, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Operates an online portal for buying and selling new and used cars in Pakistan.
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| domain | founded_year | HQ Location |
Online platform for listing used cars and bikes.
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| domain | founded_year | HQ Location |
Operates an online auction platform for used vehicles.
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| domain | founded_year | HQ Location |
Provides online verification of Japanese car auction sheets and detailed reports.
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| domain | founded_year | HQ Location |
Operates an online classified portal for used automobiles.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| 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.
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Latest news on Pakwheels
Frequently Asked Questions about PakWheels
When was PakWheels founded?
PakWheels was founded in 2003 and raised its 1st funding round 11 years after it was founded.
Where is PakWheels located?
PakWheels is headquartered in Lahore, Pakistan. It is registered at Lahore, Punjab, Pakistan.
Who is the current CEO of PakWheels?
Muhammad Raza Saeed is the current CEO of PakWheels.
Is PakWheels a funded company?
PakWheels is a funded company, having raised a total of $3.5M across 1 funding round to date. The company's 1st funding round was a Series A of $3.5M, raised on Oct 31, 2014.
What does PakWheels do?
PakWheels was founded in 2003 in Lahore, Pakistan, and operates within the automotive sector as an online marketplace. Used cars and bikes are listed by dealers and consumers for buying and selling. Automotive reviews and news are made available to users, while prices for vehicles are checked through the platform. Solutions to various automotive needs are also provided via dedicated resources.
Who are the top competitors of PakWheels?
PakWheels's top competitors include Carmudi Pakistan, ArabBay and burjkhaiber.
Who are PakWheels's investors?
PakWheels has 1 investor. Key investors include Frontier Digital Ventures.